Matrix Service Company $MTRX Stock Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in shares of Matrix Service Company (NASDAQ:MTRX) by 482.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 212,213 shares of the company’s stock after buying an additional 175,788 shares during the quarter. GSA Capital Partners LLP’s holdings in Matrix Service were worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MTRX. AQR Capital Management LLC lifted its holdings in Matrix Service by 601.5% during the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock worth $3,627,000 after buying an additional 250,206 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Matrix Service by 53.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 175,736 shares of the company’s stock worth $2,184,000 after buying an additional 61,246 shares during the last quarter. Jane Street Group LLC lifted its holdings in Matrix Service by 89.8% during the 1st quarter. Jane Street Group LLC now owns 34,542 shares of the company’s stock worth $429,000 after buying an additional 16,343 shares during the last quarter. Creative Planning bought a new stake in shares of Matrix Service in the 2nd quarter worth approximately $176,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Matrix Service by 288.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock worth $2,877,000 after purchasing an additional 158,104 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

MTRX has been the topic of several recent research reports. DA Davidson reissued a “buy” rating and issued a $17.00 price target on shares of Matrix Service in a report on Friday, February 6th. Northland Securities set a $24.00 price target on Matrix Service in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Matrix Service Trading Up 3.1%

Shares of NASDAQ MTRX opened at $12.22 on Tuesday. Matrix Service Company has a 12-month low of $9.88 and a 12-month high of $16.10. The company has a market cap of $343.75 million, a price-to-earnings ratio of -23.06, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. The stock’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $12.13.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. Matrix Service had a negative return on equity of 3.60% and a negative net margin of 1.77%.The firm had revenue of $206.71 million for the quarter, compared to analysts’ expectations of $231.52 million. As a group, equities analysts forecast that Matrix Service Company will post 0.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Matrix Service

In other news, CEO John R. Hewitt sold 36,000 shares of Matrix Service stock in a transaction on Friday, May 8th. The stock was sold at an average price of $12.50, for a total transaction of $450,000.00. Following the transaction, the chief executive officer directly owned 581,806 shares in the company, valued at approximately $7,272,575. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nancy E. Austin sold 4,193 shares of Matrix Service stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.29, for a total value of $47,338.97. Following the transaction, the vice president owned 106,138 shares in the company, valued at approximately $1,198,298.02. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is currently owned by company insiders.

Matrix Service 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.