Mistras Group Inc $MG Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of Mistras Group Inc (NYSE:MG) by 64.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,449 shares of the technology company’s stock after buying an additional 8,807 shares during the quarter. Voya Investment Management LLC owned approximately 0.07% of Mistras Group worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Acuitas Investments LLC raised its stake in shares of Mistras Group by 45.1% during the 1st quarter. Acuitas Investments LLC now owns 424,062 shares of the technology company’s stock worth $4,487,000 after buying an additional 131,798 shares during the last quarter. Invesco Ltd. lifted its holdings in Mistras Group by 521.1% in the 1st quarter. Invesco Ltd. now owns 289,838 shares of the technology company’s stock valued at $3,066,000 after purchasing an additional 243,175 shares in the last quarter. Empowered Funds LLC lifted its holdings in Mistras Group by 7.3% in the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock valued at $2,307,000 after purchasing an additional 14,786 shares in the last quarter. Deutsche Bank AG lifted its holdings in Mistras Group by 4.5% in the 1st quarter. Deutsche Bank AG now owns 167,988 shares of the technology company’s stock valued at $1,777,000 after purchasing an additional 7,233 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Mistras Group by 41.9% in the 4th quarter. Millennium Management LLC now owns 99,763 shares of the technology company’s stock valued at $904,000 after purchasing an additional 29,454 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Mistras Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th.

Insider Transactions at Mistras Group

In other Mistras Group news, EVP Eileen Mary Coggins bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average price of $9.55 per share, with a total value of $143,250.00. Following the transaction, the executive vice president owned 15,000 shares in the company, valued at $143,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

Mistras Group Trading Up 2.1%

NYSE MG opened at $9.88 on Tuesday. Mistras Group Inc has a 12 month low of $7.06 and a 12 month high of $12.44. The company has a 50-day moving average of $9.13 and a 200-day moving average of $8.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.54. The company has a market cap of $311.60 million, a P/E ratio of 26.70, a P/E/G ratio of 0.90 and a beta of 1.33.

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

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.