Wealth Enhancement Advisory Services LLC Sells 5,940 Shares of Mistras Group Inc (NYSE:MG)

Wealth Enhancement Advisory Services LLC trimmed its position in Mistras Group Inc (NYSE:MG) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,690 shares of the technology company’s stock after selling 5,940 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Mistras Group were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MG. Tower Research Capital LLC TRC grew its stake in Mistras Group by 447.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company’s stock valued at $49,000 after buying an additional 4,396 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Mistras Group during the 4th quarter worth approximately $50,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Mistras Group during the 4th quarter worth approximately $96,000. EntryPoint Capital LLC acquired a new position in shares of Mistras Group during the 4th quarter worth approximately $102,000. Finally, Voya Investment Management LLC acquired a new position in shares of Mistras Group during the 4th quarter worth approximately $124,000. 74.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Mistras Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th.

Mistras Group Stock Performance

Shares of NYSE:MG opened at $7.65 on Wednesday. The company’s 50 day moving average price is $8.35 and its two-hundred day moving average price is $9.19. Mistras Group Inc has a 12-month low of $7.06 and a 12-month high of $12.44. The firm has a market cap of $239.52 million, a PE ratio of 16.27, a PEG ratio of 0.64 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.88.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The firm had revenue of $161.62 million during the quarter, compared to the consensus estimate of $180.70 million. Mistras Group had a net margin of 2.10% and a return on equity of 10.16%. Equities research analysts predict that Mistras Group Inc will post 0.71 earnings per share for the current year.

Mistras Group Company 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.