The 1,084 Shares of Mistras Group Inc. (MG) are sold by Shell Asset Management Co.

The 1,084 Shares of Mistras Group Inc. (MG) are sold by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in Mistras Group Inc. (NYSE:MG) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 23,643 shares of the company’s stock after selling 1,084 shares during the period. Shell Asset Management Co. owned 0.08% of Mistras Group worth $555,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Mistras Group by 0.6% in the second quarter. American International Group Inc. now owns 9,875 shares of the company’s stock worth $236,000 after buying an additional 61 shares during the period. BLB&B Advisors LLC increased its position in shares of Mistras Group by 1.4% in the second quarter. BLB&B Advisors LLC now owns 15,908 shares of the company’s stock worth $380,000 after buying an additional 218 shares during the last quarter. A.R.T. Advisors LLC increased its position in shares of Mistras Group by 3.5% in the second quarter. A.R.T. Advisors LLC now owns 8,769 shares of the company’s stock worth $209,000 after buying an additional 300 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Mistras Group by 4.2% in the second quarter. BlackRock Advisors LLC now owns 8,381 shares of the company’s stock worth $200,000 after buying an additional 335 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Mistras Group by 3.1% in the second quarter. Nationwide Fund Advisors now owns 13,949 shares of the company’s stock worth $333,000 after buying an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 56.18% of the company’s stock.

Shares of Mistras Group Inc. (NYSE:MG) opened at 21.05 on Friday. The stock has a market cap of $614.34 million, a price-to-earnings ratio of 25.99 and a beta of 1.20. Mistras Group Inc. has a one year low of $18.13 and a one year high of $26.47. The company has a 50 day moving average of $22.43 and a 200-day moving average of $23.99.

Mistras Group (NYSE:MG) last released its earnings results on Thursday, October 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Mistras Group had a return on equity of 10.22% and a net margin of 3.44%. The company earned $168.40 million during the quarter. During the same period last year, the business posted $0.23 EPS. Mistras Group’s revenue was down 6.4% compared to the same quarter last year. On average, analysts anticipate that Mistras Group Inc. will post $0.92 earnings per share for the current year.

Several analysts have weighed in on the stock. TD Securities dropped their target price on shares of Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, July 11th. Zacks Investment Research upgraded shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday, July 22nd. CIBC boosted their target price on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Finally, Robert W. Baird upgraded shares of Mistras Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $27.00 to $28.00 in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Mistras Group currently has an average rating of “Hold” and a consensus target price of $41.75.

In other news, insider Dennis Bertolotti sold 21,000 shares of Mistras Group stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $24.97, for a total transaction of $524,370.00. Following the completion of the transaction, the insider now owns 101,062 shares of the company’s stock, valued at approximately $2,523,518.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Sotirios J. Vahaviolos sold 85,234 shares of Mistras Group stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $23.46, for a total value of $1,999,589.64. Following the transaction, the chairman now directly owns 11,483,211 shares of the company’s stock, valued at approximately $269,396,130.06. The disclosure for this sale can be found here. 45.60% of the stock is owned by company insiders.

Mistras Group Company Profile

Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.

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