Dimensional Fund Advisors LP increased its position in Matrix Service Co (NASDAQ:MTRX) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,845,596 shares of the oil and gas company’s stock after buying an additional 188,580 shares during the period. Dimensional Fund Advisors LP owned about 6.96% of Matrix Service worth $41,895,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Matrix Service by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,920 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 110 shares during the period. Springbank Value Partners LP raised its position in shares of Matrix Service by 900.0% in the third quarter. Springbank Value Partners LP now owns 10,000 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 9,000 shares during the period. Stevens Capital Management LP acquired a new position in shares of Matrix Service during the third quarter valued at about $215,000. Alambic Investment Management L.P. acquired a new position in shares of Matrix Service during the third quarter valued at about $242,000. Finally, Gray Financial Group GA ADV ADV acquired a new position in shares of Matrix Service during the fourth quarter valued at about $263,000. 90.12% of the stock is currently owned by institutional investors.
Shares of Matrix Service Co (NASDAQ:MTRX) traded up 1.22% during midday trading on Friday, reaching $16.65. The company had a trading volume of 112,426 shares. The company has a 50-day moving average price of $16.01 and a 200 day moving average price of $19.07. The company has a market capitalization of $442.77 million, a P/E ratio of 15.86 and a beta of 1.31. Matrix Service Co has a one year low of $14.07 and a one year high of $23.45.
Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings results on Wednesday, February 8th. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.10. The company earned $312.70 million during the quarter, compared to analysts’ expectations of $324.56 million. Matrix Service had a net margin of 2.12% and a return on equity of 8.78%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Equities analysts anticipate that Matrix Service Co will post $0.91 earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on MTRX shares. Zacks Investment Research downgraded Matrix Service from a “hold” rating to a “sell” rating in a report on Friday, February 17th. TheStreet downgraded Matrix Service from a “b-” rating to a “c+” rating in a report on Friday, February 10th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.33.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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