Mistras Group Inc (NYSE:MG) has been the object of insider selling activity recently. Chairman Sotirios J. Vahaviolos disclosed the sale of 94,877 shares of MG stock. The shares were purchased at an average price of $21.08. The Chairman now owns $224,536,403 of the stock per the Form 4 SEC filing. Chairman Sotirios J. Vahaviolos sold 94,206 shares at an average price of $21.23 on June 6th. The Chairman now owns $228,148,386 of the stock per an SEC filing yesterday.
Michael C. Keefe, EVP let go of $169,525 worth of shares at an average price of $21.18 on Thu the 11th. Keefe now owns $1,053,832 of stock as recorded in a recent Form 4 SEC filing.
Mistras Group, Inc., launched on October 12, 1994, offers asset protection solutions and is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company operates through three segments: Services segment, which provides asset protection solutions predominantly in North America with the primary concentration in the United States along with a growing Canadian services business, consisting primarily of non-destructive testing, and inspection and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to global markets, in Europe, the Middle East, Africa, Asia and South America, but not to customers in China and South Korea, which are served by its Products and Systems segment, and Products and Systems segment, which designs, manufactures, sells, installs and services its asset protection products and systems, including equipment and instrumentation, predominantly in the United States..
These firms have also modified their investment in MG. Tower Research Capital LLC (trc) downsized its holdings by shedding 310 shares a decrease of 100.0% as of 03/31/2017. Tower Research Capital LLC (trc) controls 0 shares worth $0. The total value of its holdings decreased 100.0%. Goldman Sachs Group Inc reduced its stake by selling 3,352 shares a decrease of 16.3% in the quarter. Goldman Sachs Group Inc now controls 17,204 shares with a value of $368,000. The value of the position overall is down by 30.3%.
State Street Corp cut its position by selling 17,096 shares a decrease of 5.2% as of 03/31/2017. State Street Corp controls 309,381 shares valued at $6,614,000. The total value of its holdings decreased 21.1%. As of quarter end Credit Suisse AG/ had bought 119,876 shares growing its holdings by 2,339.5%. The value in dollars went from $132,000 to $2,673,000 a change of $2,541,000 for the reporting period.
On August 12, 2016 the stock rating was set at “Outperform” by Baird a boost from the previous “” rating. On April 7 the company was downgraded from “Overweight” to “Sector Weight” by analysts at KeyBanc.
On August 17 the company was rated “Overweight” in a report from KeyBanc which is up from the previous “” rating. On August 7 JP Morgan left the company rating at “Neutral” and lowered the price target from $20.00 to $16.00.
Equity analyst Stephens & Co. both downgraded the stock and lowered the price target on August 7 changing the price objective from $24.00 to $17.00 and cutting the rating from “Overweight” to “Equal-weight”. On August 7 the stock rating was downgraded to “Equal-weight” from “Overweight” with a current price target of $17.00 in a statement from Stephens & Co..
In the market the company is trading up by 2.46 percent from yesterday’s close. The stock last traded at $22.45 which is marginally higher than the 50 day moving average of $21.39 and just a bit lower than the 200 day moving average of $22.46. The 50 day moving average was up $1.06 and the 200 day average moved down $-0.01.
The company currently has a P/E ratio of 44.99 and the market value is 639.56M. As of the last earnings report the EPS was $0.50 and is estimated to be $0.71 for the current year with 28,488,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.24 with next year’s EPS projected to be $0.90.