Schwab Charles Investment Management Inc. increased its position in shares of Mistras Group Inc (NYSE:MG) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,464 shares of the technology company’s stock after buying an additional 3,078 shares during the period. Schwab Charles Investment Management Inc. owned about 0.22% of Mistras Group worth $1,315,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased 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 worth $106,000 after buying an additional 1,981 shares in the last quarter. American International Group Inc. increased its stake 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 in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Mistras Group during the first quarter worth $968,000. Wedge Capital Management L L P NC increased its stake in Mistras Group by 117.9% in the first quarter. Wedge Capital Management L L P NC now owns 750,020 shares of the technology company’s stock worth $16,035,000 after buying an additional 405,754 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake 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 in the last quarter. 60.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mistras Group Inc (NYSE:MG) traded up 0.22% during trading on Tuesday, reaching $18.25. 12,167 shares of the company were exchanged. The firm has a market capitalization of $515.56 million, a P/E ratio of 38.83 and a beta of 1.15. The firm’s 50 day moving average is $20.08 and its 200 day moving average is $21.32. Mistras Group Inc has a 1-year low of $17.00 and a 1-year 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 for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $170.16 million. On average, equities analysts anticipate that Mistras Group Inc will post $0.50 EPS for the current fiscal year.

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A number of analysts have recently weighed in on MG shares. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. 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. Canaccord Genuity reduced 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. KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research report on Friday. Finally, BidaskClub downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.40.

In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was 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 in the company, valued at approximately $224,536,402.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jonathan H. Wolk purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $17.41 per share, for a total transaction of $43,525.00. Following the acquisition, the chief operating officer now owns 83,589 shares in the company, valued at $1,455,284.49. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 284,035 shares of company stock worth $6,003,452. 44.70% of the stock is owned by company insiders.

Mistras Group Company Profile

Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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