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.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Equities Focus and is the sole property of of Equities Focus. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.equitiesfocus.com/2018/12/08/laurion-capital-management-lp-acquires-new-stake-in-mistras-group-inc-mg.html.
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.
See Also: Marijuana Stocks
Want to see what other hedge funds are holding MG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mistras Group Inc (NYSE:MG).
Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.