Northern Trust Corp cut its stake in Mistras Group Inc (NYSE:MG) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,643 shares of the technology company’s stock after selling 8,571 shares during the period. Northern Trust Corp owned approximately 0.74% of Mistras Group worth $4,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Mistras Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock valued at $28,908,000 after purchasing an additional 85,240 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Mistras Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,041,824 shares of the technology company’s stock valued at $22,273,000 after purchasing an additional 16,755 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in 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 valued at $17,334,000 after purchasing an additional 38,956 shares during the last quarter. Bernzott Capital Advisors lifted its stake in Mistras Group by 5.1% during the second quarter. Bernzott Capital Advisors now owns 635,161 shares of the technology company’s stock valued at $13,954,000 after purchasing an additional 30,985 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its stake in Mistras Group by 13.8% during the second quarter. Uniplan Investment Counsel Inc. now owns 273,936 shares of the technology company’s stock valued at $6,018,000 after purchasing an additional 33,137 shares during the last quarter. Institutional investors and hedge funds own 60.90% of the company’s stock.

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In other news, COO Jonathan H. Wolk purchased 2,500 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $17.41 per share, for a total transaction of $43,525.00. Following the transaction, the chief operating officer now owns 83,589 shares in the company, valued at $1,455,284.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 44.70% of the stock is currently owned by corporate insiders.

Shares of Mistras Group Inc (NYSE:MG) opened at $21.33 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.21 and a quick ratio of 2.08. The company has a market cap of $603.44, a P/E ratio of 38.09 and a beta of 1.16. Mistras Group Inc has a 12-month low of $17.00 and a 12-month high of $26.46.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $179.57 million during the quarter, compared to analysts’ expectations of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. research analysts forecast that Mistras Group Inc will post 0.46 earnings per share for the current year.

Several research firms recently commented on MG. Canaccord Genuity cut their target price on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 10th. Robert W. Baird cut their target price on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a research note on Saturday, November 11th. KeyCorp reissued a “hold” rating on shares of Mistras Group in a research note on Friday, October 6th. Finally, BidaskClub lowered shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.71.

Mistras Group Company Profile

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

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