Swiss National Bank held its position in Mistras Group Inc. (NYSE:MG) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 31,300 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.11% of Mistras Group worth $747,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of Mistras Group by 1.3% in the second quarter. California State Teachers Retirement System now owns 35,969 shares of the company’s stock worth $859,000 after buying an additional 457 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mistras Group by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 78,958 shares of the company’s stock worth $1,885,000 after buying an additional 1,155 shares during the period. American Century Companies Inc. bought a new stake in shares of Mistras Group during the second quarter worth about $208,000. Strs Ohio boosted its stake in shares of Mistras Group by 81.1% in the second quarter. Strs Ohio now owns 9,600 shares of the company’s stock worth $229,000 after buying an additional 4,300 shares during the period. Finally, Shell Asset Management Co. bought a new stake in shares of Mistras Group during the second quarter worth about $590,000. Institutional investors own 56.35% of the company’s stock.
Shares of Mistras Group Inc. (NYSE:MG) traded up 1.23% during trading on Monday, hitting $20.55. The company had a trading volume of 83,993 shares. The firm’s 50 day moving average is $23.71 and its 200-day moving average is $24.43. Mistras Group Inc. has a 52 week low of $17.84 and a 52 week high of $26.47. The stock has a market capitalization of $595.44 million, a P/E ratio of 25.37 and a beta of 1.20.
Mistras Group (NYSE:MG) last issued its quarterly earnings data on Thursday, October 6th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Mistras Group had a return on equity of 10.33% and a net margin of 3.44%. The company earned $168.40 million during the quarter. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Equities research analysts anticipate that Mistras Group Inc. will post $5.23 EPS for the current fiscal year.
Several analysts have weighed in on the company. Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Friday, July 22nd. TD Securities lowered their price target on Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Robert W. Baird raised Mistras Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $28.00 in a report on Friday, August 12th. Finally, CIBC raised their price target on Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.75.
In related news, insider Dennis Bertolotti sold 21,000 shares of Mistras Group stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $24.97, for a total value of $524,370.00. Following the completion of the sale, the insider now owns 101,062 shares of the company’s stock, valued at $2,523,518.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.60% of the stock is owned by corporate insiders.
About Mistras Group
Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.
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