Bailard Inc. Makes New $315,000 Investment in Mistras Group Inc (NYSE:MG)

Bailard Inc. acquired a new position in shares of Mistras Group Inc (NYSE:MG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,200 shares of the technology company’s stock, valued at approximately $315,000.

A number of other institutional investors have also recently made changes to their positions in the business. Prudential Financial Inc. raised its position in Mistras Group by 9.0% during the 2nd quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock worth $157,000 after buying an additional 900 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Mistras Group by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock worth $305,000 after buying an additional 1,965 shares during the last quarter. Balter Liquid Alternatives LLC raised its position in Mistras Group by 3.3% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 80,737 shares of the technology company’s stock worth $1,160,000 after buying an additional 2,613 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Mistras Group by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 102,977 shares of the technology company’s stock worth $1,480,000 after buying an additional 3,035 shares during the last quarter. Finally, Swiss National Bank raised its position in Mistras Group by 10.6% during the 2nd quarter. Swiss National Bank now owns 34,500 shares of the technology company’s stock worth $496,000 after buying an additional 3,300 shares during the last quarter. Institutional investors own 58.50% of the company’s stock.

Shares of MG opened at $14.69 on Wednesday. The company has a 50-day simple moving average of $15.06 and a 200-day simple moving average of $14.54. The company has a quick ratio of 1.60, a current ratio of 1.72 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $426.12 million, a PE ratio of 26.71, a P/E/G ratio of 1.35 and a beta of 1.22. Mistras Group Inc has a 52-week low of $12.19 and a 52-week high of $20.51.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $200.62 million during the quarter, compared to the consensus estimate of $192.70 million. Mistras Group had a net margin of 0.01% and a return on equity of 4.13%. On average, research analysts anticipate that Mistras Group Inc will post 0.65 EPS for the current year.

MG has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Mistras Group in a research report on Thursday, June 27th. They set a “neutral” rating and a $55.00 price objective for the company. ValuEngine upgraded shares of Mistras Group from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Zacks Investment Research downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a report on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.17.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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

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