Royce & Associates LP Increases Holdings in Mistras Group Inc $MG

Royce & Associates LP increased its holdings in shares of Mistras Group Inc (NYSE:MG) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,421,087 shares of the technology company’s stock after acquiring an additional 78,340 shares during the period. Royce & Associates LP’s holdings in Mistras Group were worth $17,977,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Torren Management LLC acquired a new position in Mistras Group in the 4th quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in Mistras Group in the 3rd quarter worth $33,000. BNP Paribas Financial Markets lifted its holdings in Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Mistras Group by 18.2% in the 2nd quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock worth $114,000 after buying an additional 2,183 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Mistras Group in the 2nd quarter worth $136,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MG. Roth Mkm began coverage on shares of Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective on the stock. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.00.

Mistras Group Price Performance

Shares of NYSE:MG opened at $18.25 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.81 and a debt-to-equity ratio of 0.80. Mistras Group Inc has a fifty-two week low of $7.22 and a fifty-two week high of $19.56. The firm has a 50-day simple moving average of $16.71 and a 200 day simple moving average of $14.61. The company has a market cap of $580.72 million, a PE ratio of 26.07, a P/E/G ratio of 1.03 and a beta of 0.92.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The business had revenue of $169.03 million during the quarter, compared to the consensus estimate of $164.25 million. On average, sell-side analysts anticipate that Mistras Group Inc will post 1.05 EPS for the current year.

About Mistras Group

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.