Sei Investments Co. Acquires 146,222 Shares of Mistras Group Inc $MG

Sei Investments Co. increased its holdings in Mistras Group Inc (NYSE:MG) by 249.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,840 shares of the technology company’s stock after acquiring an additional 146,222 shares during the period. Sei Investments Co.’s holdings in Mistras Group were worth $3,028,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MG. Torren Management LLC acquired a new position in Mistras Group during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Mistras Group in the fourth quarter valued at approximately $74,000. MetLife Investment Management LLC lifted its holdings 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 purchasing an additional 1,065 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Mistras Group by 18.2% during the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after buying an additional 2,183 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

Wall Street Analyst Weigh In

MG has been the subject of several recent research reports. Roth Capital initiated coverage on Mistras Group in a report on Thursday, April 30th. They set a “buy” rating and a $22.00 price target for the company. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Stock Up 3.0%

Mistras Group stock opened at $16.11 on Friday. The firm has a 50 day moving average price of $16.99 and a 200-day moving average price of $16.23. The company has a quick ratio of 1.67, a current ratio of 1.81 and a debt-to-equity ratio of 0.80. Mistras Group Inc has a twelve month low of $8.61 and a twelve month high of $19.64. The company has a market capitalization of $512.65 million, a P/E ratio of 23.02, a P/E/G ratio of 0.93 and a beta of 0.89.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The company had revenue of $169.03 million for the quarter, compared to analysts’ expectations of $164.25 million. As a group, equities analysts predict that Mistras Group Inc will post 1.05 EPS for the current year.

Mistras Group Company Profile

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.