Mistras Group, Inc. (NYSE:MG) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in Mistras Group, Inc. (NYSE:MGFree Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,255 shares of the technology company’s stock after selling 10,553 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.28% of Mistras Group worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Mistras Group by 554.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after purchasing an additional 52,960 shares in the last quarter. Barclays PLC boosted its position in shares of Mistras Group by 118.5% in the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock worth $430,000 after buying an additional 20,482 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mistras Group by 0.9% during the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after buying an additional 4,014 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Mistras Group by 193.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after buying an additional 8,298 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Mistras Group in the 3rd quarter valued at about $151,000. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Stock Up 1.6 %

MG stock opened at $10.06 on Friday. The company has a 50 day moving average of $9.14 and a two-hundred day moving average of $10.02. Mistras Group, Inc. has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a market cap of $311.81 million, a price-to-earnings ratio of 28.73, a PEG ratio of 0.70 and a beta of 1.77. 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:MGGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The business had revenue of $182.69 million for the quarter, compared to the consensus estimate of $185.04 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities analysts anticipate that Mistras Group, Inc. will post 0.71 earnings per share for the current fiscal year.

About Mistras Group

(Free Report)

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.

See Also

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

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