Dynamic Technology Lab Private Ltd Decreases Position in Matrix Service (NASDAQ:MTRX)

Dynamic Technology Lab Private Ltd lowered its position in Matrix Service (NASDAQ:MTRX - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,986 shares of the company's stock after selling 42,512 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.05% of Matrix Service worth $167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Matrix Service by 4.0% during the 4th quarter. Royce & Associates LP now owns 898,122 shares of the company's stock valued at $10,751,000 after buying an additional 34,860 shares in the last quarter. Geode Capital Management LLC lifted its stake in Matrix Service by 0.8% during the third quarter. Geode Capital Management LLC now owns 598,103 shares of the company's stock worth $6,898,000 after purchasing an additional 4,709 shares during the last quarter. State Street Corp boosted its holdings in shares of Matrix Service by 17.0% in the 3rd quarter. State Street Corp now owns 384,173 shares of the company's stock worth $4,430,000 after purchasing an additional 55,691 shares in the last quarter. American Century Companies Inc. increased its position in shares of Matrix Service by 523.3% during the 4th quarter. American Century Companies Inc. now owns 294,889 shares of the company's stock valued at $3,530,000 after purchasing an additional 247,578 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Matrix Service by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 276,943 shares of the company's stock valued at $3,315,000 after buying an additional 110,641 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

MTRX has been the topic of several research reports. DA Davidson lifted their price target on shares of Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. StockNews.com downgraded Matrix Service from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th.

Matrix Service Price Performance

NASDAQ:MTRX traded up $0.25 during trading hours on Thursday, hitting $10.96. The company had a trading volume of 62,620 shares, compared to its average volume of 208,852. The stock has a 50-day moving average price of $12.52 and a 200 day moving average price of $12.62. The company has a market capitalization of $302.43 million, a PE ratio of -9.01 and a beta of 1.01. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (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%. 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.