Uniplan Investment Counsel Inc. Has $6.02 Million Stake in Mistras Group Inc (MG)

Uniplan Investment Counsel Inc. increased its stake in shares of Mistras Group Inc (NYSE:MG) by 13.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 273,936 shares of the technology company’s stock after acquiring an additional 33,137 shares during the period. Uniplan Investment Counsel Inc. owned 0.96% of Mistras Group worth $6,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Mistras Group by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock valued at $317,000 after acquiring an additional 63 shares during the last quarter. American International Group Inc. increased its holdings in shares of Mistras Group by 7.0% during the 1st quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after acquiring an additional 694 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Mistras Group by 1.9% during the 4th quarter. Teachers Advisors LLC now owns 41,818 shares of the technology company’s stock valued at $1,074,000 after acquiring an additional 785 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Mistras Group by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,829 shares of the technology company’s stock valued at $128,000 after acquiring an additional 874 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Mistras Group by 14.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock valued at $307,000 after acquiring an additional 1,825 shares during the last quarter. 60.60% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on MG shares. Zacks Investment Research lowered Mistras Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Robert W. Baird lowered their price objective on Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. Canaccord Genuity lowered their price objective on Mistras Group from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, August 10th. BidaskClub lowered Mistras Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of Mistras Group in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $34.40.

Shares of Mistras Group Inc (MG) traded down 1.02% during mid-day trading on Tuesday, hitting $20.36. The stock had a trading volume of 3,818 shares. The stock has a 50 day moving average of $19.19 and a 200-day moving average of $21.04. Mistras Group Inc has a 52 week low of $17.00 and a 52 week high of $26.46. The stock has a market capitalization of $575.17 million, a P/E ratio of 43.32 and a beta of 1.17.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07. The business had revenue of $170.44 million during the quarter, compared to the consensus estimate of $170.16 million. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%. On average, equities research analysts predict that Mistras Group Inc will post $0.50 earnings per share for the current year.

In other news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $21.08, for a total value of $2,000,007.16. Following the transaction, the chairman now owns 10,651,632 shares of the company’s stock, valued at $224,536,402.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Sotirios J. Vahaviolos sold 90,490 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total value of $1,922,912.50. Following the completion of the transaction, the chairman now directly owns 10,561,142 shares in the company, valued at approximately $224,424,267.50. The disclosure for this sale can be found here. Insiders sold 189,829 shares of company stock worth $4,003,459 in the last 90 days. Corporate insiders own 44.70% of the company’s stock.

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Mistras Group Profile

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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