Matrix Service Company $MTRX Shares Sold by Azarias Capital Management L.P.

Posted by Brenda Bartman on Oct 14th, 2026

Azarias Capital Management L.P. lessened its position in shares of Matrix Service Company (NASDAQ:MTRX – Free Report) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 425,763 shares of the company’s stock after selling 247,929 shares during the quarter. Matrix Service comprises approximately 3.8% of Azarias Capital Management L.P.’s portfolio, making the stock its 8th largest position. Azarias Capital Management L.P.’s holdings in Matrix Service were worth $4,075,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Matrix Service during the second quarter worth $29,311,000. Bank of New York Mellon Corp acquired a new position in shares of Matrix Service in the 2nd quarter valued at $6,266,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Matrix Service in the 2nd quarter valued at $4,047,000. De Lisle Partners LLP acquired a new position in shares of Matrix Service in the 2nd quarter valued at $3,544,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Matrix Service by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 255,800 shares of the company’s stock worth $2,937,000 after purchasing an additional 5,200 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Price Performance

Shares of NASDAQ:MTRX traded down $0.57 during mid-day trading on Wednesday, reaching $9.99. 694,871 shares of the company were exchanged, compared to its average volume of 299,988. The firm has a market cap of $282.62 million, a price-to-earnings ratio of -111.00, a P/E/G ratio of 0.98 and a beta of 0.98. The firm’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $11.95. Matrix Service Company has a 1 year low of $9.38 and a 1 year high of $15.97.

Matrix Service (NASDAQ:MTRX – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Matrix Service had a positive return on equity of 5.32% and a negative net margin of 0.30%. The firm had revenue of $244.53 million for the quarter, compared to analyst estimates of $247.04 million. On average, research analysts forecast that Matrix Service Company will post 0.60 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTRX has been the subject of a number of recent analyst reports. Northland Securities set a $16.00 price objective on Matrix Service in a research report on Friday, September 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.50.

Check Out Our Latest Stock Analysis on MTRX

Matrix Service Profile

(Free Report)

Matrix Service Company (NASDAQ:MTRX) provides engineering, procurement, construction, maintenance and industrial services for energy and industrial infrastructure. The company works with customers across the energy, power, utilities, process and industrial markets, supporting projects from initial design and fabrication through construction, commissioning, maintenance and repair.

Its capabilities include the construction and maintenance of aboveground storage tanks, terminals, pipelines, processing facilities, power-generation infrastructure and other industrial assets.