Arrowstreet Capital Limited Partnership Sells 106,272 Shares of Mistras Group, Inc. (NYSE:MG)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Mistras Group, Inc. (NYSE:MG) by 49.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,530 shares of the technology company’s stock after selling 106,272 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.35% of Mistras Group worth $983,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MG. Bank of New York Mellon Corp increased its position in Mistras Group by 3.3% in 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 buying an additional 2,033 shares in the last quarter. Geode Capital Management LLC grew its stake in Mistras Group by 0.9% in the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after acquiring an additional 4,014 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Mistras Group during the fourth quarter valued at approximately $50,000. Public Employees Retirement System of Ohio raised its position in shares of Mistras Group by 193.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock worth $143,000 after purchasing an additional 8,298 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Mistras Group by 35.6% in the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock worth $293,000 after purchasing an additional 8,499 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

Insider Buying and Selling at Mistras Group

In other news, Director Nicholas Debenedictis bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were purchased at an average price of $9.84 per share, with a total value of $98,400.00. Following the transaction, the director now directly owns 217,511 shares in the company, valued at $2,140,308.24. This represents a 4.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.30% of the company’s stock.

Mistras Group Stock Up 1.7 %

MG stock opened at $9.36 on Friday. The stock’s 50 day moving average is $9.95 and its 200-day moving average is $9.84. Mistras Group, Inc. has a twelve month low of $7.45 and a twelve month high of $12.44. The firm has a market capitalization of $290.46 million, a PE ratio of 26.74, a P/E/G ratio of 0.73 and a beta of 1.34. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

Mistras Group Company 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.