Nuveen LLC Invests $836,000 in Mistras Group Inc $MG

Nuveen LLC purchased a new stake in Mistras Group Inc (NYSE:MG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 79,017 shares of the technology company’s stock, valued at approximately $836,000. Nuveen LLC owned 0.25% of Mistras Group at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its stake in Mistras Group by 5.2% during the 4th quarter. Barclays PLC now owns 39,706 shares of the technology company’s stock valued at $359,000 after acquiring an additional 1,946 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in 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 period. BNP Paribas Financial Markets raised its stake in Mistras Group by 10.6% in the 4th quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company’s stock valued at $262,000 after acquiring an additional 2,764 shares during the period. CWM LLC raised its stake in Mistras Group by 194.3% in the 1st quarter. CWM LLC now owns 4,553 shares of the technology company’s stock valued at $48,000 after acquiring an additional 3,006 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Mistras Group by 447.2% during 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 in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Mistras Group from a “buy” rating to a “hold” rating in a report on Sunday, August 17th.

Mistras Group Price Performance

MG opened at $9.59 on Wednesday. Mistras Group Inc has a 12-month low of $7.06 and a 12-month high of $12.44. The company has a current ratio of 1.66, a quick ratio of 1.54 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $8.82. The company has a market cap of $302.31 million, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Mistras Group had a return on equity of 9.37% and a net margin of 1.64%.The firm had revenue of $185.41 million during the quarter, compared to analyst estimates of $186.43 million. Research analysts predict that Mistras Group Inc will post 0.71 earnings per share for the current fiscal 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.