Mistras Group, Inc. (NYSE:MG) Stake Lessened by Invesco Ltd.

Invesco Ltd. lessened its position in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 87.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,663 shares of the technology company's stock after selling 339,839 shares during the quarter. Invesco Ltd. owned approximately 0.15% of Mistras Group worth $423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MG. Heck Capital Advisors LLC acquired a new position in Mistras Group during the fourth quarter worth about $50,000. EntryPoint Capital LLC purchased a new stake in Mistras Group in the 4th quarter valued at approximately $102,000. Trexquant Investment LP grew its holdings in Mistras Group by 31.7% during the 4th quarter. Trexquant Investment LP now owns 27,619 shares of the technology company's stock valued at $250,000 after buying an additional 6,642 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Mistras Group by 35.6% in the fourth quarter. American Century Companies Inc. now owns 32,374 shares of the technology company's stock worth $293,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new stake in shares of Mistras Group in the fourth quarter valued at $417,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Trading Down 1.4 %

Shares of MG stock traded down $0.13 during mid-day trading on Wednesday, hitting $9.46. 145,330 shares of the company's stock were exchanged, compared to its average volume of 128,332. The stock has a market cap of $296.15 million, a price-to-earnings ratio of 27.03, a PEG ratio of 0.73 and a beta of 1.42. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Mistras Group, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The stock has a 50-day simple moving average of $9.71 and a two-hundred day simple moving average of $9.58.

Mistras Group (NYSE:MG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. Equities analysts expect that Mistras Group, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th.

Insider Buying and Selling

In other news, Director Nicholas Debenedictis bought 10,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the acquisition, the director now owns 217,511 shares of the company's stock, valued at $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.30% of the stock is currently owned by company insiders.

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.