Mistras Group Inc (NYSE:MG) Director Manuel N. Stamatakis bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was purchased at an average price of $22.81 per share, with a total value of $114,050.00. Following the completion of the purchase, the director now directly owns 48,676 shares of the company’s stock, valued at approximately $1,110,299.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mistras Group Inc (MG) traded up 0.06% during mid-day trading on Friday, reaching $17.96. 46,883 shares of the company traded hands. Mistras Group Inc has a 52-week low of $17.00 and a 52-week high of $26.46. The stock has a 50 day moving average price of $20.08 and a 200-day moving average price of $21.32. The company has a market capitalization of $507.37 million, a P/E ratio of 38.21 and a beta of 1.15.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%. The business had revenue of $170.44 million during the quarter, compared to the consensus estimate of $170.16 million. Analysts expect that Mistras Group Inc will post $0.50 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Mistras Group Inc (MG) Director Manuel N. Stamatakis Acquires 5,000 Shares of Stock” was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/26/mistras-group-inc-mg-director-manuel-n-stamatakis-acquires-5000-shares-of-stock.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Mistras Group by 0.7% in the first quarter. Wellington Management Group LLP now owns 2,681,494 shares of the technology company’s stock worth $57,331,000 after buying an additional 18,600 shares in the last quarter. Broad Run Investment Management LLC raised its position in shares of Mistras Group by 1.7% in the second quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock worth $34,652,000 after buying an additional 26,989 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Mistras Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after buying an additional 34,319 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mistras Group by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,035 shares of the technology company’s stock worth $24,409,000 after buying an additional 69,211 shares in the last quarter. Finally, Rockefeller Financial Services Inc. raised its position in shares of Mistras Group by 3.1% in the second quarter. Rockefeller Financial Services Inc. now owns 805,443 shares of the technology company’s stock worth $17,696,000 after buying an additional 24,195 shares in the last quarter. 57.16% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Canaccord Genuity decreased their target price on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 10th. Robert W. Baird decreased their target price on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Mistras Group in a research note on Friday. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, BidaskClub downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.40.

About Mistras Group

Insider Buying and Selling by Quarter for Mistras Group (NYSE:MG)

Receive News & Ratings for Mistras Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.