Barclays PLC Raises Stock Position in Mistras Group, Inc. (NYSE:MG)

Barclays PLC grew its holdings in Mistras Group, Inc. (NYSE:MG) by 118.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,760 shares of the technology company’s stock after purchasing an additional 20,482 shares during the quarter. Barclays PLC owned 0.12% of Mistras Group worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MG. Rhumbline Advisers grew its stake in Mistras Group by 12.3% during the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,884 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Mistras Group by 27.6% in the 2nd 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 during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Mistras Group by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after buying an additional 3,327 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock worth $4,317,000 after buying an additional 3,593 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Mistras Group by 0.9% in the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after acquiring an additional 4,014 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

Shares of MG stock opened at $9.63 on Friday. The company has a market cap of $298.53 million, a P/E ratio of 27.51, a PEG ratio of 0.65 and a beta of 1.77. The firm has a fifty day moving average price of $9.10 and a 200 day moving average price of $9.99. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. Mistras Group, Inc. has a 12 month low of $7.45 and a 12 month high of $12.44.

Mistras Group 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.