Empowered Funds LLC Boosts Stock Position in Mistras Group, Inc. (NYSE:MG)

Empowered Funds LLC raised its stake in Mistras Group, Inc. (NYSE:MG) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,302 shares of the technology company’s stock after purchasing an additional 9,788 shares during the period. Empowered Funds LLC owned 0.66% of Mistras Group worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MG. Mill Road Capital Management LLC lifted its holdings in shares of Mistras Group by 4.7% during the third quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock worth $18,182,000 after purchasing an additional 72,025 shares during the period. JPMorgan Chase & Co. lifted its holdings in Mistras Group by 554.4% in the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock valued at $711,000 after acquiring an additional 52,960 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Mistras Group by 43.1% in the third quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company’s stock valued at $1,112,000 after acquiring an additional 29,457 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Mistras Group by 29.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 124,091 shares of the technology company’s stock valued at $1,411,000 after acquiring an additional 27,950 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Mistras Group by 516.2% in the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after acquiring an additional 21,919 shares during the period. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

Mistras Group Stock Down 0.5 %

Mistras Group stock opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group, Inc. has a 12 month low of $7.45 and a 12 month high of $12.44. The stock has a market capitalization of $312.12 million, a PE ratio of 28.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. The business has a 50 day simple moving average of $9.41 and a 200-day simple moving average of $10.12.

About Mistras Group

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.