Mistras Group, Inc. (NYSE:MG) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in Mistras Group, Inc. (NYSE:MG - Free Report) by 49.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 108,530 shares of the technology company's stock after selling 106,272 shares during the period. Arrowstreet Capital Limited Partnership owned 0.35% of Mistras Group worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MG. Heck Capital Advisors LLC purchased a new stake in shares of Mistras Group during the 4th quarter valued at $50,000. EntryPoint Capital LLC purchased a new stake in Mistras Group during the fourth quarter valued at about $102,000. Public Employees Retirement System of Ohio increased its stake in 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 acquiring an additional 8,298 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Mistras Group in the 3rd quarter worth about $151,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Mistras Group by 516.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company's stock valued at $297,000 after purchasing an additional 21,919 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

Insider Activity

In other news, Director Nicholas Debenedictis bought 10,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the purchase, the director now owns 217,511 shares of the company's stock, valued at $2,140,308.24. This trade represents a 4.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.30% of the company's stock.

Mistras Group Stock Down 0.6 %

Shares of NYSE:MG traded down $0.05 during midday trading on Thursday, hitting $9.22. 15,354 shares of the company's stock traded hands, compared to its average volume of 125,338. Mistras Group, Inc. has a twelve month low of $7.45 and a twelve month high of $12.44. The company has a market cap of $288.61 million, a PE ratio of 26.33, a P/E/G ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The firm's fifty day moving average price is $9.91 and its two-hundred day moving average price is $9.81.

Wall Street Analyst Weigh In

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

About Mistras Group

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.