13,550 Shares in Matrix Service Company $MTRX Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Matrix Service Company (NASDAQ:MTRX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,550 shares of the company’s stock, valued at approximately $183,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTRX. State of Wyoming increased its stake in shares of Matrix Service by 6.4% in the first quarter. State of Wyoming now owns 37,465 shares of the company’s stock worth $466,000 after purchasing an additional 2,241 shares during the period. Brooklyn Investment Group boosted its stake in Matrix Service by 2,026.3% during the 1st quarter. Brooklyn Investment Group now owns 3,402 shares of the company’s stock valued at $42,000 after purchasing an additional 3,242 shares during the period. CWM LLC grew its holdings in Matrix Service by 138.4% in the 1st quarter. CWM LLC now owns 10,002 shares of the company’s stock valued at $124,000 after buying an additional 5,806 shares during the last quarter. Quantbot Technologies LP bought a new position in Matrix Service in the 1st quarter worth approximately $73,000. Finally, Victory Capital Management Inc. increased its position in Matrix Service by 7.7% in the 1st quarter. Victory Capital Management Inc. now owns 90,540 shares of the company’s stock worth $1,125,000 after buying an additional 6,462 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Matrix Service

In other Matrix Service news, Director John D. Chandler acquired 2,300 shares of Matrix Service stock in a transaction dated Tuesday, September 16th. The stock was bought at an average cost of $12.74 per share, with a total value of $29,302.00. Following the acquisition, the director owned 78,053 shares of the company’s stock, valued at approximately $994,395.22. The trade was a 3.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

Matrix Service Trading Down 1.0%

Shares of NASDAQ:MTRX opened at $12.53 on Monday. The firm has a market capitalization of $351.70 million, a PE ratio of -11.93, a PEG ratio of 1.23 and a beta of 1.06. Matrix Service Company has a 1-year low of $9.33 and a 1-year high of $16.10. The business’s 50 day moving average is $13.50 and its 200-day moving average is $13.51.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.The business had revenue of $211.88 million during the quarter, compared to analyst estimates of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Matrix Service Company will post -0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTRX shares. DA Davidson lowered their price objective on shares of Matrix Service from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.