Nuveen LLC Invests $836,000 in Mistras Group Inc $MG

Nuveen LLC purchased a new position in shares of Mistras Group Inc (NYSE:MG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 79,017 shares of the technology company's stock, valued at approximately $836,000. Nuveen LLC owned 0.25% of Mistras Group at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MG. Barclays PLC boosted its holdings in Mistras Group by 5.2% during the 4th quarter. Barclays PLC now owns 39,706 shares of the technology company's stock valued at $359,000 after acquiring an additional 1,946 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Mistras Group by 19.1% in the 4th 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 during the period. BNP Paribas Financial Markets raised its position in shares of Mistras Group by 10.6% during the 4th quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company's stock worth $262,000 after acquiring an additional 2,764 shares in the last quarter. CWM LLC raised its position in shares of Mistras Group by 194.3% during 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. Finally, Tower Research Capital LLC TRC raised its position in shares of Mistras Group by 447.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company's stock worth $49,000 after acquiring an additional 4,396 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Mistras Group Price Performance

Shares of Mistras Group stock traded down $0.06 during trading on Friday, reaching $9.73. The company's stock had a trading volume of 93,364 shares, compared to its average volume of 120,350. The business has a 50 day moving average price of $8.62 and a 200-day moving average price of $8.81. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $306.95 million, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. Mistras Group Inc has a 12-month low of $7.06 and a 12-month high of $12.44.

Mistras Group (NYSE:MG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $185.41 million for the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a return on equity of 9.37% and a net margin of 1.64%. As a group, sell-side 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.