Laurion Capital Management LP Acquires New Stake in Mistras Group Inc (MG)

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Laurion Capital Management LP acquired a new stake in shares of Mistras Group Inc (NYSE:MG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 138,481 shares of the technology company’s stock, valued at approximately $3,001,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernzott Capital Advisors grew its position in Mistras Group by 16.4% in the second quarter. Bernzott Capital Advisors now owns 984,906 shares of the technology company’s stock valued at $18,595,000 after acquiring an additional 139,031 shares during the period. Renaissance Technologies LLC grew its position in Mistras Group by 81.9% in the second quarter. Renaissance Technologies LLC now owns 286,100 shares of the technology company’s stock valued at $5,402,000 after acquiring an additional 128,800 shares during the period. Citadel Advisors LLC grew its position in Mistras Group by 474.7% in the second quarter. Citadel Advisors LLC now owns 137,228 shares of the technology company’s stock valued at $2,591,000 after acquiring an additional 113,349 shares during the period. Millennium Management LLC grew its position in Mistras Group by 145.2% in the second quarter. Millennium Management LLC now owns 178,166 shares of the technology company’s stock valued at $3,364,000 after acquiring an additional 105,503 shares during the period. Finally, Rutabaga Capital Management LLC MA grew its position in Mistras Group by 10.0% in the second quarter. Rutabaga Capital Management LLC MA now owns 921,404 shares of the technology company’s stock valued at $17,396,000 after acquiring an additional 84,024 shares during the period. Institutional investors and hedge funds own 58.58% of the company’s stock.

Mistras Group stock opened at $16.13 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.98 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $451.55 million, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. Mistras Group Inc has a 52 week low of $15.59 and a 52 week high of $23.83.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, November 5th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The business had revenue of $182.17 million during the quarter, compared to analyst estimates of $181.50 million. Mistras Group had a return on equity of 6.42% and a net margin of 1.17%. Research analysts anticipate that Mistras Group Inc will post 0.63 earnings per share for the current year.

MG has been the topic of a number of analyst reports. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 10th. ValuEngine cut Mistras Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Canaccord Genuity initiated coverage on Mistras Group in a research report on Wednesday, November 7th. They issued a “hold” rating and a $20.00 price target on the stock. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Mistras Group in a research report on Friday, November 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.33.

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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.

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

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