Matrix Service (NASDAQ:MTRX) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Matrix Service (NASDAQ:MTRX) by 180.6% in the fourth quarter, Holdings Channel reports. The firm owned 2,713 shares of the company’s stock after acquiring an additional 1,746 shares during the period. Tower Research Capital LLC TRC’s holdings in Matrix Service were worth $32,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTRX. Barclays PLC increased its position in Matrix Service by 90.8% during the 3rd quarter. Barclays PLC now owns 53,435 shares of the company’s stock worth $616,000 after purchasing an additional 25,434 shares in the last quarter. JPMorgan Chase & Co. increased its position in Matrix Service by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company’s stock worth $1,045,000 after purchasing an additional 60,838 shares in the last quarter. SG Americas Securities LLC increased its position in Matrix Service by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company’s stock worth $133,000 after purchasing an additional 1,731 shares in the last quarter. R Squared Ltd acquired a new stake in Matrix Service during the 4th quarter worth approximately $45,000. Finally, Money Concepts Capital Corp increased its position in Matrix Service by 1.7% during the 4th quarter. Money Concepts Capital Corp now owns 108,057 shares of the company’s stock worth $1,293,000 after purchasing an additional 1,790 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

MTRX has been the subject of a number of analyst reports. StockNews.com cut Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. DA Davidson upped their price target on Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th.

Matrix Service Stock Up 0.5%

NASDAQ MTRX opened at $12.88 on Friday. The stock has a market cap of $355.58 million, a PE ratio of -10.56 and a beta of 1.04. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $15.75. The business has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $12.69.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings results 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). The company had revenue of $200.16 million during the quarter, compared to analysts’ expectations of $215.06 million. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. Sell-side analysts anticipate that Matrix Service will post -0.26 EPS for the current fiscal year.

Matrix Service Company 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.