Assenagon Asset Management S.A. Sells 10,553 Shares of Mistras Group, Inc. (NYSE:MG)

Assenagon Asset Management S.A. lessened its position in Mistras Group, Inc. (NYSE:MG) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 87,255 shares of the technology company’s stock after selling 10,553 shares during the period. Assenagon Asset Management S.A.’s holdings in Mistras Group were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MG. Rhumbline Advisers increased its position in Mistras Group by 12.3% during the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after acquiring an additional 2,884 shares during the period. American Century Companies Inc. increased its position in shares of Mistras Group by 27.6% during 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 during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 valued at $212,000 after purchasing an additional 3,327 shares in the last quarter. Foundry Partners LLC boosted its stake in Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock worth $4,317,000 after buying an additional 3,593 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after buying an additional 4,014 shares during the period. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Price Performance

NYSE:MG opened at $10.06 on Friday. 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 has a 50-day moving average of $9.14 and a 200-day moving average of $10.02. Mistras Group, Inc. has a 52 week low of $7.45 and a 52 week high of $12.44. The company has a market capitalization of $311.81 million, a price-to-earnings ratio of 28.73, a PEG ratio of 0.70 and a beta of 1.77.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. The company had revenue of $182.69 million for the quarter, compared to analyst estimates of $185.04 million. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, equities research analysts anticipate that Mistras Group, Inc. will post 0.71 earnings per share for the current fiscal 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.