Strs Ohio Makes New Investment in Mistras Group Inc $MG

Key Points

• Strs Ohio has acquired a new stake in Mistras Group Inc, buying 49,300 shares valued at approximately $522,000, representing about 0.16% ownership of the company.
• Institutional investors hold a significant majority, with 74.92% of Mistras Group's stock owned by institutional investors and hedge funds.
• Mistras Group reported $0.19 EPS for the last quarter, surpassing expectations, although revenue fell slightly short of analyst predictions.

Strs Ohio acquired a new position in shares of Mistras Group Inc (NYSE:MG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,300 shares of the technology company's stock, valued at approximately $522,000. Strs Ohio owned about 0.16% of Mistras Group at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MG. Jane Street Group LLC raised its holdings in shares of Mistras Group by 25.5% in the fourth 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 during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Mistras Group by 225.6% in the fourth quarter. Ameriprise Financial Inc. now owns 160,087 shares of the technology company's stock valued at $1,450,000 after purchasing an additional 110,916 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 2,764 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Mistras Group by 3.0% in the fourth quarter. Deutsche Bank AG now owns 160,755 shares of the technology company's stock valued at $1,456,000 after purchasing an additional 4,655 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Mistras Group in the fourth quarter valued at about $274,000. Institutional investors and hedge funds own 74.92% of the company's stock.

Mistras Group Stock Performance

MG traded up $0.26 during trading on Monday, hitting $9.79. 173,774 shares of the company traded hands, compared to its average volume of 100,215. The firm has a market cap of $308.87 million, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The stock's fifty day moving average is $8.95 and its 200 day moving average is $8.79. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. Mistras Group Inc has a one year low of $7.06 and a one year high of $12.44.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mistras Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

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.