Royce & Associates LP Grows Stock Holdings in Mistras Group Inc $MG

Royce & Associates LP boosted its position in Mistras Group Inc (NYSE:MG) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,421,087 shares of the technology company’s stock after acquiring an additional 78,340 shares during the period. Royce & Associates LP owned about 4.50% of Mistras Group worth $17,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MG. Weber Capital Management LLC ADV purchased a new stake in Mistras Group in the 4th quarter worth approximately $18,749,000. Invenomic Capital Management LP purchased a new stake in Mistras Group in the 3rd quarter worth approximately $4,650,000. Acuitas Investments LLC grew its stake in Mistras Group by 51.7% in the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock worth $6,332,000 after acquiring an additional 219,421 shares during the period. Millennium Management LLC grew its stake in Mistras Group by 48.9% in the 3rd quarter. Millennium Management LLC now owns 357,513 shares of the technology company’s stock worth $3,518,000 after acquiring an additional 117,334 shares during the period. Finally, Bank of America Corp DE grew its stake in Mistras Group by 397.1% in the 3rd quarter. Bank of America Corp DE now owns 112,560 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 89,916 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Stock Up 5.6%

Shares of Mistras Group stock opened at $18.25 on Wednesday. The company has a fifty day moving average price of $16.71 and a 200 day moving average price of $14.61. The company has a current ratio of 1.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80. Mistras Group Inc has a twelve month low of $7.22 and a twelve month high of $19.56. The stock has a market cap of $580.72 million, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.92.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The firm had revenue of $169.03 million during the quarter, compared to analysts’ expectations of $164.25 million. Equities research analysts forecast that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on MG shares. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research cut shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Roth Mkm began coverage on shares of Mistras Group in a research note on Thursday, April 30th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.00.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.