Michael C. Keefe Sells 4,000 Shares of Mistras Group Inc (MG) Stock

Mistras Group Inc (NYSE:MG) EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the sale, the executive vice president now directly owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Mistras Group Inc (MG) traded down $0.23 during trading hours on Thursday, hitting $22.49. The stock had a trading volume of 75,400 shares, compared to its average volume of 77,498. The company has a market capitalization of $642.77, a P/E ratio of 40.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. Mistras Group Inc has a 1 year low of $17.00 and a 1 year high of $26.46.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $179.57 million for the quarter, compared to the consensus estimate of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. sell-side analysts expect that Mistras Group Inc will post 0.46 EPS for the current year.

Several research firms have commented on MG. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 target price on the stock in a report on Saturday, November 11th. Canaccord Genuity upped their price target on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Goldman Sachs Group downgraded Mistras Group from a “neutral” rating to a “sell” rating and lowered their price target for the company from $45.00 to $41.00 in a report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Finally, Robert W. Baird downgraded Mistras Group from an “outperform” rating to a “neutral” rating and upped their price target for the company from $21.00 to $22.00 in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Mistras Group presently has a consensus rating of “Hold” and an average price target of $34.71.

Large investors have recently made changes to their positions in the company. Lapides Asset Management LLC purchased a new stake in Mistras Group during the third quarter valued at $531,000. Uniplan Investment Counsel Inc. increased its position in Mistras Group by 13.8% during the second quarter. Uniplan Investment Counsel Inc. now owns 273,936 shares of the technology company’s stock valued at $6,018,000 after acquiring an additional 33,137 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Mistras Group by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 61,464 shares of the technology company’s stock valued at $1,315,000 after acquiring an additional 3,078 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Mistras Group during the second quarter valued at $452,000. Finally, Vanguard Group Inc. increased its position in Mistras Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock valued at $30,460,000 after acquiring an additional 34,319 shares during the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

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