Mistras Group Inc (MG) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC decreased its stake in shares of Mistras Group Inc (NYSE:MG) by 62.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,097 shares of the technology company’s stock after selling 28,171 shares during the period. Stoneridge Investment Partners LLC owned 0.06% of Mistras Group worth $376,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Engine Capital Management LLC raised its stake in Mistras Group by 5,323.9% in the first quarter. Engine Capital Management LLC now owns 314,805 shares of the technology company’s stock valued at $6,731,000 after buying an additional 309,001 shares in the last quarter. Victory Capital Management Inc. raised its stake in Mistras Group by 66.6% in the first quarter. Victory Capital Management Inc. now owns 4,955 shares of the technology company’s stock valued at $106,000 after buying an additional 1,981 shares in the last quarter. State Street Corp raised its stake in Mistras Group by 1.2% in the fourth quarter. State Street Corp now owns 326,477 shares of the technology company’s stock valued at $8,385,000 after buying an additional 3,814 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Mistras Group during the fourth quarter valued at about $269,000. Finally, Broad Run Investment Management LLC raised its stake in Mistras Group by 6.7% in the first quarter. Broad Run Investment Management LLC now owns 1,550,246 shares of the technology company’s stock valued at $33,144,000 after buying an additional 97,886 shares in the last quarter. 57.10% of the stock is owned by institutional investors.
Shares of Mistras Group Inc (MG) opened at 18.01 on Friday. The company’s 50-day moving average price is $21.17 and its 200 day moving average price is $21.70. The company has a market cap of $510.49 million, a price-to-earnings ratio of 38.32 and a beta of 1.15. Mistras Group Inc has a 1-year low of $17.66 and a 1-year high of $26.46.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by $0.07. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%. The company had revenue of $170.44 million for the quarter, compared to the consensus estimate of $170.16 million. On average, analysts predict that Mistras Group Inc will post $0.48 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on MG shares. Zacks Investment Research lowered Mistras Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. BMO Capital Markets reissued a “market perform” rating and set a $47.00 price objective on shares of Mistras Group in a research note on Friday, May 12th. Canaccord Genuity dropped their price objective on Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Mistras Group presently has an average rating of “Hold” and a consensus price target of $34.40.
In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $21.08, for a total transaction of $2,000,007.16. Following the completion of the transaction, the chairman now owns 10,651,632 shares of the company’s stock, valued at approximately $224,536,402.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $21.23, for a total transaction of $1,999,993.38. Following the transaction, the chairman now directly owns 10,746,509 shares of the company’s stock, valued at approximately $228,148,386.07. The disclosure for this sale can be found here. Insiders have sold a total of 279,573 shares of company stock valued at $5,922,913 in the last three months. Insiders own 44.70% of the company’s stock.
About Mistras Group
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