American Century Companies Inc. Increases Holdings in Matrix Service Company $MTRX

Key Points

• American Century Companies Inc. increased its holdings in Matrix Service Company by 83.4%, owning 540,909 shares valued at approximately $6.72 million as of the end of the first quarter.
• 78.38% of Matrix Service's stock is currently held by hedge funds and institutional investors, indicating significant investment interest in the company.
• The shares of Matrix Service Company opened at $15.37 with a market capitalization of $424.37 million, and have fluctuated between a low of $9.14 and a high of $16.10 over the past year.

American Century Companies Inc. increased its position in Matrix Service Company (NASDAQ:MTRX - Free Report) by 83.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,909 shares of the company's stock after buying an additional 246,020 shares during the period. American Century Companies Inc. owned 1.96% of Matrix Service worth $6,723,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Matrix Service during the first quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its stake in Matrix Service by 180.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock worth $32,000 after acquiring an additional 1,746 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Matrix Service during the fourth quarter worth approximately $99,000. Legal & General Group Plc increased its stake in Matrix Service by 29.6% during the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock worth $99,000 after acquiring an additional 1,881 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Matrix Service during the fourth quarter worth approximately $120,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Matrix Service Price Performance

Shares of NASDAQ MTRX opened at $15.37 on Thursday. The business's 50 day moving average is $14.36 and its two-hundred day 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 $424.37 million, a P/E ratio of -18.98, a PEG ratio of 1.52 and a beta of 1.12.

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.

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