Two Sigma Investments LP decreased its stake in Matrix Service Co (NASDAQ:MTRX) by 67.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 63,374 shares of the company’s stock after selling 131,654 shares during the period. Two Sigma Investments LP’s holdings in Matrix Service were worth $1,439,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in Matrix Service by 3.1% in the third quarter. California Public Employees Retirement System now owns 90,100 shares of the company’s stock valued at $1,690,000 after buying an additional 2,700 shares during the last quarter. James Investment Research Inc. boosted its position in Matrix Service by 3.9% in the third quarter. James Investment Research Inc. now owns 42,753 shares of the company’s stock valued at $802,000 after buying an additional 1,600 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Matrix Service by 3.5% in the third quarter. Chicago Equity Partners LLC now owns 86,875 shares of the company’s stock valued at $1,630,000 after buying an additional 2,935 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in Matrix Service during the third quarter valued at about $242,000. Finally, Mutual of America Capital Management LLC boosted its position in Matrix Service by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 62,596 shares of the company’s stock valued at $1,174,000 after buying an additional 284 shares during the last quarter. Institutional investors own 90.12% of the company’s stock.
Matrix Service Co (NASDAQ:MTRX) opened at 15.65 on Tuesday. Matrix Service Co has a 52-week low of $14.07 and a 52-week high of $23.45. The firm has a market cap of $416.18 million, a PE ratio of 14.90 and a beta of 1.31. The firm’s 50-day moving average price is $17.90 and its 200 day moving average price is $19.43.
Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Matrix Service had a return on equity of 8.78% and a net margin of 2.12%. The firm earned $312.70 million during the quarter, compared to analysts’ expectations of $324.56 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Matrix Service’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Matrix Service Co will post $0.91 earnings per share for the current year.
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MTRX has been the topic of several recent analyst reports. Zacks Investment Research upgraded Matrix Service from a “sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. TheStreet cut Matrix Service from a “b-” rating to a “c+” rating in a research report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.33.
In other Matrix Service news, insider Bradley J. Rinehart sold 8,072 shares of the company’s stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $22.70, for a total value of $183,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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