Mistras Group, Inc. (NYSE:MG) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its holdings in Mistras Group, Inc. (NYSE:MG) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,727 shares of the technology company’s stock after selling 5,304 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Mistras Group were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Mistras Group by 516.2% during the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after acquiring an additional 21,919 shares during the period. State Street Corp boosted its stake in Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company’s stock valued at $3,611,000 after purchasing an additional 14,651 shares during the period. XTX Topco Ltd acquired a new position in Mistras Group during the 3rd quarter valued at about $151,000. Public Employees Retirement System of Ohio increased its stake in shares of Mistras Group by 193.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after purchasing an additional 8,298 shares during the period. Finally, Barclays PLC raised its holdings in shares of Mistras Group by 118.5% during the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock valued at $430,000 after buying an additional 20,482 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Nicholas Debenedictis purchased 10,000 shares of the stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the transaction, the director now owns 217,511 shares in the company, valued at $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.30% of the stock is owned by insiders.

Mistras Group Price Performance

Shares of NYSE MG opened at $9.26 on Friday. The stock has a market cap of $287.20 million, a P/E ratio of 26.44, a P/E/G ratio of 0.73 and a beta of 1.34. The firm’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $9.85. Mistras Group, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. 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 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.