Deutsche Bank AG Makes New Investment in Mistras Group Inc $MG

Key Points

• Deutsche Bank acquired 389,488 shares of Mistras Group in the second quarter, worth approximately $6.8 million and representing about 1.22% of the company. Institutional investors collectively own 74.92% of MG.
• Mistras Group reported quarterly EPS of $0.28, beating analyst estimates of $0.24, while revenue of $193.13 million also exceeded expectations.
• Analyst sentiment is mixed, with one Buy rating and two Hold ratings; the stock has an average rating of Hold and an average price target of $19.00. Shares opened at $19.12, near their 12-month high of $20.20.

Deutsche Bank AG bought a new stake in Mistras Group Inc (NYSE:MG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 389,488 shares of the technology company's stock, valued at approximately $6,804,000. Deutsche Bank AG owned about 1.22% of Mistras Group at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mistras Group during the first quarter worth $256,000. Empowered Funds LLC increased its stake in Mistras Group by 7.3% in the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company's stock valued at $2,307,000 after buying an additional 14,786 shares during the period. American Century Companies Inc. raised its position in Mistras Group by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 47,498 shares of the technology company's stock worth $380,000 after buying an additional 9,312 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Mistras Group by 33.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company's stock worth $1,228,000 after buying an additional 38,366 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Mistras Group by 141.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company's stock worth $896,000 after acquiring an additional 65,551 shares during the period. Institutional investors and hedge funds own 74.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MG shares. Zacks Research lowered shares of Mistras Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 8th. Roth Capital started coverage on shares of Mistras Group in a research report on Thursday, April 30th. They issued a "buy" rating and a $22.00 price objective for the company. Wall Street Zen lowered Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised Mistras Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.00.

Mistras Group Trading Up 0.8%

Shares of MG opened at $19.12 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The firm's 50-day moving average is $17.03 and its two-hundred day moving average is $16.56. Mistras Group Inc has a twelve month low of $9.35 and a twelve month high of $20.20. The firm has a market capitalization of $608.94 million, a P/E ratio of 23.03, a PEG ratio of 1.14 and a beta of 0.89.

Mistras Group (NYSE:MG - Get Free Report) last issued its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $193.13 million during the quarter, compared to analysts' expectations of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. On average, research analysts predict that Mistras Group Inc will post 1.04 earnings per share for the current fiscal year.

About Mistras Group

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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