Matrix Service (NASDAQ:MTRX) Stock Holdings Cut by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in Matrix Service (NASDAQ:MTRX - Free Report) by 28.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 153,802 shares of the company's stock after selling 60,204 shares during the period. D. E. Shaw & Co. Inc. owned about 0.56% of Matrix Service worth $1,841,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in Matrix Service in the fourth quarter worth about $120,000. Ameriprise Financial Inc. raised its position in shares of Matrix Service by 11.2% during the 4th quarter. Ameriprise Financial Inc. now owns 89,176 shares of the company's stock worth $1,067,000 after purchasing an additional 8,956 shares during the period. Westerly Capital Management LLC lifted its holdings in shares of Matrix Service by 4.5% in the 4th quarter. Westerly Capital Management LLC now owns 1,150,000 shares of the company's stock worth $13,766,000 after purchasing an additional 50,000 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Matrix Service by 6.3% in the 4th quarter. Northern Trust Corp now owns 252,557 shares of the company's stock worth $3,023,000 after purchasing an additional 15,015 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Matrix Service during the 4th quarter valued at approximately $99,000. Institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson raised their target price on Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Wall Street Zen downgraded shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.

Matrix Service Price Performance

MTRX stock traded up $0.42 on Tuesday, reaching $12.55. The company's stock had a trading volume of 204,747 shares, compared to its average volume of 208,304. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75. The company has a market capitalization of $346.52 million, a P/E ratio of -10.29 and a beta of 1.04. The firm has a fifty day moving average of $11.79 and a two-hundred day moving average of $12.73.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). The business had revenue of $200.16 million for the quarter, compared to analyst estimates of $215.06 million. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. As a group, equities analysts expect that Matrix Service will post -0.26 EPS for the current fiscal year.

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.