Rockefeller Capital Management L.P. Purchases New Holdings in Mistras Group Inc (MG)

Rockefeller Capital Management L.P. purchased a new stake in Mistras Group Inc (NYSE:MG) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 856,689 shares of the technology company’s stock, valued at approximately $16,226,000. Rockefeller Capital Management L.P. owned approximately 3.03% of Mistras Group as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock valued at $23,949,000 after buying an additional 57,126 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Mistras Group by 3.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock worth $21,194,000 after purchasing an additional 31,053 shares in the last quarter. Rockefeller Financial Services Inc. boosted its stake in Mistras Group by 6.8% in the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after purchasing an additional 54,502 shares in the last quarter. Comerica Bank boosted its stake in Mistras Group by 3.9% in the 1st quarter. Comerica Bank now owns 138,541 shares of the technology company’s stock worth $2,793,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Mistras Group by 17.7% in the 4th quarter. Sterling Capital Management LLC now owns 122,306 shares of the technology company’s stock worth $2,871,000 after purchasing an additional 18,411 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

MG stock opened at $19.23 on Monday. The company has a quick ratio of 2.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.65. Mistras Group Inc has a 52 week low of $17.00 and a 52 week high of $23.83. The company has a market capitalization of $544.87 million, a P/E ratio of 40.92, a P/E/G ratio of 0.84 and a beta of 1.16.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, May 7th. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Mistras Group had a negative net margin of 0.13% and a positive return on equity of 5.10%. The business had revenue of $187.63 million for the quarter, compared to analyst estimates of $176.31 million. equities research analysts forecast that Mistras Group Inc will post 0.78 EPS for the current fiscal year.

In other Mistras Group news, Director Wayne Curtis Weldon sold 2,823 shares of Mistras Group stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $19.55, for a total transaction of $55,189.65. Following the completion of the sale, the director now directly owns 9,207 shares in the company, valued at approximately $179,996.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 43.50% of the company’s stock.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Mistras Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Bank of America cut shares of Mistras Group from a “neutral” rating to an “underperform” rating in a research note on Friday, May 11th. TheStreet cut shares of Mistras Group from a “b” rating to a “c-” rating in a research note on Tuesday, May 8th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $22.00 target price on shares of Mistras Group in a research note on Tuesday, March 13th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Mistras Group presently has a consensus rating of “Hold” and an average target price of $26.20.

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 engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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

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