PEAK6 Investments L.P. increased its stake in shares of Mistras Group Inc (NYSE:MG) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,222 shares of the technology company’s stock after buying an additional 15,322 shares during the period. PEAK6 Investments L.P. owned about 0.14% of Mistras Group worth $897,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in Mistras Group during the fourth quarter worth about $322,000. Teachers Advisors LLC boosted its holdings in Mistras Group by 17.1% during the fourth quarter. Teachers Advisors LLC now owns 40,337 shares of the technology company’s stock worth $947,000 after buying an additional 5,879 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Mistras Group during the fourth quarter worth about $329,000. Deutsche Bank AG boosted its holdings in Mistras Group by 130.0% during the fourth quarter. Deutsche Bank AG now owns 39,695 shares of the technology company’s stock worth $930,000 after buying an additional 22,438 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in Mistras Group during the fourth quarter worth about $204,000. 62.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MG opened at $19.58 on Friday. Mistras Group Inc has a 12-month low of $17.00 and a 12-month high of $23.83. The stock has a market capitalization of $551.67, a price-to-earnings ratio of 45.53 and a beta of 1.13. The company has a current ratio of 2.16, a quick ratio of 2.05 and a debt-to-equity ratio of 0.64.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, March 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). Mistras Group had a negative net margin of 0.31% and a positive return on equity of 4.97%. The business had revenue of $187.64 million during the quarter, compared to analysts’ expectations of $182.16 million. equities analysts predict that Mistras Group Inc will post 0.84 EPS for the current fiscal year.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. Stephens set a $24.00 price target on shares of Mistras Group and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $22.00 price target on shares of Mistras Group in a report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.17.
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About Mistras Group
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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