SG Americas Securities LLC Has $133,000 Stake in Matrix Service (NASDAQ:MTRX)

SG Americas Securities LLC lifted its stake in shares of Matrix Service (NASDAQ:MTRX) by 18.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,123 shares of the company’s stock after buying an additional 1,731 shares during the period. SG Americas Securities LLC’s holdings in Matrix Service were worth $133,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTRX. The Manufacturers Life Insurance Company acquired a new position in shares of Matrix Service during the second quarter worth approximately $110,000. Net Worth Advisory Group acquired a new position in shares of Matrix Service during the third quarter worth approximately $125,000. Stanley Laman Group Ltd. lifted its holdings in Matrix Service by 2.7% in the third quarter. Stanley Laman Group Ltd. now owns 335,444 shares of the company’s stock valued at $3,868,000 after buying an additional 8,823 shares during the period. Keene & Associates Inc. lifted its holdings in Matrix Service by 13.9% in the third quarter. Keene & Associates Inc. now owns 61,575 shares of the company’s stock valued at $710,000 after buying an additional 7,520 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Matrix Service by 4.3% in the third quarter. Victory Capital Management Inc. now owns 72,587 shares of the company’s stock valued at $837,000 after buying an additional 2,987 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Stock Performance

Shares of NASDAQ:MTRX opened at $15.48 on Wednesday. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75. The company has a market capitalization of $426.63 million, a PE ratio of -12.69 and a beta of 1.28. The company has a 50 day moving average price of $13.23 and a two-hundred day moving average price of $11.82.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. On average, sell-side analysts forecast that Matrix Service will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTRX shares. StockNews.com upgraded shares of Matrix Service from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 6th. DA Davidson increased their price objective on shares of Matrix Service from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday.

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.