Jacobs Levy Equity Management Inc. Purchases 94,984 Shares of Mistras Group, Inc. (NYSE:MG)

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

A number of other hedge funds have also bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Mistras Group by 447.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company's stock worth $49,000 after buying an additional 4,396 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the 4th quarter worth $50,000. EntryPoint Capital LLC purchased a new stake in Mistras Group in the 4th quarter worth about $102,000. Voya Investment Management LLC purchased a new stake in Mistras Group in the 4th quarter worth about $124,000. Finally, Algert Global LLC bought a new stake in Mistras Group in the 4th quarter valued at about $139,000. 74.92% of the stock is currently owned by institutional investors.

Insider Activity

In other Mistras Group news, Director Nicholas Debenedictis purchased 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were purchased at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the purchase, the director now owns 217,511 shares of the company's stock, valued at $2,140,308.24. The trade was a 4.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.30% of the company's stock.

Mistras Group Stock Performance

MG traded down $0.05 on Wednesday, hitting $7.79. The company's stock had a trading volume of 20,653 shares, compared to its average volume of 133,044. The company's 50 day simple moving average is $9.35 and its 200-day simple moving average is $9.40. The firm has a market cap of $244.06 million, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 0.73 and a beta of 1.42. Mistras Group, Inc. has a 12 month low of $7.06 and a 12 month high of $12.44. 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 (NYSE:MG - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $180.70 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. Analysts forecast that Mistras Group, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Mistras Group from a "buy" rating to a "hold" rating in a research report on Saturday.

Mistras Group 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.