Truist Financial Corp Reduces Stock Position in Mistras Group, Inc. (NYSE:MG)

Truist Financial Corp lessened its position in shares of Mistras Group, Inc. (NYSE:MGGet Rating) by 78.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,354 shares of the technology company’s stock after selling 315,452 shares during the quarter. Truist Financial Corp’s holdings in Mistras Group were worth $390,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Mistras Group by 39.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,698 shares of the technology company’s stock valued at $106,000 after purchasing an additional 6,673 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Mistras Group by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,869 shares of the technology company’s stock valued at $171,000 after buying an additional 1,713 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Mistras Group by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,469 shares of the technology company’s stock valued at $254,000 after buying an additional 2,477 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Mistras Group in the 2nd quarter valued at about $273,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Mistras Group by 45.5% in the 1st quarter. Engineers Gate Manager LP now owns 43,939 shares of the technology company’s stock valued at $290,000 after buying an additional 13,733 shares during the period. Hedge funds and other institutional investors own 48.42% of the company’s stock.

Mistras Group Stock Performance

NYSE MG opened at $5.20 on Wednesday. The stock has a market capitalization of $155.45 million, a price-to-earnings ratio of 47.27 and a beta of 1.46. Mistras Group, Inc. has a twelve month low of $3.38 and a twelve month high of $7.27. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $4.64 and a 200 day moving average of $5.06.

Mistras Group (NYSE:MGGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.16 earnings per share for the quarter. The company had revenue of $178.46 million during the quarter. Mistras Group had a return on equity of 2.50% and a net margin of 0.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MG shares. StockNews.com raised Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Monday, January 16th. TheStreet cut Mistras Group from a “c-” rating to a “d” rating in a report on Thursday, November 3rd.

Mistras Group Company Profile

(Get Rating)

MISTRAS Group, Inc engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International Offers Services, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services.

Read More

Want to see what other hedge funds are holding MG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mistras Group, Inc. (NYSE:MGGet Rating).

Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.