2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. raised its holdings in shares of Matrix Service ( NASDAQ:MTRX – Free Report ) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 245,828 shares of the company’s stock after purchasing an additional 43,612 shares during the period. Russell Investments Group Ltd.’s holdings in Matrix Service were worth $2,943,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in shares of Matrix Service during the fourth quarter valued at $45,000. BNP Paribas Financial Markets raised its position in Matrix Service by 112.
9% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock worth $106,000 after buying an additional 4,860 shares during the last quarter. SG Americas Securities LLC lifted its stake in Matrix Service by 18.
4% during the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company’s stock valued at $133,000 after acquiring an additional 1,731 shares during the period. Virtu Financial LLC purchased a new stake in shares of Matrix Service during the 3rd quarter valued at about $155,000.
Finally, Wells Fargo & Company MN grew its stake in shares of Matrix Service by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 16,569 shares of the company’s stock worth $198,000 after acquiring an additional 3,382 shares during the period.
Institutional investors own 78.38% of the company’s stock. Analysts Set New Price Targets MTRX has been the topic of a number of research analyst reports.
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 research report on Tuesday, February 11th.
StockNews.com lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Matrix Service Stock Performance MTRX stock opened at $10.
86 on Friday. The company has a market cap of $299.81 million, a price-to-earnings ratio of -8.
90 and a beta of 1.01. The business’s 50-day moving average is $12.
44 and its two-hundred day moving average is $12.61. Matrix Service has a fifty-two week low of $8.
61 and a fifty-two week high of $15.75. Matrix Service ( NASDAQ:MTRX – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 5th.
The company reported ($0.20) earnings per share for the quarter, topping 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%. Equities analysts predict that Matrix Service will post -0.26 earnings per share for the current year.
About Matrix Service ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding MTRX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Matrix Service ( NASDAQ:MTRX – Free Report ). Receive News & Ratings for Matrix Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service and related companies with MarketBeat.com's FREE daily email newsletter .
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