Citadel Advisors LLC decreased its position in Mistras Group Inc (NYSE:MG) by 61.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 53,350 shares of the technology company’s stock after selling 83,878 shares during the quarter. Citadel Advisors LLC owned 0.19% of Mistras Group worth $1,156,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new stake in shares of Mistras Group in the 3rd quarter worth about $158,000. We Are One Seven LLC acquired a new position in Mistras Group during the 3rd quarter worth about $217,000. Engineers Gate Manager LP acquired a new position in Mistras Group during the 2nd quarter worth about $215,000. Seizert Capital Partners LLC acquired a new position in Mistras Group during the 3rd quarter worth about $252,000. Finally, California Public Employees Retirement System acquired a new position in Mistras Group during the 2nd quarter worth about $232,000. 58.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MG opened at $14.14 on Tuesday. The stock has a market cap of $418.73 million, a P/E ratio of 32.91, a P/E/G ratio of 0.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.98 and a current ratio of 2.09. Mistras Group Inc has a 12-month low of $14.08 and a 12-month high of $23.83.
Mistras Group (NYSE:MG) last released its earnings results on Monday, November 5th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Mistras Group had a net margin of 1.17% and a return on equity of 6.42%. The business had revenue of $182.17 million for the quarter, compared to analyst estimates of $181.50 million. On average, sell-side analysts forecast that Mistras Group Inc will post 0.63 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. ValuEngine downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. BMO Capital Markets reiterated a “buy” rating on shares of Mistras Group in a research report on Friday, November 9th. Finally, Canaccord Genuity assumed coverage on shares of Mistras Group in a research report on Wednesday, November 7th. They set a “hold” rating and a $20.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.33.
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 engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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