Weber Capital Management LLC ADV Acquires New Shares in Mistras Group Inc $MG

Weber Capital Management LLC ADV purchased a new position in Mistras Group Inc (NYSE:MG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,448,154 shares of the technology company’s stock, valued at approximately $25,299,250. Mistras Group accounts for 0.0% of Weber Capital Management LLC ADV’s investment portfolio, making the stock its 2nd largest position. Weber Capital Management LLC ADV owned approximately 4.55% of Mistras Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of MG. Torren Management LLC bought a new stake in Mistras Group in the fourth quarter valued at $28,000. State of Wyoming acquired a new position in Mistras Group during the 2nd quarter valued at approximately $71,000. BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Mistras Group during the fourth quarter worth about $74,000. Finally, MetLife Investment Management LLC raised its stake in shares of Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,065 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Price Performance

Shares of NYSE MG traded down $0.66 during trading on Friday, hitting $18.59. The company had a trading volume of 76,842 shares, compared to its average volume of 185,403. The firm has a market capitalization of $592.09 million, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.13 and a beta of 0.89. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. Mistras Group Inc has a fifty-two week low of $9.35 and a fifty-two week high of $20.20. The stock has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $16.66.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%.The firm had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. On average, research analysts expect that Mistras Group Inc will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MG has been the subject of several recent analyst reports. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Roth Capital initiated coverage on Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price for the company. Wall Street Zen cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Mistras Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mistras Group currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.