GSA Capital Partners LLP Invests $2.50 Million in Matrix Service Company $MTRX

Key Points

• GSA Capital Partners LLP acquired 182,277 Matrix Service shares worth approximately $2.50 million, representing about 0.65% of the company.
• Institutional ownership stands at 78.38%, with several other investors increasing or initiating positions in Matrix Service.
• Matrix Service shares opened at $11.91, while analysts maintain a “Moderate Buy” consensus and an average price target of $20.50; ratings include one Strong Buy, one Buy and one Sell.

GSA Capital 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 13F filing with the SEC. The institutional investor acquired 182,277 shares of the company's stock, valued at approximately $2,497,000. GSA Capital Partners LLP owned approximately 0.65% of Matrix Service as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Matrix Service during the third quarter worth approximately $28,000. BNP Paribas Financial Markets increased its holdings in Matrix Service by 68.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock valued at $34,000 after purchasing an additional 1,032 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Matrix Service by 133.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock valued at $45,000 after purchasing an additional 1,893 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Matrix Service in the 3rd quarter valued at $67,000. Finally, Raymond James Financial Inc. bought a new position in Matrix Service in the 2nd quarter valued at $101,000. Institutional investors own 78.38% of the company's stock.

Matrix Service Trading Up 2.1%

Shares of NASDAQ:MTRX opened at $11.91 on Friday. The stock has a market capitalization of $335.08 million, a P/E ratio of -22.47, a P/E/G ratio of 0.95 and a beta of 1.00. Matrix Service Company has a 1-year low of $9.88 and a 1-year high of $15.97. The business has a 50-day moving average price of $12.68 and a two-hundred day moving average price of $12.27.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Matrix Service in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

About Matrix Service

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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