Rutabaga Capital Management LLC MA Lowers Holdings in Mistras Group Inc (MG)

Rutabaga Capital Management LLC MA lessened its holdings in shares of Mistras Group Inc (NYSE:MG) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 731,925 shares of the technology company’s stock after selling 33,146 shares during the period. Mistras Group comprises approximately 4.0% of Rutabaga Capital Management LLC MA’s holdings, making the stock its 9th biggest position. Rutabaga Capital Management LLC MA’s holdings in Mistras Group were worth $17,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Mistras Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after purchasing an additional 34,319 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mistras Group by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after purchasing an additional 57,126 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Mistras Group by 3.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock worth $21,194,000 after purchasing an additional 31,053 shares during the last quarter. Rockefeller Financial Services Inc. raised its holdings in shares of Mistras Group by 6.8% during the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after acquiring an additional 54,502 shares during the period. Finally, Engine Capital Management LLC raised its holdings in shares of Mistras Group by 22.6% during the 3rd quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after acquiring an additional 70,218 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Mistras Group from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. Goldman Sachs Group lowered Mistras Group from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $45.00 to $41.00 in a report on Monday, October 16th. Stephens set a $24.00 price target on Mistras Group and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $22.00 price target on shares of Mistras Group in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Mistras Group has a consensus rating of “Hold” and an average target price of $33.38.

In related news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were 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 in the company, valued at approximately $883,750.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 44.70% of the stock is currently owned by insiders.

Shares of Mistras Group Inc (MG) opened at $19.86 on Monday. The stock has a market cap of $561.85, a PE ratio of 35.46 and a beta of 1.18. Mistras Group Inc has a fifty-two week low of $17.00 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.21 and a quick ratio of 2.08.

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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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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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