90,400 Shares in Matrix Service Company $MTRX Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new stake in Matrix Service Company (NASDAQ:MTRX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,400 shares of the company’s stock, valued at approximately $1,058,000. Prescott Group Capital Management L.L.C. owned about 0.32% of Matrix Service at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MTRX. AQR Capital Management LLC grew its stake in Matrix Service by 601.5% in the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after acquiring an additional 250,206 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Matrix Service by 53.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 175,736 shares of the company’s stock valued at $2,184,000 after acquiring an additional 61,246 shares during the last quarter. Jane Street Group LLC grew its stake in Matrix Service by 89.8% in the 1st quarter. Jane Street Group LLC now owns 34,542 shares of the company’s stock valued at $429,000 after acquiring an additional 16,343 shares during the last quarter. Creative Planning acquired a new stake in Matrix Service in the 2nd quarter valued at about $176,000. Finally, JPMorgan Chase & Co. grew its stake in Matrix Service by 288.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock valued at $2,877,000 after acquiring an additional 158,104 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Matrix Service Trading Up 3.9%

Matrix Service stock opened at $12.64 on Thursday. The stock has a market cap of $355.56 million, a PE ratio of -23.85, a P/E/G ratio of 2.70 and a beta of 1.02. The stock has a 50-day moving average price of $11.83 and a 200 day moving average price of $12.09. Matrix Service Company has a 52 week low of $9.88 and a 52 week high of $16.10.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $206.71 million during the quarter, compared to analysts’ expectations of $231.52 million. Matrix Service had a negative return on equity of 3.60% and a negative net margin of 1.77%. On average, equities analysts predict that Matrix Service Company will post 0.25 EPS for the current year.

Insider Transactions at Matrix Service

In other Matrix Service news, CEO John R. Hewitt sold 36,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $12.50, for a total value of $450,000.00. Following the sale, the chief executive officer directly owned 581,806 shares of the company’s stock, valued at approximately $7,272,575. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $17.00 price objective on shares of Matrix Service in a research note on Friday, February 6th. Northland Securities set a $24.00 price objective on Matrix Service in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.50.

Matrix Service Company Profile

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.