472,536 Shares in Mistras Group Inc $MG Purchased by Invenomic Capital Management LP

Key Points

• Invenomic Capital Management LP bought 472,536 shares (~$4.65M) of Mistras Group (NYSE:MG) in the third quarter, representing about 1.50% of the company.
• Institutional ownership is high at 74.92%, with multiple funds (e.g., Empowered Funds, LSV Asset Management, Raiffeisen) recently initiating or increasing stakes.
• Analysts carry an average Buy rating with a consensus price target of $16.00; Mistras recently beat quarterly EPS and revenue estimates and trades around $14.61 with a market cap of roughly $462M and a P/E of 27.6.

Invenomic Capital Management LP bought a new stake in Mistras Group Inc (NYSE:MG - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 472,536 shares of the technology company's stock, valued at approximately $4,650,000. Invenomic Capital Management LP owned approximately 1.50% of Mistras Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MG. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mistras Group in the 1st quarter worth approximately $256,000. Empowered Funds LLC raised its holdings in Mistras Group by 7.3% during the first quarter. Empowered Funds LLC now owns 218,088 shares of the technology company's stock worth $2,307,000 after purchasing an additional 14,786 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Mistras Group during the second quarter worth $81,000. Raiffeisen Bank International AG purchased a new stake in Mistras Group during the second quarter worth $431,000. Finally, LSV Asset Management grew its holdings in Mistras Group by 130.8% in the second quarter. LSV Asset Management now owns 51,001 shares of the technology company's stock valued at $409,000 after purchasing an additional 28,901 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MG. UBS Group set a $16.00 price target on Mistras Group in a research report on Thursday, November 20th. Zacks Research upgraded shares of Mistras Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mistras Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $16.00.

Mistras Group Price Performance

Shares of NYSE:MG opened at $14.61 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74. The business's fifty day moving average price is $14.45 and its two-hundred day moving average price is $12.19. The stock has a market cap of $461.58 million, a PE ratio of 27.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.86. Mistras Group Inc has a one year low of $7.06 and a one year high of $15.84.

Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The company had revenue of $181.46 million during the quarter, compared to analysts' expectations of $176.27 million. On average, analysts forecast that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company's offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.

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