American Century Companies Inc. Purchases 5,812 Shares of Mistras Group Inc $MG

American Century Companies Inc. raised its position in Mistras Group Inc (NYSE:MG) by 18.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,186 shares of the technology company’s stock after buying an additional 5,812 shares during the quarter. American Century Companies Inc. owned about 0.12% of Mistras Group worth $404,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Mistras Group by 194.3% in the first quarter. CWM LLC now owns 4,553 shares of the technology company’s stock valued at $48,000 after buying an additional 3,006 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Mistras Group by 447.2% in the fourth 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 period. Heck Capital Advisors LLC bought a new stake in shares of Mistras Group in the fourth quarter valued at $50,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Mistras Group in the fourth quarter valued at $96,000. Finally, Voya Investment Management LLC bought a new stake in shares of Mistras Group in the fourth quarter valued at $124,000. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Price Performance

Shares of NYSE MG opened at $9.73 on Friday. Mistras Group Inc has a fifty-two week low of $7.06 and a fifty-two week high of $12.44. The stock has a fifty day moving average of $8.62 and a 200-day moving average of $8.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.54 and a current ratio of 1.66. The stock has a market cap of $306.95 million, a PE ratio of 26.30, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33.

Mistras Group (NYSE:MG) last posted its earnings results on Wednesday, August 6th. The technology company reported $0.19 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 business had revenue of $185.41 million during the quarter, compared to analysts’ expectations of $186.43 million. Equities research analysts anticipate that Mistras Group Inc will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Mistras Group from a “hold” rating to a “buy” rating in a research note on Friday.

About Mistras Group

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.