Mistras Group Inc (MG) Director Purchases $114,050.00 in Stock
Mistras Group Inc (NYSE:MG) Director Manuel N. Stamatakis bought 5,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were bought at an average cost of $22.81 per share, with a total value of $114,050.00. Following the transaction, the director now directly owns 48,676 shares of the company’s stock, valued at $1,110,299.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Mistras Group Inc (NYSE MG) opened at 17.96 on Monday. The company has a market capitalization of $507.37 million, a PE ratio of 38.21 and a beta of 1.15. The stock has a 50 day moving average price of $20.08 and a 200 day moving average price of $21.32. Mistras Group Inc has a 52-week low of $17.00 and a 52-week high of $26.46.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. The firm had revenue of $170.44 million for the quarter, compared to the consensus estimate of $170.16 million. On average, analysts predict that Mistras Group Inc will post $0.50 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its stake in Mistras Group by 964.9% in the second quarter. Citigroup Inc. now owns 4,728 shares of the technology company’s stock valued at $104,000 after buying an additional 4,284 shares during the period. Victory Capital Management Inc. increased its position in shares of Mistras Group by 66.6% in the first quarter. Victory Capital Management Inc. now owns 4,955 shares of the technology company’s stock worth $106,000 after buying an additional 1,981 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Mistras Group during the second quarter worth approximately $199,000. California Public Employees Retirement System acquired a new position in shares of Mistras Group during the second quarter worth approximately $204,000. Finally, American International Group Inc. increased its position in shares of Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock worth $226,000 after buying an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 60.60% of the company’s stock.
MG has been the subject of a number of recent analyst reports. Zacks Investment Research cut Mistras Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.00 target price on shares of Mistras Group in a research report on Friday, May 12th. Canaccord Genuity decreased their target price on Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, August 10th. Robert W. Baird decreased their target price on Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.40.
About Mistras Group
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