Citadel Advisors LLC acquired a new stake in shares of Mistras Group Inc (NYSE:MG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,437 shares of the technology company’s stock, valued at approximately $870,000. Citadel Advisors LLC owned approximately 0.15% of Mistras Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MG. Lapides Asset Management LLC purchased a new stake in Mistras Group in the third quarter valued at approximately $531,000. Uniplan Investment Counsel Inc. boosted its position in Mistras Group by 13.8% in the second quarter. Uniplan Investment Counsel Inc. now owns 273,936 shares of the technology company’s stock valued at $6,018,000 after buying an additional 33,137 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in 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 valued at $1,315,000 after buying an additional 3,078 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Mistras Group in the 2nd quarter worth approximately $452,000. Finally, Vanguard Group Inc. boosted its position in Mistras Group by 2.5% in the 2nd 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. Hedge funds and other institutional investors own 62.14% of the company’s stock.

MG has been the topic of several recent research reports. Goldman Sachs Group lowered Mistras Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Monday, October 16th. BidaskClub lowered Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Zacks Investment Research downgraded Mistras Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Canaccord Genuity increased their price objective on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. 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. Mistras Group presently has an average rating of “Hold” and an average price target of $34.71.

In related news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $22.80, for a total transaction of $91,200.00. Following the completion of the sale, the executive vice president now owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 44.70% of the stock is owned by insiders.

Mistras Group Inc (MG) opened at $22.47 on Friday. Mistras Group Inc has a twelve month low of $17.00 and a twelve month high of $26.46. The company has a market capitalization of $635.70, a PE ratio of 40.13 and a beta of 1.18. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company 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%. equities analysts anticipate that Mistras Group Inc will post 0.46 earnings per share for the current fiscal year.

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About Mistras Group

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

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