Mistras Group, Inc. (NYSE:MG) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its holdings in Mistras Group, Inc. (NYSE:MG - Free Report) by 76.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,075 shares of the technology company's stock after buying an additional 94,984 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.71% of Mistras Group worth $1,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC lifted its holdings in Mistras Group by 118.5% in the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company's stock valued at $430,000 after purchasing an additional 20,482 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Mistras Group by 554.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company's stock valued at $711,000 after purchasing an additional 52,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mistras Group by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company's stock valued at $13,240,000 after purchasing an additional 102,665 shares in the last quarter. Empowered Funds LLC lifted its holdings in Mistras Group by 5.1% in the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company's stock valued at $1,842,000 after purchasing an additional 9,788 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Mistras Group by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company's stock valued at $578,000 after purchasing an additional 2,033 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th.

Insider Transactions at Mistras Group

In related news, Director Nicholas Debenedictis acquired 10,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the acquisition, the director now directly owns 217,511 shares in the company, valued at approximately $2,140,308.24. The trade was a 4.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.80% of the company's stock.

Mistras Group Price Performance

NYSE:MG opened at $8.07 on Friday. The firm has a market cap of $252.64 million, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.42. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The company's 50-day moving average is $9.47 and its two-hundred day moving average is $9.45. 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 announced its quarterly earnings data on Wednesday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). The company had revenue of $161.62 million for the quarter, compared to analysts' expectations of $180.70 million. Mistras Group had a return on equity of 9.32% and a net margin of 1.52%. Research analysts expect that Mistras Group, Inc. will post 0.71 EPS for the current year.

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.

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