Swiss National Bank raised its position in Matrix Service Co (NASDAQ:MTRX) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,300 shares of the oil and gas company’s stock after acquiring an additional 1,100 shares during the period. Swiss National Bank’s holdings in Matrix Service were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MTRX. NEXT Financial Group Inc increased its position in shares of Matrix Service by 72.2% during the fourth quarter. NEXT Financial Group Inc now owns 1,262 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 529 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Matrix Service in the fourth quarter valued at about $161,000. Virginia Retirement Systems ET AL raised its stake in Matrix Service by 9.2% in the fourth quarter. Virginia Retirement Systems ET AL now owns 28,600 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 2,400 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Matrix Service by 47.4% in the third quarter. State of Tennessee Treasury Department now owns 30,032 shares of the oil and gas company’s stock worth $514,000 after acquiring an additional 9,663 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Matrix Service by 130.7% in the third quarter. Millennium Management LLC now owns 33,443 shares of the oil and gas company’s stock worth $573,000 after acquiring an additional 18,947 shares in the last quarter. Institutional investors own 94.89% of the company’s stock.
Several equities analysts have recently issued reports on MTRX shares. ValuEngine upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. TheStreet cut shares of Matrix Service from a “b” rating to a “c” rating in a research note on Thursday, February 6th. Sidoti raised shares of Matrix Service from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, February 19th. BidaskClub downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Finally, Zacks Investment Research lowered shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.33.
MTRX stock traded down $1.04 during midday trading on Monday, reaching $11.43. The stock had a trading volume of 11,630 shares, compared to its average volume of 285,274. The firm has a fifty day simple moving average of $16.31 and a two-hundred day simple moving average of $18.90. Matrix Service Co has a 52-week low of $11.70 and a 52-week high of $24.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a market cap of $337.47 million, a PE ratio of -571.00 and a beta of 1.45.
Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Matrix Service had a negative net margin of 0.01% and a positive return on equity of 9.68%. The firm had revenue of $318.68 million during the quarter, compared to analyst estimates of $365.61 million. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that Matrix Service Co will post 0.75 EPS for the current fiscal year.
Matrix Service Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities.
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