<div id="readability-page-1"><p>Ameriprise Financial Inc. boosted its position in shares of  Mistras Group, Inc. (NYSE:MG - Free Report) by 225.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 160,087 shares of the technology company's stock after purchasing an additional 110,916 shares during the period. Ameriprise Financial Inc. owned approximately 0.52% of Mistras Group worth $1,450,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Mistras Group</strong> alerts:</span></p></div><ul><li>Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?</li></ul><p>A number of other large investors have also added to or reduced their stakes in MG. Heck Capital Advisors LLC acquired a new position in  Mistras Group during the 4th quarter valued at about $50,000.  Empowered Funds LLC boosted its stake in  Mistras Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company's stock valued at $1,842,000 after purchasing an additional 9,788 shares during the period.  Bank of New York Mellon Corp boosted its stake in  Mistras Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company's stock valued at $578,000 after purchasing an additional 2,033 shares during the period.  Inspire Advisors LLC acquired a new stake in shares of  Mistras Group in the 4th quarter worth approximately $417,000.  Finally, Royce &amp; Associates LP lifted its stake in shares of  Mistras Group by 9.4% in the 4th quarter. Royce &amp; Associates LP now owns 1,441,967 shares of the technology company's stock worth $13,064,000 after acquiring an additional 124,270 shares during the period. 74.92% of the stock is owned by institutional investors and hedge funds. </p><h2>Mistras Group Stock Up 2.3%</h2><p>NYSE MG opened at $7.56 on Friday. Mistras Group, Inc. has a 12 month low of $7.06 and a 12 month high of $12.44. The company's 50 day simple moving average is $8.90 and its 200 day simple moving average is $9.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The company has a market capitalization of $236.85 million, a P/E ratio of 21.60, a PEG ratio of 0.73 and a beta of 1.42. </p><ul><li>NVIDIA Invested in These 2 AI Stocks, Should You? </li></ul><p>Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). The firm had revenue of $161.62 million for the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%.  Equities research analysts expect that  Mistras Group, Inc. will post 0.71 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other Mistras Group news, Director Nicholas Debenedictis bought 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $9.84 per share, with a total value of $98,400.00. Following the completion of the transaction, the director now directly owns 217,511 shares of the company's stock, valued at approximately $2,140,308.24. The trade was a 4.82% increase in their position. The purchase was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Insiders own  4.80% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><ul><li>MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?</li></ul><p>Separately, Wall Street Zen lowered shares of Mistras Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, May 17th.</p><p><b>Read Our Latest Research Report on MG</b></p><h2>Mistras Group Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Mistras Group</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>Near 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a Look</li><li>Learn Technical Analysis Skills to Master the Stock Market</li><li>3 Overlooked Dividend Plays for Income in Volatile Times</li><li>What is the Dow Jones Industrial Average (DJIA)?</li><li>AXON: Competition Intensifies as Motorola Makes $4.4B Acquisition</li></ul><p><strong>Want to see what other hedge funds are holding MG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mistras Group, Inc. (NYSE:MG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1H?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1H"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Mistras Group Right Now?</h2><p>Before you consider Mistras Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mistras Group wasn't on the list.</p><p>While Mistras Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ameriprise Financial Inc. increased its stake in Mistras Group, Inc. (NYSE:MG) by 225.6% in Q4, owning 160,087 shares valued at $1.45 million. Other investors also adjusted their positions, with 74.92% of the stock held by institutional investors. Mistras Group's stock rose 2.3%, opening at $7.56, with a 12-month range of $7.06 to $12.44. The company reported a net margin of 1.52% and missed EPS estimates in its latest earnings report. Insiders own 4.80% of the stock, and a director recently purchased additional shares.</p>

Mistras Group, Inc. (NYSE:MG) Shares Acquired by Ameriprise Financial Inc.