Matrix Service Company (NASDAQ:MTRX) Position Trimmed by Azarias Capital Management L.P.

Azarias Capital Management L.P. lessened its position in Matrix Service Company (NASDAQ:MTRX - Free Report) by 53.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 571,155 shares of the company's stock after selling 646,950 shares during the quarter. Matrix Service accounts for 3.9% of Azarias Capital Management L.P.'s portfolio, making the stock its 4th largest position. Azarias Capital Management L.P. owned about 2.07% of Matrix Service worth $7,099,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Matrix Service by 2.7% in the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock worth $475,000 after acquiring an additional 1,028 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Matrix Service by 3.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock worth $485,000 after acquiring an additional 1,388 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Matrix Service by 180.6% in the 4th 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. Legal & General Group Plc lifted its holdings in shares of Matrix Service by 29.6% in the 4th 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, Charles Schwab Investment Management Inc. lifted its holdings in shares of Matrix Service by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,843 shares of the company's stock worth $908,000 after acquiring an additional 2,576 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Matrix Service Stock Up 3.0%

MTRX traded up $0.38 on Monday, reaching $13.10. 141,215 shares of the company traded hands, compared to its average volume of 205,114. Matrix Service Company has a one year low of $8.61 and a one year high of $15.75. The firm has a fifty day simple moving average of $12.15 and a two-hundred day simple moving average of $12.63. The company has a market cap of $361.69 million, a P/E ratio of -16.17 and a beta of 1.03.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Matrix Service had a negative net margin of 3.04% and a negative return on equity of 14.08%. The business had revenue of $200.16 million during the quarter, compared to the consensus estimate of $215.06 million. On average, equities analysts forecast that Matrix Service Company will post -0.26 earnings per share for the current 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.