First Eagle Investment Management LLC Takes Position in Mistras Group Inc $MG

First Eagle Investment Management LLC acquired a new stake in shares of Mistras Group Inc (NYSE:MG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,219 shares of the technology company’s stock, valued at approximately $977,000.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Mistras Group by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,633,327 shares of the technology company’s stock valued at $16,072,000 after purchasing an additional 10,186 shares in the last quarter. Weber Capital Management LLC ADV bought a new position in shares of Mistras Group during the 4th quarter valued at about $18,749,000. Royce & Associates LP boosted its position in shares of Mistras Group by 5.6% during the 3rd quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company’s stock valued at $13,213,000 after purchasing an additional 71,490 shares in the last quarter. Acuitas Investments LLC boosted its position in shares of Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock valued at $6,332,000 after purchasing an additional 219,421 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of Mistras Group during the 3rd quarter valued at about $4,650,000. Institutional investors own 74.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MG. Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Roth Mkm initiated coverage on shares of Mistras Group in a research note on Thursday, April 30th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.00.

Mistras Group Price Performance

NYSE MG opened at $16.93 on Friday. The company has a 50 day simple moving average of $16.28 and a 200-day simple moving average of $14.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67. The firm has a market capitalization of $538.62 million, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.92. Mistras Group Inc has a 52-week low of $7.22 and a 52-week high of $19.56.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $169.03 million during the quarter, compared to analyst estimates of $164.25 million. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. Equities research analysts predict that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.