Weber Capital Management LLC ADV Buys New Stake in Mistras Group Inc $MG

Weber Capital Management LLC ADV purchased a new position in shares of Mistras Group Inc (NYSE:MG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,448,154 shares of the technology company’s stock, valued at approximately $25,299,250,000. Mistras Group accounts for approximately 21.5% of Weber Capital Management LLC ADV’s investment portfolio, making the stock its 2nd largest position. Weber Capital Management LLC ADV owned 4.55% of Mistras Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Mistras Group in the fourth quarter valued at about $28,000. State of Wyoming purchased a new stake in shares of Mistras Group in the second quarter worth about $71,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mistras Group in the fourth quarter valued at about $74,000. MetLife Investment Management LLC grew 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 buying an additional 1,065 shares in the last quarter. Finally, BNP Paribas Financial Markets grew 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 valued at $73,000 after buying an additional 1,360 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MG. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Roth Capital started coverage on shares of Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings upgraded shares of Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Mistras Group Stock Down 0.1%

Shares of Mistras Group stock opened at $18.94 on Monday. Mistras Group Inc has a 1-year low of $9.24 and a 1-year high of $20.20. The company has a market capitalization of $603.24 million, a PE ratio of 22.82, a P/E/G ratio of 1.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58. The business has a 50-day moving average of $17.02 and a 200-day moving average of $16.53.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $193.13 million for the quarter, compared to analysts’ expectations of $189.66 million. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. As a group, equities analysts forecast that Mistras Group Inc will post 1.04 EPS for the current fiscal 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.