Comerica Bank lifted its position in Mistras Group Inc (NYSE:MG) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,809 shares of the technology company’s stock after buying an additional 4,482 shares during the period. Comerica Bank owned about 0.27% of Mistras Group worth $1,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Engine Capital Management LLC lifted its stake in shares of 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 worth $6,731,000 after buying an additional 309,001 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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. Schwab Charles Investment Management Inc. lifted its stake in shares of Mistras Group by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 61,464 shares of the technology company’s stock worth $1,315,000 after buying an additional 3,078 shares in the last quarter. American International Group Inc. lifted its stake in shares of 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. Finally, Broad Run Investment Management LLC lifted its stake in shares of 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 worth $33,144,000 after buying an additional 97,886 shares in the last quarter. Hedge funds and other institutional investors own 60.60% of the company’s stock.

Mistras Group Inc (NYSE MG) opened at 20.57 on Tuesday. The stock’s 50 day moving average is $19.19 and its 200 day moving average is $21.04. Mistras Group Inc has a 12-month low of $17.00 and a 12-month high of $26.46. The stock has a market capitalization of $581.10 million, a PE ratio of 43.77 and a beta of 1.17.

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

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In related news, COO Jonathan H. Wolk bought 2,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $17.41 per share, for a total transaction of $43,525.00. Following the purchase, the chief operating officer now directly owns 83,589 shares of the company’s stock, valued at $1,455,284.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Sotirios J. Vahaviolos sold 90,490 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $21.25, for a total transaction of $1,922,912.50. Following the completion of the sale, the chairman now owns 10,561,142 shares of the company’s stock, valued at $224,424,267.50. The disclosure for this sale can be found here. Insiders sold a total of 189,829 shares of company stock valued at $4,003,459 over the last quarter. 44.70% of the stock is owned by company insiders.

MG has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 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 note 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 note on Wednesday, August 9th. Finally, BidaskClub cut shares of Mistras Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Mistras Group presently has an average rating of “Hold” and a consensus target price of $34.40.

Mistras Group Company Profile

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

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