Legal & General Group Plc lowered its position in shares of Matrix Service Company (NASDAQ:MTRX) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,502 shares of the oil and gas company’s stock after selling 100 shares during the period. Legal & General Group Plc owned about 0.17% of Matrix Service worth $750,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of Matrix Service by 0.4% in the first quarter. LSV Asset Management now owns 1,816,075 shares of the oil and gas company’s stock worth $29,965,000 after buying an additional 7,325 shares during the period. State Street Corp raised its stake in shares of Matrix Service by 8.8% in the fourth quarter. State Street Corp now owns 747,989 shares of the oil and gas company’s stock worth $16,978,000 after buying an additional 60,527 shares during the period. Boston Partners raised its stake in shares of Matrix Service by 48.1% in the first quarter. Boston Partners now owns 561,030 shares of the oil and gas company’s stock worth $9,257,000 after buying an additional 182,130 shares during the period. Teachers Advisors LLC raised its stake in shares of Matrix Service by 9.7% in the first quarter. Teachers Advisors LLC now owns 535,089 shares of the oil and gas company’s stock worth $8,829,000 after buying an additional 47,498 shares during the period. Finally, Norges Bank purchased a new stake in shares of Matrix Service during the fourth quarter worth $11,799,000. 91.60% of the stock is owned by institutional investors and hedge funds.
Matrix Service Company (NASDAQ:MTRX) traded down 0.99% on Friday, hitting $10.05. The stock had a trading volume of 371,950 shares. The firm’s 50-day moving average is $9.68 and its 200-day moving average is $13.18. The company has a market cap of $267.33 million, a P/E ratio of 27.09 and a beta of 0.75. Matrix Service Company has a 52-week low of $7.80 and a 52-week high of $23.45.
Matrix Service (NASDAQ:MTRX) last released its earnings results on Tuesday, May 9th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.66. The company had revenue of $251.20 million during the quarter, compared to analysts’ expectations of $248.51 million. Matrix Service had a net margin of 0.78% and a return on equity of 3.07%. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Equities research analysts anticipate that Matrix Service Company will post ($0.01) earnings per share for the current fiscal year.
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MTRX has been the subject of a number of research analyst reports. BidaskClub raised Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. ValuEngine lowered Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens reissued a “hold” rating on shares of Matrix Service in a research report on Monday, May 15th. Finally, TheStreet lowered Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.00.
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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