Acuitas Investments LLC Has $6.33 Million Stake in Mistras Group Inc $MG

Acuitas Investments LLC grew its position in Mistras Group Inc (NYSE:MG) by 51.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 643,483 shares of the technology company’s stock after purchasing an additional 219,421 shares during the period. Mistras Group comprises about 4.1% of Acuitas Investments LLC’s portfolio, making the stock its 3rd largest position. Acuitas Investments LLC owned approximately 2.04% of Mistras Group worth $6,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invenomic Capital Management LP bought a new stake in shares of Mistras Group in the 3rd quarter valued at $4,650,000. Millennium Management LLC grew its stake in Mistras Group by 48.9% in the third quarter. Millennium Management LLC now owns 357,513 shares of the technology company’s stock valued at $3,518,000 after acquiring an additional 117,334 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Mistras Group in the second quarter worth about $781,000. Bank of America Corp DE increased its holdings in shares of Mistras Group by 397.1% in the third quarter. Bank of America Corp DE now owns 112,560 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 89,916 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Mistras Group during the third quarter worth about $846,000. 74.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MG shares. Zacks Research upgraded Mistras Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. UBS Group set a $16.00 target price on shares of Mistras Group in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.00.

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $14.67 on Wednesday. Mistras Group Inc has a 52 week low of $7.06 and a 52 week high of $15.84. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $14.47 and a 200-day moving average price of $12.22. The company has a market cap of $463.48 million, a PE ratio of 27.67, a price-to-earnings-growth ratio of 0.87 and a beta of 0.86.

Mistras Group (NYSE:MG) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The company had revenue of $181.46 million for the quarter, compared to analysts’ expectations of $176.27 million. Equities analysts anticipate that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Mistras Group Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.