Ritholtz Wealth Management Cuts Position in Mistras Group Inc $MG

Ritholtz Wealth Management lessened its holdings in Mistras Group Inc (NYSE:MG) by 36.4% during the second quarter, Holdings Channel.com reports. The firm owned 15,188 shares of the technology company’s stock after selling 8,710 shares during the quarter. Ritholtz Wealth Management’s holdings in Mistras Group were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MG. Acuitas Investments LLC grew its holdings in shares of Mistras Group by 45.1% during the first quarter. Acuitas Investments LLC now owns 424,062 shares of the technology company’s stock valued at $4,487,000 after buying an additional 131,798 shares during the last quarter. CWM LLC grew its holdings in shares of Mistras Group by 194.3% during the first quarter. CWM LLC now owns 4,553 shares of the technology company’s stock valued at $48,000 after buying an additional 3,006 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Mistras Group by 4.5% during the first quarter. Deutsche Bank AG now owns 167,988 shares of the technology company’s stock valued at $1,777,000 after buying an additional 7,233 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Mistras Group by 521.1% during the first quarter. Invesco Ltd. now owns 289,838 shares of the technology company’s stock valued at $3,066,000 after buying an additional 243,175 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Mistras Group during the first quarter valued at approximately $836,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Up 0.8%

Shares of Mistras Group stock opened at $9.73 on Thursday. The company has a market cap of $306.92 million, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 0.90 and a beta of 1.27. The company’s 50 day moving average is $9.60 and its 200 day moving average is $8.73. Mistras Group Inc has a twelve month low of $7.06 and a twelve month high of $11.45. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $185.41 million for the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. Research analysts anticipate that Mistras Group Inc will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other Mistras Group news, EVP Eileen Mary Coggins purchased 15,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were acquired at an average cost of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the transaction, the executive vice president owned 15,000 shares of the company’s stock, valued at approximately $143,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

MG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Mistras Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.