Ritholtz Wealth Management Sells 1,814 Shares of Mistras Group Inc (NYSE:MG)

Ritholtz Wealth Management trimmed its position in Mistras Group Inc (NYSE:MG) by 7.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 23,898 shares of the technology company’s stock after selling 1,814 shares during the period. Ritholtz Wealth Management owned 0.08% of Mistras Group worth $253,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Mistras Group in the 4th quarter valued at $50,000. Mackenzie Financial Corp bought a new position in shares of Mistras Group in the 4th quarter valued at $126,000. Public Employees Retirement System of Ohio lifted its stake in shares of Mistras Group by 19.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company’s stock valued at $136,000 after acquiring an additional 2,400 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Mistras Group by 75.1% in the 4th quarter. Squarepoint Ops LLC now owns 67,820 shares of the technology company’s stock valued at $614,000 after acquiring an additional 29,086 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Mistras Group in the 4th quarter valued at $96,000. 74.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Mistras Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

Mistras Group Stock Performance

NYSE MG opened at $7.56 on Friday. The company has a market capitalization of $236.79 million, a price-to-earnings ratio of 16.08, a PEG ratio of 0.63 and a beta of 1.37. Mistras Group Inc has a twelve month low of $7.06 and a twelve month high of $12.44. The stock has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $9.16. 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 posted its quarterly earnings data on Wednesday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The company had revenue of $161.62 million during the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a net margin of 2.10% and a return on equity of 10.16%. Sell-side analysts expect that Mistras Group Inc will post 0.71 EPS for the current year.

Mistras Group 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.