Connor Clark & Lunn Investment Management Ltd. Has $294,000 Holdings in Mistras Group, Inc. (NYSE:MG)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Mistras Group, Inc. (NYSE:MG - Free Report) by 68.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,437 shares of the technology company's stock after selling 69,778 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Mistras Group worth $294,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the fourth quarter valued at approximately $50,000. Public Employees Retirement System of Ohio grew its stake in 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 worth $143,000 after buying an additional 8,298 shares during the last quarter. XTX Topco Ltd acquired a new stake in Mistras Group in the third quarter worth $151,000. BNP Paribas Financial Markets lifted 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 valued at $297,000 after buying an additional 21,919 shares during the last quarter. Finally, Barclays PLC boosted 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 acquiring an additional 20,482 shares during the period. Institutional investors and hedge funds own 74.92% of the company's stock.

Wall Street Analyst Weigh In

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

Mistras Group Price Performance

MG traded up $0.23 on Thursday, reaching $10.85. The company had a trading volume of 276,300 shares, compared to its average volume of 131,059. The company has a market capitalization of $336.57 million, a P/E ratio of 30.99, a PEG ratio of 0.73 and a beta of 1.67. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average of $9.97 and a 200-day moving average of $9.93. Mistras Group, Inc. has a one year low of $7.45 and a one year high of $12.44.

Insider Activity at Mistras Group

In other news, Director Nicholas Debenedictis bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $9.84 per share, with a total value of $98,400.00. Following the completion of the purchase, the director now directly owns 217,511 shares of the company's stock, valued at $2,140,308.24. This represents a 4.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.30% of the company's stock.

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.