Equitable Holdings Inc. Takes $1.51 Million Position in Mistras Group Inc $MG

Equitable Holdings Inc. purchased a new stake in Mistras Group Inc (NYSE:MG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 86,445 shares of the technology company’s stock, valued at approximately $1,510,000.

Other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in Mistras Group by 17.8% during the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after buying an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares during the last quarter. First Trust Advisors LP raised its position in shares of Mistras Group by 2.5% during the fourth quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock worth $720,000 after acquiring an additional 1,396 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Mistras Group during the second quarter valued at $30,000. Finally, Raymond James Financial Inc. lifted its stake 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 acquiring an additional 2,183 shares during the period. Institutional investors own 74.92% of the company’s stock.

Analyst Upgrades and Downgrades

MG has been the subject of a number of research reports. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded 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 company. According to data from MarketBeat.com, Mistras Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Mistras Group Stock Down 3.8%

NYSE:MG opened at $18.52 on Friday. 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 12-month low of $9.35 and a 12-month high of $20.20. The stock’s fifty day simple moving average is $17.07 and its 200-day simple moving average is $16.67. The firm has a market capitalization of $589.86 million, a P/E ratio of 22.31, a P/E/G ratio of 1.16 and a beta of 0.89.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 EPS 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 business had revenue of $193.13 million during the quarter, compared to the consensus estimate of $189.66 million. Equities research analysts expect that Mistras Group Inc will post 1.04 earnings per share 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.