De Lisle Partners LLP acquired a new stake in Matrix Service Company (NASDAQ:MTRX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 258,790 shares of the company's stock, valued at approximately $3,544,000. De Lisle Partners LLP owned about 0.92% of Matrix Service at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Quarry LP acquired a new position in shares of Matrix Service during the 3rd quarter worth approximately $28,000. BNP Paribas Financial Markets lifted its position in Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock worth $34,000 after buying an additional 1,032 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Matrix Service by 133.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock worth $45,000 after buying an additional 1,893 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Matrix Service during the third quarter worth $67,000. Finally, Raymond James Financial Inc. acquired a new position in Matrix Service during the second quarter worth $101,000. 78.38% of the stock is owned by hedge funds and other institutional investors.
Matrix Service Price Performance
Matrix Service stock opened at $11.07 on Friday. The firm has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $12.18. Matrix Service Company has a 1-year low of $9.88 and a 1-year high of $15.97. The stock has a market cap of $311.40 million, a price-to-earnings ratio of -20.89, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Matrix Service in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Matrix Service currently has an average rating of "Moderate Buy" and an average price target of $20.50.
Read Our Latest Stock Analysis on MTRX
Matrix Service Company Profile
(
Free Report)
Matrix Service Company NASDAQ: MTRX is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.
The company's service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.
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