Victory Capital Management Inc. Has $1.13 Million Stock Holdings in Matrix Service Company (NASDAQ:MTRX)

Victory Capital Management Inc. raised its holdings in Matrix Service Company (NASDAQ:MTRX) by 7.7% in the first quarter, Holdings Channel.com reports. The fund owned 90,540 shares of the company’s stock after acquiring an additional 6,462 shares during the quarter. Victory Capital Management Inc.’s holdings in Matrix Service were worth $1,125,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Matrix Service in the first quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its stake in Matrix Service by 180.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company’s stock valued at $32,000 after acquiring an additional 1,746 shares during the last quarter. Legal & General Group Plc lifted its stake in Matrix Service by 29.6% in the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company’s stock valued at $99,000 after acquiring an additional 1,881 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Matrix Service in the fourth quarter valued at approximately $99,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Matrix Service in the fourth quarter valued at approximately $120,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Stock Down 1.3%

NASDAQ MTRX opened at $15.61 on Thursday. The stock has a market capitalization of $430.99 million, a PE ratio of -19.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. The company has a 50 day moving average price of $13.35 and a two-hundred day moving average price of $12.95. Matrix Service Company has a 12-month low of $8.65 and a 12-month high of $16.11.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Matrix Service had a negative return on equity of 14.08% and a negative net margin of 3.04%. The firm had revenue of $200.16 million during the quarter, compared to analyst estimates of $215.06 million. As a group, equities analysts anticipate that Matrix Service Company will post -0.26 EPS for the current year.

About Matrix Service

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.