Mistras Group Inc (NYSE:MG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in shares of Mistras Group Inc (NYSE:MG) by 44.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,738 shares of the technology company’s stock after selling 36,261 shares during the period. Two Sigma Investments LP owned 0.16% of Mistras Group worth $195,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. California Public Employees Retirement System lifted its stake in shares of Mistras Group by 57.4% during the fourth quarter. California Public Employees Retirement System now owns 24,123 shares of the technology company’s stock valued at $344,000 after buying an additional 8,800 shares during the period. Swiss National Bank raised its holdings in Mistras Group by 3.5% in the 4th quarter. Swiss National Bank now owns 35,700 shares of the technology company’s stock valued at $509,000 after acquiring an additional 1,200 shares during the last quarter. State Street Corp raised its holdings in Mistras Group by 4.8% in the 4th quarter. State Street Corp now owns 362,845 shares of the technology company’s stock valued at $5,178,000 after acquiring an additional 16,489 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mistras Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,483 shares of the technology company’s stock worth $1,563,000 after purchasing an additional 1,257 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Mistras Group by 102.1% during the fourth quarter. Barclays PLC now owns 18,193 shares of the technology company’s stock worth $260,000 after purchasing an additional 9,193 shares during the last quarter. Hedge funds and other institutional investors own 55.70% of the company’s stock.

Shares of Mistras Group stock opened at $3.95 on Wednesday. Mistras Group Inc has a 1-year low of $2.77 and a 1-year high of $16.95. The company has a market capitalization of $100.89 million, a PE ratio of -1.32 and a beta of 1.76. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.66 and a quick ratio of 1.53. The business has a 50-day moving average of $4.34 and a 200-day moving average of $7.54.

Mistras Group (NYSE:MG) last released its earnings results on Monday, May 18th. The technology company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.05). The business had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $151.00 million. Mistras Group had a negative net margin of 11.92% and a positive return on equity of 1.45%. On average, equities analysts expect that Mistras Group Inc will post -0.26 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 20th. Maxim Group cut shares of Mistras Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. ValuEngine raised Mistras Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. Credit Suisse Group upgraded Mistras Group to an “outperform” rating in a report on Monday, April 27th. Finally, Sidoti dropped their price target on Mistras Group from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Mistras Group currently has a consensus rating of “Hold” and an average target price of $15.00.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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

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