Comerica Bank increased its stake in shares of Mistras Group Inc (NYSE:MG) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,341 shares of the technology company’s stock after purchasing an additional 46,432 shares during the quarter. Comerica Bank owned approximately 0.47% of Mistras Group worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MG. Wells Fargo & Company MN increased its position in Mistras Group by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock worth $317,000 after purchasing an additional 63 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Mistras Group in the 2nd quarter worth about $260,000. Nationwide Fund Advisors boosted its stake in Mistras Group by 5.8% in the 2nd quarter. Nationwide Fund Advisors now owns 14,630 shares of the technology company’s stock worth $321,000 after buying an additional 800 shares during the last quarter. Citigroup Inc. boosted its stake in Mistras Group by 964.9% in the 2nd quarter. Citigroup Inc. now owns 4,728 shares of the technology company’s stock worth $104,000 after buying an additional 4,284 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Mistras Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after buying an additional 34,319 shares during the last quarter. Hedge funds and other institutional investors own 63.11% of the company’s stock.
MG has been the topic of a number of research analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $22.00 price target on shares of Mistras Group in a research note on Friday, December 22nd. Zacks Investment Research lowered Mistras Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Stephens set a $24.00 price target on Mistras Group and gave the stock a “hold” rating in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Mistras Group has an average rating of “Hold” and a consensus target price of $33.38.
In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the sale, the executive vice president now directly owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 44.70% of the stock is currently owned by company insiders.
Shares of Mistras Group Inc (NYSE:MG) opened at $19.63 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.41. Mistras Group Inc has a 52 week low of $17.00 and a 52 week high of $23.83. The stock has a market capitalization of $567.79, a PE ratio of 140.22 and a beta of 1.18.
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Mistras Group Profile
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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