Broad Run Investment Management buys $22.1 Million stake in Mistras Group Inc (MG)

Mistras Group Inc (MG) : Broad Run Investment Management scooped up 59 additional shares in Mistras Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 930,188 shares of Mistras Group Inc which is valued at $22.1 Million.Mistras Group Inc makes up approximately 1.11% of Broad Run Investment Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in MG in the latest quarter, The investment management firm added 128 additional shares and now holds a total of 53,439 shares of Mistras Group Inc which is valued at $1.3 Million.Teacher Retirement System Of Texas boosted its stake in MG in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 2,131 shares of Mistras Group Inc which is valued at $50,590. Solaris Asset Management added MG to its portfolio by purchasing 1,050 company shares during the most recent quarter which is valued at $24,927. Mistras Group Inc makes up approx 0.02% of Solaris Asset Management’s portfolio.Tiaa Cref Investment Management boosted its stake in MG in the latest quarter, The investment management firm added 33,945 additional shares and now holds a total of 104,059 shares of Mistras Group Inc which is valued at $2.4 Million.New York State Common Retirement Fund boosted its stake in MG in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 17,600 shares of Mistras Group Inc which is valued at $412,016.

Mistras Group Inc (MG) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.92 and reached the intraday high at $25.35. The bulls started the profit booking and pushed the shares to intraday low of $24.75. The trading session was marked by a volume range of 70,597 shares exchanging hands. The 52-week high of the shares is $26.4729 and the 52-week low is $12.652. The market cap of the company stands at $722 M and there are 2,89,24,214 shares in public circulation.

On the company’s financial health, Mistras Group Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $0.05. The company had revenue of $160.36 million for the quarter, compared to analysts expectations of $163.77 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Mistras Group Inc. Mistras Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 7, 2016.

Mistras Group Inc. is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services Products and Systems and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection and engineering services that are used to evaluate the structural integrity and reliability of energy industrial and public infrastructure. The Company’s Products and Systems segment designs manufactures sells installs and services its asset protection products and systems including equipment and instrumentation. The Company’s International segment 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.

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