Manatuck Hill Partners LLC Buys New Shares in Mistras Group Inc $MG

Key Points

• Manatuck Hill Partners LLC initiated a position in Mistras Group by purchasing 71,900 shares valued at approximately $1.26 million, representing about 0.23% of the company. Institutional investors collectively own 74.92% of Mistras Group.
• Mistras Group reported quarterly EPS of $0.28, exceeding estimates of $0.24, while revenue of $193.13 million also topped forecasts. Analysts project full-year EPS of $1.04.
• Analyst sentiment is mixed, with one Buy and two Hold ratings; the stock carries an overall “Hold” consensus and a $19 target price. Shares recently opened at $19.01, near the company’s 12-month high of $20.20.

Manatuck Hill Partners LLC purchased a new position in shares of Mistras Group Inc (NYSE:MG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 71,900 shares of the technology company's stock, valued at approximately $1,256,000. Manatuck Hill Partners LLC owned approximately 0.23% of Mistras Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Weber Capital Management LLC ADV bought a new stake in Mistras Group during the 2nd quarter valued at about $25,299,250,000. BlackRock Inc. bought a new position in shares of Mistras Group in the second quarter worth about $20,373,000. IES Holdings Inc. bought a new position in shares of Mistras Group in the fourth quarter worth approximately $13,660,000. Deutsche Bank AG bought a new position in Mistras Group in the 2nd quarter worth $6,804,000. Finally, JB Capital Partners LP bought a new position in shares of Mistras Group in the second quarter worth about $3,533,185,000. Hedge funds and other institutional investors own 74.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MG. Roth Capital started coverage on shares of Mistras Group in a research note on Thursday, April 30th. They set a "buy" rating and a $22.00 target price for the company. Zacks Research cut Mistras Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 8th. Wall Street Zen downgraded Mistras Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised Mistras Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.00.

Mistras Group Stock Performance

MG stock opened at $19.01 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The business's fifty day simple moving average is $17.04 and its two-hundred day simple moving average is $16.60. Mistras Group Inc has a twelve month low of $9.35 and a twelve month high of $20.20. The firm has a market cap of $605.47 million, a price-to-earnings ratio of 22.90, a PEG ratio of 1.15 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 firm had revenue of $193.13 million during the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. Analysts predict that Mistras Group Inc will post 1.04 earnings per share for the current 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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