Goldman Sachs Group Inc. Has $793,000 Position in Mistras Group Inc $MG

Key Points

• Goldman Sachs Group Inc. reduced its stake in Mistras Group Inc. by 27.6%, now holding 74,949 shares worth approximately $793,000.
• Several hedge funds altered their positions in Mistras Group, with notable increases from Public Employees Retirement System of Ohio and CWM LLC, the latter boosting its holdings by 194.3% in the 1st quarter.
• Mistras Group has seen an analyst rating upgrade from "hold" to "buy" as of September 5th, reflecting growing confidence in the company's performance.

Goldman Sachs Group Inc. lessened its position in Mistras Group Inc (NYSE:MG - Free Report) by 27.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,949 shares of the technology company's stock after selling 28,542 shares during the period. Goldman Sachs Group Inc. owned about 0.24% of Mistras Group worth $793,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in Mistras Group by 19.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company's stock valued at $136,000 after buying an additional 2,400 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 10.6% in the fourth quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company's stock valued at $262,000 after acquiring an additional 2,764 shares during the last quarter. CWM LLC boosted its holdings in shares of Mistras Group by 194.3% in the 1st quarter. CWM LLC now owns 4,553 shares of the technology company's stock worth $48,000 after acquiring an additional 3,006 shares in the last quarter. EntryPoint Capital LLC grew its position in Mistras Group by 35.9% during the 1st quarter. EntryPoint Capital LLC now owns 15,305 shares of the technology company's stock worth $162,000 after acquiring an additional 4,041 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Mistras Group by 25.5% during the 4th quarter. Jane Street Group LLC now owns 22,822 shares of the technology company's stock valued at $207,000 after purchasing an additional 4,632 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company's stock.

Wall Street Analyst Weigh In

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

Mistras Group Stock Up 1.3%

NYSE:MG opened at $9.91 on Wednesday. The company has a market cap of $312.54 million, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.54 and a current ratio of 1.66. The stock's fifty day moving average price is $8.99 and its two-hundred day moving average price is $8.80. Mistras Group Inc has a 52-week low of $7.06 and a 52-week high of $12.44.

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

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.

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