Sterling Capital Management LLC Has $351,000 Stock Holdings in Mistras Group, Inc. (NYSE:MG)

Sterling Capital Management LLC cut its position in Mistras Group, Inc. (NYSE:MG - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,772 shares of the technology company's stock after selling 52,723 shares during the period. Sterling Capital Management LLC owned 0.13% of Mistras Group worth $351,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MG. Royce & Associates LP raised its position in Mistras Group by 9.4% in the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company's stock valued at $13,064,000 after purchasing an additional 124,270 shares during the last quarter. Geode Capital Management LLC lifted its position in Mistras Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company's stock worth $4,128,000 after buying an additional 2,143 shares in the last quarter. State Street Corp grew its holdings in Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company's stock worth $3,611,000 after acquiring an additional 14,651 shares during the last quarter. Empowered Funds LLC grew its holdings in Mistras Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company's stock worth $1,842,000 after acquiring an additional 9,788 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Mistras Group by 49.8% in the 4th quarter. JPMorgan Chase & Co. now owns 93,667 shares of the technology company's stock valued at $849,000 after acquiring an additional 31,155 shares in the last quarter. Institutional investors own 74.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Mistras Group Trading Down 2.3 %

Shares of NYSE MG traded down $0.22 during midday trading on Friday, hitting $9.07. The stock had a trading volume of 13,461 shares, compared to its average volume of 140,313. The firm has a market cap of $283.79 million, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Mistras Group, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The company's 50-day simple moving average is $9.81 and its 200 day simple moving average is $9.72.

Insider Buying and Selling

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

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.