Nuveen LLC Invests $618,000 in Matrix Service Company $MTRX

Key Points

• Nuveen LLC acquired a new stake in Matrix Service Company by purchasing 49,683 shares valued at approximately $618,000 during the first quarter.
• Matrix Service's stock is currently down 4.1%, with an opening price of $14.24 and a market cap of $393.17 million.
• Institutional investors collectively own 78.38% of Matrix Service's stock, indicating strong institutional interest in the company.

Nuveen LLC purchased a new position in shares of Matrix Service Company (NASDAQ:MTRX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 49,683 shares of the company's stock, valued at approximately $618,000. Nuveen LLC owned 0.18% of Matrix Service as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MTRX. CenterBook Partners LP boosted its stake in Matrix Service by 789.6% in the first quarter. CenterBook Partners LP now owns 536,447 shares of the company's stock worth $6,668,000 after purchasing an additional 476,148 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Matrix Service by 244.6% in the 1st quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company's stock valued at $5,014,000 after purchasing an additional 286,326 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of Matrix Service during the 1st quarter worth $914,000. De Lisle Partners LLP grew its position in shares of Matrix Service by 28.9% in the 1st quarter. De Lisle Partners LLP now owns 237,935 shares of the company's stock valued at $2,961,000 after buying an additional 53,343 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Matrix Service by 557.4% during the 4th quarter. State of Wyoming now owns 35,224 shares of the company's stock valued at $422,000 after purchasing an additional 29,866 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Matrix Service Stock Performance

NASDAQ MTRX traded up $0.21 on Monday, hitting $14.79. 119,541 shares of the stock traded hands, compared to its average volume of 191,763. Matrix Service Company has a 12 month low of $9.14 and a 12 month high of $16.10. The firm has a market capitalization of $408.32 million, a price-to-earnings ratio of -18.26, a PEG ratio of 1.30 and a beta of 1.13. The business's fifty day moving average is $14.59 and its two-hundred day moving average is $13.02.

Matrix Service 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.