Royce & Associates LP Purchases 71,490 Shares of Mistras Group Inc $MG

Royce & Associates LP increased its position in shares of Mistras Group Inc (NYSE:MG) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,342,747 shares of the technology company’s stock after acquiring an additional 71,490 shares during the quarter. Royce & Associates LP’s holdings in Mistras Group were worth $13,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Mistras Group in the first quarter valued at approximately $256,000. Empowered Funds LLC lifted its holdings in shares of Mistras Group by 7.3% during the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock valued at $2,307,000 after purchasing an additional 14,786 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Mistras Group by 64.6% in the 1st quarter. Voya Investment Management LLC now owns 22,449 shares of the technology company’s stock worth $238,000 after purchasing an additional 8,807 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Mistras Group during the 2nd quarter worth $81,000. Finally, CSM Advisors LLC acquired a new position in Mistras Group during the 2nd quarter valued at about $2,917,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Wall Street Analysts Forecast Growth

MG has been the subject of several recent analyst reports. UBS Group set a $16.00 price target on Mistras Group in a report on Thursday, November 20th. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Zacks Research raised shares of Mistras Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mistras Group presently has an average rating of “Buy” and an average target price of $16.00.

Mistras Group Trading Down 1.7%

Shares of NYSE:MG opened at $14.15 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 0.89. Mistras Group Inc has a 52-week low of $7.06 and a 52-week high of $14.70. The stock has a market cap of $446.43 million, a price-to-earnings ratio of 24.40, a PEG ratio of 0.90 and a beta of 0.91. The business has a 50-day moving average price of $12.79 and a 200-day moving average price of $10.66.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.20. Mistras Group had a net margin of 2.55% and a return on equity of 13.10%. The company had revenue of $195.55 million for the quarter, compared to the consensus estimate of $189.94 million. Equities analysts predict that Mistras Group Inc will post 0.71 EPS for the current year.

Mistras Group 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.