225,494 Shares in Mistras Group Inc $MG Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Mistras Group Inc (NYSE:MG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 225,494 shares of the technology company’s stock, valued at approximately $3,939,000. Empowered Funds LLC owned 0.71% of Mistras Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MG. Dynamic Technology Lab Private Ltd acquired a new position in shares of Mistras Group during the first quarter worth $256,000. American Century Companies Inc. raised its stake in shares of Mistras Group by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 47,498 shares of the technology company’s stock valued at $380,000 after purchasing an additional 9,312 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Mistras Group by 33.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company’s stock valued at $1,228,000 after purchasing an additional 38,366 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Mistras Group by 141.7% during the second quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company’s stock worth $896,000 after purchasing an additional 65,551 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position 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 worth $114,000 after purchasing an additional 2,183 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on MG shares. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Wall Street Zen cut Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Mistras Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mistras Group presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Mistras Group Price Performance

Shares of NYSE:MG opened at $18.76 on Tuesday. The company has a market cap of $597.51 million, a PE ratio of 22.60, a P/E/G ratio of 1.11 and a beta of 0.89. Mistras Group Inc has a fifty-two week low of $9.35 and a fifty-two week high of $20.20. The firm has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $16.71. 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 (NYSE:MG) last issued its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The firm had revenue of $193.13 million for the quarter, compared to analysts’ expectations of $189.66 million. On average, sell-side analysts anticipate that Mistras Group Inc will post 1.04 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.