Stoneridge Investment Partners LLC Buys Shares of 12,308 Mistras Group Inc (NYSE:MG)

Stoneridge Investment Partners LLC acquired a new stake in shares of Mistras Group Inc (NYSE:MG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,308 shares of the technology company’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MG. Bank of New York Mellon Corp increased its position in Mistras Group by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 101,107 shares of the technology company’s stock worth $2,222,000 after purchasing an additional 10,444 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Mistras Group by 0.4% during the second quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock valued at $317,000 after acquiring an additional 63 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Mistras Group during the second quarter valued at about $260,000. Nationwide Fund Advisors increased its position in shares of Mistras Group by 5.8% during the second quarter. Nationwide Fund Advisors now owns 14,630 shares of the technology company’s stock valued at $321,000 after acquiring an additional 800 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Mistras Group by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 14,481 shares of the technology company’s stock valued at $318,000 after acquiring an additional 114 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Michael C. Keefe sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $22.80, for a total transaction of $91,200.00. Following the transaction, the executive vice president now directly owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 44.70% of the company’s stock.

Mistras Group Inc (MG) opened at $19.93 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.21 and a quick ratio of 2.08. Mistras Group Inc has a 12 month low of $17.00 and a 12 month high of $23.83. The stock has a market cap of $561.29, a price-to-earnings ratio of 35.43 and a beta of 1.18.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Mistras Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Stephens set a $24.00 price target on shares of Mistras Group and gave the stock a “hold” rating in a research note on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $22.00 price target on shares of Mistras Group in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $33.38.

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Mistras Group Profile

Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.

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

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