De Lisle Partners LLP Acquires 53,343 Shares of Matrix Service Company (NASDAQ:MTRX)

Key Points

• De Lisle Partners LLP increased its stake in Matrix Service Company by 28.9%, acquiring an additional 53,343 shares, bringing its total ownership to 237,935 shares valued at approximately $2.96 million.
• Matrix Service reported a quarterly loss of ($0.12) earnings per share, missing the consensus estimate of ($0.05), with revenues of $200.16 million, falling short of analysts' expectations.
• The stock currently has a market capitalization of $430.72 million and trades at a price-to-earnings ratio of -19.26, highlighting ongoing challenges for the company.

De Lisle Partners LLP raised its position in Matrix Service Company (NASDAQ:MTRX - Free Report) by 28.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,935 shares of the company's stock after buying an additional 53,343 shares during the quarter. De Lisle Partners LLP owned about 0.86% of Matrix Service worth $2,961,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $485,000 after purchasing an additional 1,388 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Matrix Service by 180.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock worth $32,000 after buying an additional 1,746 shares during the period. Legal & General Group Plc boosted its position in Matrix Service by 29.6% during the 4th quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock worth $99,000 after buying an additional 1,881 shares during the period. New York State Teachers Retirement System acquired a new stake in Matrix Service during the 1st quarter worth approximately $30,000. Finally, Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 2,576 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Stock Performance

Shares of NASDAQ MTRX traded down $1.02 during midday trading on Friday, reaching $14.26. The stock had a trading volume of 147,222 shares, compared to its average volume of 201,969. The firm has a market cap of $393.72 million, a price-to-earnings ratio of -17.60, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Matrix Service Company has a twelve month low of $8.65 and a twelve month high of $16.10. The company's 50 day moving average price is $13.42 and its 200 day moving average price is $12.97.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued 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). Matrix Service had a negative return on equity of 14.08% and a negative net margin of 3.04%. The firm had revenue of $200.16 million during the quarter, compared to analyst estimates of $215.06 million. Equities analysts forecast that Matrix Service Company will post -0.26 earnings per share for the current fiscal year.

About Matrix Service

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.