Trexquant Investment LP Sells 13,668 Shares of Matrix Service Company $MTRX

Trexquant Investment LP decreased its position in Matrix Service Company (NASDAQ:MTRX) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,625 shares of the company’s stock after selling 13,668 shares during the period. Trexquant Investment LP owned 0.37% of Matrix Service worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MTRX. American Century Companies Inc. boosted its holdings in Matrix Service by 83.4% during the first quarter. American Century Companies Inc. now owns 540,909 shares of the company’s stock worth $6,723,000 after buying an additional 246,020 shares during the last quarter. CenterBook Partners LP boosted its holdings in Matrix Service by 789.6% during the first quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock worth $6,668,000 after buying an additional 476,148 shares during the last quarter. Boston Partners boosted its holdings in Matrix Service by 787.1% during the first quarter. Boston Partners now owns 492,772 shares of the company’s stock worth $6,123,000 after buying an additional 437,222 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Matrix Service by 244.6% during the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company’s stock worth $5,014,000 after buying an additional 286,326 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Matrix Service by 28.2% during the first quarter. Russell Investments Group Ltd. now owns 315,273 shares of the company’s stock worth $3,919,000 after buying an additional 69,445 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Matrix Service Trading Down 0.4%

Shares of MTRX opened at $14.58 on Friday. Matrix Service Company has a 1 year low of $9.14 and a 1 year high of $16.10. The stock has a market cap of $402.55 million, a P/E ratio of -18.00, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13. The stock’s 50-day moving average price is $14.59 and its two-hundred day moving average price is $13.03.

Matrix Service 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.