Mistras Group Inc $MG Shares Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management boosted its stake in Mistras by 285.7% in Q4, adding 63,703 shares to hold 86,003 shares (about 0.27%) worth $1.09M, while institutional investors collectively own roughly 74.9% of the company.
• Analyst sentiment is positive with a consensus "Buy" rating and a $16 price target; Zacks recently upgraded Mistras to a "strong-buy," leaving one Strong Buy and one Hold among published ratings.
• Mistras reported quarterly results that beat expectations (earnings $0.25 vs. $0.20 consensus; revenue $181.46M) and the stock is trading near its 52‑week high (~$17.09 vs. $17.35), with a market cap of about $544M and a P/E of 32.25.

Ritholtz Wealth Management lifted its position in shares of Mistras Group Inc (NYSE:MG - Free Report) by 285.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,003 shares of the technology company's stock after buying an additional 63,703 shares during the period. Ritholtz Wealth Management owned approximately 0.27% of Mistras Group worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Mistras Group by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,633,327 shares of the technology company's stock worth $16,072,000 after buying an additional 10,186 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Mistras Group by 5.6% during the 3rd quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company's stock worth $13,213,000 after buying an additional 71,490 shares during the last quarter. Acuitas Investments LLC increased its holdings in shares of Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company's stock worth $6,332,000 after buying an additional 219,421 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Mistras Group during the 3rd quarter worth approximately $4,650,000. Finally, Bridgeway Capital Management LLC increased its position in shares of Mistras Group by 2.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 418,737 shares of the technology company's stock worth $3,354,000 after purchasing an additional 11,599 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MG shares. Weiss Ratings reissued a "hold (c)" rating on shares of Mistras Group in a research report on Thursday, January 22nd. Zacks Research raised Mistras Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mistras Group presently has a consensus rating of "Buy" and a consensus price target of $16.00.

Mistras Group Stock Up 0.2%

Mistras Group stock opened at $17.09 on Wednesday. Mistras Group Inc has a fifty-two week low of $7.06 and a fifty-two week high of $17.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74. The firm has a 50 day moving average price of $14.96 and a 200 day moving average price of $13.02. The company has a market capitalization of $543.80 million, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74.

Mistras Group (NYSE:MG - Get Free Report) last posted its earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. The firm had revenue of $181.46 million during the quarter, compared to the consensus estimate of $176.27 million. Research analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current year.

Mistras Group Profile

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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