Cubist Systematic Strategies LLC Acquires Shares of 39,829 Mistras Group Inc $MG

Key Points

• Cubist Systematic Strategies LLC recently acquired 39,829 shares of Mistras Group Inc (NYSE: MG), worth approximately $421,000, representing about 0.13% ownership of the company.
• Mistras Group reported an earnings per share (EPS) of $0.19, exceeding analysts' expectations of $0.17, despite slightly missing revenue projections.
• The company's stock has a current market cap of $300.42 million and a P/E ratio of 25.74, with shares recently trading at $9.53.

Cubist Systematic Strategies LLC acquired a new position in Mistras Group Inc (NYSE:MG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 39,829 shares of the technology company's stock, valued at approximately $421,000. Cubist Systematic Strategies LLC owned approximately 0.13% of Mistras Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MG. CWM LLC lifted its holdings in Mistras Group by 194.3% in the 1st quarter. CWM LLC now owns 4,553 shares of the technology company's stock valued at $48,000 after purchasing an additional 3,006 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Mistras Group in the 4th quarter valued at about $50,000. State of Wyoming purchased a new position in Mistras Group in the 1st quarter valued at about $66,000. Sherbrooke Park Advisers LLC purchased a new position in Mistras Group in the 4th quarter valued at about $96,000. Finally, Ieq Capital LLC purchased a new position in Mistras Group in the 1st quarter valued at about $123,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mistras Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

Mistras Group Trading Down 2.5%

Shares of MG stock traded down $0.25 during trading hours on Friday, hitting $9.48. 73,894 shares of the company were exchanged, compared to its average volume of 97,228. The firm has a market cap of $298.84 million, a PE ratio of 25.61, a PEG ratio of 0.91 and a beta of 1.33. Mistras Group Inc has a 1 year low of $7.06 and a 1 year high of $12.44. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $8.77 and a 200 day moving average of $8.81.

Mistras Group (NYSE:MG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $185.41 million during the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. Analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current year.

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.