Mistras Group, Inc. (NYSE:MG) Sees Significant Increase in Short Interest

Mistras Group, Inc. (NYSE:MG) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 224,700 shares, an increase of 37.1% from the December 31st total of 163,900 shares. Based on an average daily trading volume, of 147,400 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Mistras Group

A number of institutional investors have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after purchasing an additional 3,143 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Mistras Group by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock valued at $212,000 after acquiring an additional 3,327 shares in the last quarter. Foundry Partners LLC boosted its holdings in Mistras Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock worth $4,317,000 after acquiring an additional 3,593 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after acquiring an additional 4,014 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the fourth quarter valued at about $50,000. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Price Performance

Shares of MG traded down $0.12 during mid-day trading on Friday, reaching $9.94. The company had a trading volume of 102,707 shares, compared to its average volume of 107,459. The company has a market capitalization of $308.18 million, a price-to-earnings ratio of 28.39, a P/E/G ratio of 0.72 and a beta of 1.77. 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 company’s 50 day simple moving average is $9.24 and its 200 day simple moving average is $10.08. Mistras Group has a 1-year low of $7.45 and a 1-year high of $12.44.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $182.69 million during the quarter, compared to analyst estimates of $185.04 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that Mistras Group will post 0.71 EPS for the current year.

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.