Sterling Capital Management LLC continued to hold its position in Mistras Group Inc (NYSE:MG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,895 shares of the technology company’s stock at the end of the second quarter. Sterling Capital Management LLC owned approximately 0.37% of Mistras Group worth $2,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Broad Run Investment Management LLC boosted its position in Mistras Group by 1.7% in the second quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock valued at $34,652,000 after buying an additional 26,989 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Mistras Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after purchasing an additional 34,319 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mistras Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,035 shares of the technology company’s stock worth $24,409,000 after purchasing an additional 69,211 shares in the last quarter. Rockefeller Financial Services Inc. lifted its position in shares of Mistras Group by 3.1% during the second quarter. Rockefeller Financial Services Inc. now owns 805,443 shares of the technology company’s stock worth $17,696,000 after purchasing an additional 24,195 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Mistras Group by 5.2% during the second quarter. Wedge Capital Management L L P NC now owns 788,976 shares of the technology company’s stock worth $17,334,000 after purchasing an additional 38,956 shares in the last quarter. Hedge funds and other institutional investors own 60.60% of the company’s stock.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $170.16 million.

In related news, Chairman Sotirios J. Vahaviolos sold 90,490 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total transaction of $1,922,912.50. Following the sale, the chairman now directly owns 10,561,142 shares in the company, valued at approximately $224,424,267.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael C. Keefe sold 4,462 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the sale, the executive vice president now owns 47,223 shares in the company, valued at $852,375.15. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.

MG has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) lowered shares of Mistras Group from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Monday. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. 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. Finally, BidaskClub lowered shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.00.

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Mistras Group Company Profile

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

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