Sterling Capital Management LLC Sells 52,723 Shares of Mistras Group, Inc. (NYSE:MG)

Sterling Capital Management LLC cut its holdings in shares of Mistras Group, Inc. (NYSE:MG - Free Report) by 57.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,772 shares of the technology company's stock after selling 52,723 shares during the quarter. Sterling Capital Management LLC owned about 0.13% of Mistras Group worth $351,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in Mistras Group during the fourth quarter worth approximately $50,000. EntryPoint Capital LLC acquired a new stake in Mistras Group during the 4th quarter worth approximately $102,000. Public Employees Retirement System of Ohio grew its holdings in Mistras Group by 193.7% in 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 position in Mistras Group during the 3rd quarter worth $151,000. Finally, Trexquant Investment LP increased its position in Mistras Group by 31.7% during the 4th quarter. Trexquant Investment LP now owns 27,619 shares of the technology company's stock worth $250,000 after buying an additional 6,642 shares during the period. Institutional investors own 74.92% of the company's stock.

Insider Buying and Selling

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

Mistras Group Price Performance

Mistras Group stock traded up $0.07 during trading hours on Thursday, reaching $9.26. 47,826 shares of the stock were exchanged, compared to its average volume of 126,979. The stock has a 50 day moving average of $9.82 and a two-hundred day moving average of $9.74. The company has a market cap of $289.89 million, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The company has a current ratio of 1.68, a quick ratio of 1.55 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.

Wall Street Analyst Weigh In

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

Mistras Group Company 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.