Algert Global LLC bought a new stake in Matrix Service Company (NASDAQ:MTRX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,090 shares of the company's stock, valued at approximately $250,000. Algert Global LLC owned 0.07% of Matrix Service at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in shares of Matrix Service during the first quarter worth about $30,000. Informed Momentum Co LLC acquired a new stake in shares of Matrix Service during the first quarter worth about $824,000. Bank of New York Mellon Corp raised its position in shares of Matrix Service by 244.6% during the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company's stock worth $5,014,000 after purchasing an additional 286,326 shares during the period. Russell Investments Group Ltd. raised its position in Matrix Service by 28.2% in the 1st quarter. Russell Investments Group Ltd. now owns 315,273 shares of the company's stock valued at $3,919,000 after buying an additional 69,445 shares during the last quarter. Finally, CenterBook Partners LP raised its position in Matrix Service by 789.6% in the 1st quarter. CenterBook Partners LP now owns 536,447 shares of the company's stock valued at $6,668,000 after buying an additional 476,148 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.
Matrix Service Stock Performance
Matrix Service stock traded down $0.61 during midday trading on Friday, reaching $15.13. The stock had a trading volume of 128,950 shares, compared to its average volume of 117,878. The firm's fifty day simple moving average is $14.47 and its 200-day simple moving average is $13.05. Matrix Service Company has a 1-year low of $9.14 and a 1-year high of $16.10. The stock has a market capitalization of $417.75 million, a P/E ratio of -18.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.
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.
See Also
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