Mycio Wealth Partners LLC Has $359,000 Stock Position in Mistras Group Inc (NYSE:MG)

Mycio Wealth Partners LLC lifted its stake in Mistras Group Inc (NYSE:MG) by 66.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the technology company’s stock after purchasing an additional 10,000 shares during the quarter. Mycio Wealth Partners LLC owned 0.09% of Mistras Group worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MG. Bank of America Corp DE boosted its position in shares of Mistras Group by 181.8% in the 4th quarter. Bank of America Corp DE now owns 168,508 shares of the technology company’s stock valued at $2,424,000 after purchasing an additional 108,711 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Mistras Group by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,378,961 shares of the technology company’s stock valued at $19,830,000 after purchasing an additional 59,870 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Mistras Group by 231.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 76,464 shares of the technology company’s stock valued at $1,056,000 after purchasing an additional 53,392 shares during the period. Rutabaga Capital Management LLC MA boosted its position in shares of Mistras Group by 7.5% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 728,619 shares of the technology company’s stock valued at $10,062,000 after purchasing an additional 50,950 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of Mistras Group by 20.0% in the 1st quarter. Great Lakes Advisors LLC now owns 214,578 shares of the technology company’s stock valued at $2,963,000 after purchasing an additional 35,811 shares during the period. Institutional investors and hedge funds own 60.70% of the company’s stock.

In other news, COO Jonathan H. Wolk purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average cost of $13.76 per share, with a total value of $34,400.00. Following the purchase, the chief operating officer now directly owns 94,900 shares of the company’s stock, valued at $1,305,824. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nicholas Debenedictis purchased 2,010 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $13.97 per share, with a total value of $28,079.70. Following the completion of the purchase, the director now directly owns 53,589 shares in the company, valued at $748,638.33. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 6,556 shares of company stock valued at $90,660. Company insiders own 42.40% of the company’s stock.

Mistras Group stock traded down $0.16 during mid-day trading on Thursday, hitting $15.52. The company’s stock had a trading volume of 337 shares, compared to its average volume of 89,347. The firm’s 50 day moving average is $15.28 and its 200 day moving average is $14.48. The company has a market cap of $451.65 million, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.72 and a quick ratio of 1.60. Mistras Group Inc has a 52-week low of $12.38 and a 52-week high of $23.13.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $200.62 million during the quarter, compared to the consensus estimate of $192.70 million. Mistras Group had a return on equity of 4.13% and a net margin of 0.01%. As a group, analysts forecast that Mistras Group Inc will post 0.65 EPS for the current year.

A number of equities analysts recently weighed in on MG shares. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Credit Suisse Group assumed coverage on Mistras Group in a research report on Thursday, June 27th. They issued a “neutral” rating and a $55.00 price target for the company. ValuEngine raised Mistras Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, TheStreet raised Mistras Group from a “d+” rating to a “c-” rating in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.50.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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