Mistras Group Inc (MG) Position Raised by Bernzott Capital Advisors
Bernzott Capital Advisors boosted its position in shares of Mistras Group Inc (NYSE:MG) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 635,161 shares of the technology company’s stock after buying an additional 30,985 shares during the period. Mistras Group makes up approximately 2.3% of Bernzott Capital Advisors’ portfolio, making the stock its 24th largest position. Bernzott Capital Advisors owned 2.23% of Mistras Group worth $13,954,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position 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 worth $106,000 after buying an additional 1,981 shares during the period. American International Group Inc. increased its position in Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock worth $226,000 after buying an additional 694 shares during the period. Trexquant Investment LP bought a new position in Mistras Group during the first quarter worth approximately $297,000. PNC Financial Services Group Inc. increased its position in Mistras Group by 14.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock worth $307,000 after buying an additional 1,825 shares during the period. Finally, Rhumbline Advisers increased its position in Mistras Group by 11.8% in the second quarter. Rhumbline Advisers now owns 21,421 shares of the technology company’s stock worth $471,000 after buying an additional 2,265 shares during the period. 57.16% of the stock is currently owned by institutional investors.
Shares of Mistras Group Inc (MG) opened at 18.06 on Thursday. The firm has a market cap of $510.19 million, a PE ratio of 38.43 and a beta of 1.15. The company’s 50-day moving average is $20.91 and its 200-day moving average is $21.58. Mistras Group Inc has a 52 week low of $17.66 and a 52 week high of $26.46.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. The company had revenue of $170.44 million during the quarter, compared to the consensus estimate of $170.16 million. Analysts forecast that Mistras Group Inc will post $0.50 EPS for the current fiscal year.
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A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Canaccord Genuity dropped their target price on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, August 10th. Robert W. Baird dropped their target price on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $47.00 target price on shares of Mistras Group in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Mistras Group currently has a consensus rating of “Hold” and an average target price of $34.40.
In other Mistras Group news, EVP Michael C. Keefe sold 4,462 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $18.05, for a total transaction of $80,539.10. Following the completion of the sale, the executive vice president now owns 47,223 shares in the company, valued at $852,375.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 10,651,632 shares of the company’s stock, valued at approximately $224,536,402.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 284,035 shares of company stock valued at $6,003,452. 44.70% of the stock is owned by insiders.
About Mistras Group
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