Mistras Group Inc (NYSE:MG) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE reduced its position in Mistras Group Inc (NYSE:MG - Free Report) by 79.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,362 shares of the technology company's stock after selling 82,909 shares during the period. Lawson Kroeker Investment Management Inc. NE owned approximately 0.07% of Mistras Group worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MG. Tower Research Capital LLC TRC raised its holdings in Mistras Group by 447.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company's stock valued at $49,000 after buying an additional 4,396 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group in the fourth quarter worth $50,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Mistras Group in the 4th quarter valued at $96,000. EntryPoint Capital LLC acquired a new position in shares of Mistras Group during the 4th quarter valued at $102,000. Finally, Voya Investment Management LLC acquired a new position in shares of Mistras Group during the 4th quarter valued at $124,000. 74.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Mistras Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

Mistras Group Stock Up 1.6%

Shares of NYSE MG traded up $0.13 on Friday, hitting $8.15. The company had a trading volume of 64,473 shares, compared to its average volume of 147,147. The company has a quick ratio of 1.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. Mistras Group Inc has a 12-month low of $7.06 and a 12-month high of $12.44. The firm has a market capitalization of $255.34 million, a P/E ratio of 17.34, a PEG ratio of 0.68 and a beta of 1.37. The business has a 50 day moving average of $7.99 and a two-hundred day moving average of $9.08.

Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). Mistras Group had a return on equity of 10.16% and a net margin of 2.10%. The company had revenue of $161.62 million during the quarter, compared to analysts' expectations of $180.70 million. As a group, equities research analysts forecast that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Mistras Group Company 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.