Chartwell Investment Partners LLC lifted its holdings in Matrix Service Co (NASDAQ:MTRX) by 82.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 193,263 shares of the oil and gas company’s stock after buying an additional 87,150 shares during the period. Chartwell Investment Partners LLC’s holdings in Matrix Service were worth $3,440,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Matrix Service by 0.9% in the 3rd quarter. Royce & Associates LP now owns 1,021,428 shares of the oil and gas company’s stock worth $15,526,000 after purchasing an additional 8,700 shares during the period. California Public Employees Retirement System lifted its stake in shares of Matrix Service by 19.9% in the 3rd quarter. California Public Employees Retirement System now owns 146,650 shares of the oil and gas company’s stock worth $2,229,000 after purchasing an additional 24,350 shares during the period. 22NW LP lifted its stake in shares of Matrix Service by 41.4% in the 3rd quarter. 22NW LP now owns 166,600 shares of the oil and gas company’s stock worth $2,532,000 after purchasing an additional 48,800 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Matrix Service by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 470,885 shares of the oil and gas company’s stock worth $4,401,000 after purchasing an additional 130,390 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Matrix Service by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock worth $13,953,000 after purchasing an additional 86,259 shares during the period. Hedge funds and other institutional investors own 91.23% of the company’s stock.
In other Matrix Service news, CEO John R. Hewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.66, for a total transaction of $88,300.00. Following the sale, the chief executive officer now owns 283,529 shares in the company, valued at approximately $5,007,122.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.
MTRX has been the topic of several recent research reports. BidaskClub cut shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Zacks Investment Research cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
Matrix Service Co (MTRX) opened at $15.50 on Tuesday. Matrix Service Co has a one year low of $7.80 and a one year high of $20.25. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $415.66, a P/E ratio of -62.00 and a beta of 0.63.
Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, February 7th. The oil and gas company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Matrix Service had a negative net margin of 0.59% and a negative return on equity of 1.97%. The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $298.43 million. During the same quarter last year, the business earned $0.20 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. research analysts expect that Matrix Service Co will post 0.67 earnings per share for the current fiscal year.
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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.
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