Manatuck Hill Partners LLC Makes New Investment in Mistras Group Inc $MG

Manatuck Hill Partners LLC purchased a new stake in Mistras Group Inc (NYSE:MG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 71,900 shares of the technology company’s stock, valued at approximately $1,256,000.

Other hedge funds have also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Mistras Group during the fourth quarter valued at approximately $28,000. Legal & General Group Plc bought a new position in Mistras Group in the second quarter worth approximately $30,000. State of Wyoming purchased a new stake in Mistras Group during the second quarter worth $71,000. BNP Paribas Financial Markets lifted its holdings in Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in Mistras Group during the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $19.01 on Wednesday. The firm has a market capitalization of $605.47 million, a P/E ratio of 22.90, a PEG ratio of 1.15 and a beta of 0.89. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average price of $17.04 and a 200 day moving average price of $16.60. Mistras Group Inc has a 52 week low of $9.35 and a 52 week high of $20.20.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The business had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. Sell-side analysts expect that Mistras Group Inc will post 1.04 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MG. Weiss Ratings raised Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Roth Capital began coverage on shares of Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.00.

Mistras Group Profile

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.