Mistras Group, Inc. (NYSE:MG) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 225.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,087 shares of the technology company's stock after purchasing an additional 110,916 shares during the period. Ameriprise Financial Inc. owned approximately 0.52% of Mistras Group worth $1,450,000 at the end of the most recent reporting period.

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A number of other large investors have also added to or reduced their stakes in MG. Heck Capital Advisors LLC acquired a new position in Mistras Group during the 4th quarter valued at about $50,000. Empowered Funds LLC boosted its stake in Mistras Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company's stock valued at $1,842,000 after purchasing an additional 9,788 shares during the period. Bank of New York Mellon Corp boosted its stake in Mistras Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company's stock valued at $578,000 after purchasing an additional 2,033 shares during the period. Inspire Advisors LLC acquired a new stake in shares of Mistras Group in the 4th quarter worth approximately $417,000. Finally, Royce & Associates LP lifted its stake in shares of Mistras Group by 9.4% in the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company's stock worth $13,064,000 after acquiring an additional 124,270 shares during the period. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Stock Up 2.3%

NYSE MG opened at $7.56 on Friday. Mistras Group, Inc. has a 12 month low of $7.06 and a 12 month high of $12.44. The company's 50 day simple moving average is $8.90 and its 200 day simple moving average is $9.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The company has a market capitalization of $236.85 million, a P/E ratio of 21.60, a PEG ratio of 0.73 and a beta of 1.42.

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Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). The firm had revenue of $161.62 million for the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. Equities research analysts expect that Mistras Group, Inc. will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mistras Group news, Director Nicholas Debenedictis bought 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now directly owns 217,511 shares of the company's stock, valued at approximately $2,140,308.24. The trade was a 4.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.80% of the company's stock.

Analysts Set New Price Targets

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Separately, Wall Street Zen lowered shares of Mistras Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

Read Our Latest Research Report on MG

Mistras Group Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.

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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 - Free Report).

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