Weber Capital Management LLC ADV Purchases New Stake in Mistras Group Inc $MG

Weber Capital Management LLC ADV acquired a new stake in shares of Mistras Group Inc (NYSE:MG) during the second quarter, Holdings Channel reports. The fund acquired 1,448,154 shares of the technology company’s stock, valued at approximately $25,299,250,000. Mistras Group comprises about 21.5% of Weber Capital Management LLC ADV’s portfolio, making the stock its 2nd biggest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. JB Capital Partners LP acquired a new position in Mistras Group during the 2nd quarter worth $3,533,185,000. BlackRock Inc. acquired a new stake in shares of Mistras Group in the 2nd quarter valued at about $20,373,000. Deutsche Bank AG acquired a new stake in shares of Mistras Group in the 2nd quarter valued at about $6,804,000. Bank of New York Mellon Corp bought a new position in shares of Mistras Group during the second quarter worth about $1,384,000. Finally, State of Wyoming bought a new position in shares of Mistras Group during the second quarter worth about $71,000. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Price Performance

Shares of MG opened at $18.94 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58. Mistras Group Inc has a 12 month low of $9.24 and a 12 month high of $20.20. The stock has a fifty day moving average price of $17.02 and a 200 day moving average price of $16.53. The company has a market cap of $603.24 million, a P/E ratio of 22.82, a PEG ratio of 1.14 and a beta of 0.89.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The firm had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. On average, research analysts forecast that Mistras Group Inc will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MG has been the subject of several research analyst reports. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings upgraded Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Roth Capital initiated coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Mistras Group Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.