Goldman Sachs Group Inc. Has $793,000 Stock Position in Mistras Group Inc $MG

Goldman Sachs Group Inc. cut its stake in shares of Mistras Group Inc (NYSE:MG) by 27.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,949 shares of the technology company’s stock after selling 28,542 shares during the period. Goldman Sachs Group Inc.’s holdings in Mistras Group were worth $793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MG. Banque Transatlantique SA bought a new position in Mistras Group during the first quarter worth about $47,000. CWM LLC raised its position in shares of Mistras Group by 194.3% in the 1st quarter. CWM LLC now owns 4,553 shares of the technology company’s stock valued at $48,000 after acquiring an additional 3,006 shares during the period. Heck Capital Advisors LLC bought a new position in Mistras Group during the 4th quarter worth approximately $50,000. State of Wyoming acquired a new position in Mistras Group during the first quarter valued at approximately $66,000. Finally, Ieq Capital LLC bought a new stake in Mistras Group in the first quarter valued at approximately $123,000. Institutional investors own 74.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mistras Group from a “hold” rating to a “buy” rating in a research report on Friday, September 5th.

Mistras Group Price Performance

NYSE MG opened at $9.91 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.54 and a current ratio of 1.66. The stock has a market cap of $312.54 million, a price-to-earnings ratio of 26.78, a PEG ratio of 0.91 and a beta of 1.33. The business has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.80. Mistras Group Inc has a 52-week low of $7.06 and a 52-week high of $12.44.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. The company had revenue of $185.41 million during the quarter, compared to analysts’ expectations of $186.43 million. Analysts anticipate that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

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.