39,829 Shares in Mistras Group Inc $MG Acquired by Cubist Systematic Strategies LLC

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 bought a new stake in shares of Mistras Group Inc (NYSE:MG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 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 at the end of the most recent quarter.

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

Mistras Group Trading Down 0.3%

Shares of Mistras Group stock traded down $0.03 during mid-day trading on Tuesday, hitting $9.52. 74,197 shares of the stock were exchanged, compared to its average volume of 94,861. Mistras Group Inc has a twelve month low of $7.06 and a twelve month high of $12.44. The stock has a market capitalization of $300.26 million, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The company has a 50-day simple moving average of $8.83 and a 200 day simple moving average of $8.80. The company has a current ratio of 1.66, a quick ratio of 1.54 and a debt-to-equity ratio of 0.89.

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

Analyst Ratings Changes

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

About Mistras Group

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.