Mistras Group, Inc. (NYSE:MG) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Mistras Group, Inc. (NYSE:MG) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 453,389 shares of the technology company’s stock after purchasing an additional 4,014 shares during the period. Geode Capital Management LLC owned approximately 1.46% of Mistras Group worth $5,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Mistras Group by 13.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,988 shares of the technology company’s stock worth $688,000 after acquiring an additional 10,046 shares in the last quarter. Rhumbline Advisers increased its position in shares of Mistras Group by 12.3% in the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock valued at $218,000 after buying an additional 2,884 shares in the last quarter. American Century Companies Inc. increased its position in shares of Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after buying an additional 3,143 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Mistras Group by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after buying an additional 44,550 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Mistras Group by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company’s stock valued at $870,000 after acquiring an additional 11,100 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Stock Performance

NYSE:MG opened at $9.10 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $282.19 million, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 0.80 and a beta of 1.77. The firm has a 50-day moving average price of $9.17 and a two-hundred day moving average price of $9.89. Mistras Group, Inc. has a twelve month low of $7.22 and a twelve month high of $12.44.

Mistras Group Company Profile

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.