Mistras Group, Inc. (NYSE:MG) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in Mistras Group, Inc. (NYSE:MG) by 57.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,772 shares of the technology company’s stock after selling 52,723 shares during the period. Sterling Capital Management LLC owned about 0.13% of Mistras Group worth $351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trexquant Investment LP raised its position in shares of Mistras Group by 31.7% during the 4th quarter. Trexquant Investment LP now owns 27,619 shares of the technology company’s stock worth $250,000 after purchasing an additional 6,642 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mistras Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company’s stock worth $4,128,000 after acquiring an additional 2,143 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Mistras Group by 49.8% during the fourth quarter. JPMorgan Chase & Co. now owns 93,667 shares of the technology company’s stock worth $849,000 after purchasing an additional 31,155 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Mistras Group in the 4th quarter valued at $102,000. Finally, American Century Companies Inc. lifted its holdings in Mistras Group by 35.6% in the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock valued at $293,000 after purchasing an additional 8,499 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $9.31 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The business’s 50 day moving average price is $9.88 and its 200 day moving average price is $9.77. The company has a market cap of $291.46 million, a price-to-earnings ratio of 26.60, a PEG ratio of 0.73 and a beta of 1.34. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44.

Insider Activity

In other Mistras Group news, Director Nicholas Debenedictis acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the transaction, the director now owns 217,511 shares of the company’s stock, valued at approximately $2,140,308.24. The trade was a 4.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.30% 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.