Raiffeisen Bank International AG Invests $431,000 in Mistras Group Inc $MG

Raiffeisen Bank International AG bought a new position in shares of Mistras Group Inc (NYSE:MG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,000 shares of the technology company’s stock, valued at approximately $431,000.

A number of other institutional investors also recently bought and sold shares of MG. CSM Advisors LLC acquired a new position in shares of Mistras Group during the 2nd quarter worth about $2,917,000. Campbell & CO Investment Adviser LLC acquired a new position in Mistras Group in the second quarter valued at approximately $81,000. Voya Investment Management LLC increased its stake in Mistras Group by 64.6% in the first quarter. Voya Investment Management LLC now owns 22,449 shares of the technology company’s stock valued at $238,000 after purchasing an additional 8,807 shares during the last quarter. Inspire Investing LLC acquired a new stake in Mistras Group during the first quarter worth approximately $817,000. Finally, Strs Ohio purchased a new stake in shares of Mistras Group during the 1st quarter worth approximately $522,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Stock Down 1.3%

Shares of NYSE:MG opened at $11.70 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.54. The stock has a market cap of $369.08 million, a P/E ratio of 31.62, a P/E/G ratio of 0.90 and a beta of 1.26. Mistras Group Inc has a 1-year low of $7.06 and a 1-year high of $13.43. The firm has a fifty day moving average price of $10.28 and a 200 day moving average price of $9.00.

Mistras Group (NYSE:MG) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.20. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. The business had revenue of $195.55 million during the quarter, compared to analysts’ expectations of $189.94 million. Sell-side analysts predict that Mistras Group Inc will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on MG shares. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Insider Buying and Selling at Mistras Group

In related news, EVP Eileen Mary Coggins bought 15,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were acquired at an average price of $9.55 per share, with a total value of $143,250.00. Following the completion of the acquisition, the executive vice president owned 15,000 shares in the company, valued at approximately $143,250. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.