Bailard Inc. Lowers Stake in Mistras Group, Inc. (NYSE:MG)

Bailard Inc. reduced its stake in shares of Mistras Group, Inc. (NYSE:MG) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,138 shares of the technology company’s stock after selling 1,953 shares during the period. Bailard Inc.’s holdings in Mistras Group were worth $255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MG. Heck Capital Advisors LLC bought a new stake in Mistras Group during the fourth quarter worth about $50,000. Public Employees Retirement System of Ohio raised its holdings in shares of Mistras Group by 193.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after buying an additional 8,298 shares in the last quarter. XTX Topco Ltd bought a new stake in Mistras Group in the 3rd quarter worth approximately $151,000. Wealth Enhancement Advisory Services LLC boosted its stake in Mistras Group by 21.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after buying an additional 3,327 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Mistras Group by 516.2% in the third quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock worth $297,000 after buying an additional 21,919 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Stock Performance

Mistras Group stock opened at $9.19 on Thursday. The firm has a fifty day simple moving average of $9.62 and a two-hundred day simple moving average of $10.08. 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, Inc. has a twelve month low of $7.45 and a twelve month high of $12.44. The company has a market capitalization of $285.01 million, a PE ratio of 26.26, a P/E/G ratio of 0.73 and a beta of 1.76.

Analysts Set New Price Targets

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

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.