Prudential Financial Inc. Acquires 900 Shares of Mistras Group Inc (NYSE:MG)

Prudential Financial Inc. increased its holdings in Mistras Group Inc (NYSE:MG) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,919 shares of the technology company’s stock after acquiring an additional 900 shares during the quarter. Prudential Financial Inc.’s holdings in Mistras Group were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Stone Ridge Asset Management LLC boosted its position in Mistras Group by 17.8% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 24,747 shares of the technology company’s stock worth $356,000 after purchasing an additional 3,732 shares in the last quarter. Mycio Wealth Partners LLC increased its stake in Mistras Group by 66.7% during the second quarter. Mycio Wealth Partners LLC now owns 25,000 shares of the technology company’s stock valued at $359,000 after acquiring an additional 10,000 shares during the period. Great Lakes Advisors LLC increased its stake in Mistras Group by 14.5% during the second quarter. Great Lakes Advisors LLC now owns 245,720 shares of the technology company’s stock valued at $3,531,000 after acquiring an additional 31,142 shares during the period. Swiss National Bank increased its stake in Mistras Group by 10.6% during the second quarter. Swiss National Bank now owns 34,500 shares of the technology company’s stock valued at $496,000 after acquiring an additional 3,300 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Mistras Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock valued at $305,000 after acquiring an additional 1,965 shares during the period. Institutional investors own 58.58% of the company’s stock.

Several analysts have commented on the stock. TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a research report on Wednesday, June 26th. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine raised shares of Mistras Group from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Credit Suisse Group initiated coverage on shares of Mistras Group in a report on Thursday, June 27th. They set a “neutral” rating and a $55.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.



Mistras Group stock traded up $0.12 during midday trading on Wednesday, reaching $16.23. 1,685 shares of the stock were exchanged, compared to its average volume of 110,060. The company’s fifty day moving average is $15.47 and its 200-day moving average is $14.44. The firm has a market cap of $459.98 million, a PE ratio of 29.43, a PEG ratio of 1.45 and a beta of 1.21. Mistras Group Inc has a 52 week low of $12.38 and a 52 week high of $22.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.60 and a current ratio of 1.72.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, August 5th. The technology company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $200.62 million during the quarter, compared to analysts’ expectations of $192.70 million. Mistras Group had a net margin of 0.01% and a return on equity of 4.13%. On average, sell-side analysts anticipate that Mistras Group Inc will post 0.65 earnings per share for the current fiscal year.

Mistras Group Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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