Legal & General Group Plc Sells 100 Shares of Matrix Service Company (NASDAQ:MTRX)

Legal & General Group Plc lowered its position in Matrix Service Company (NASDAQ:MTRX) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.17% of Matrix Service worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTRX. Mason Street Advisors LLC increased its position in Matrix Service by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,219 shares of the oil and gas company’s stock worth $103,000 after buying an additional 421 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Matrix Service by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,793 shares of the oil and gas company’s stock worth $129,000 after buying an additional 315 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Matrix Service by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the oil and gas company’s stock worth $178,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in Matrix Service by 1.5% in the first quarter. Arizona State Retirement System now owns 13,848 shares of the oil and gas company’s stock worth $228,000 after buying an additional 200 shares in the last quarter. Finally, Amica Retiree Medical Trust increased its position in Matrix Service by 107.3% in the first quarter. Amica Retiree Medical Trust now owns 14,875 shares of the oil and gas company’s stock worth $245,000 after buying an additional 7,698 shares in the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.

Matrix Service Company (NASDAQ MTRX) opened at 9.80 on Friday. Matrix Service Company has a one year low of $7.80 and a one year high of $23.45. The firm has a market capitalization of $260.68 million, a PE ratio of 26.42 and a beta of 0.75. The firm has a 50-day moving average price of $9.81 and a 200 day moving average price of $12.73.

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A number of research firms have recently issued reports on MTRX. BidaskClub cut Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research cut Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. ValuEngine cut Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut Matrix Service from a “c-” rating to a “d+” rating in a report on Wednesday, May 24th. Finally, Stephens reissued a “hold” rating on shares of Matrix Service in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Matrix Service has an average rating of “Hold” and a consensus price target of $20.00.

About Matrix Service

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.

Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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