Informed Momentum Co LLC Invests $824,000 in Matrix Service Company (NASDAQ:MTRX)

Key Points

• Informed Momentum Co LLC has made a new investment in Matrix Service Company, acquiring 66,256 shares valued at approximately $824,000.
• Other major investors, including Westerly Capital Management and CenterBook Partners LP, have also increased their stakes in Matrix Service, showcasing significant institutional interest.
• Matrix Service's stock price has risen by 3.7%, with a current trading price of $15.20, following a twelve-month trading range between $8.99 and $16.10.

Informed Momentum Co LLC purchased a new position in shares of Matrix Service Company (NASDAQ:MTRX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,256 shares of the company's stock, valued at approximately $824,000. Informed Momentum Co LLC owned about 0.24% of Matrix Service as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MTRX. New York State Teachers Retirement System purchased a new stake in Matrix Service during the 1st quarter valued at about $30,000. Tower Research Capital LLC TRC lifted its holdings in 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 buying an additional 1,746 shares during the period. Aquatic Capital Management LLC purchased a new stake in Matrix Service in the 4th quarter worth approximately $99,000. Legal & General Group Plc lifted its holdings in 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 buying an additional 1,881 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Matrix Service in the 4th quarter worth approximately $120,000. Institutional investors own 78.38% of the company's stock.

Matrix Service Trading Down 0.9%

NASDAQ MTRX traded down $0.14 on Friday, hitting $14.64. The company's stock had a trading volume of 162,382 shares, compared to its average volume of 125,560. Matrix Service Company has a 52-week low of $9.14 and a 52-week high of $16.10. The firm has a market cap of $404.21 million, a P/E ratio of -18.07, a PEG ratio of 1.46 and a beta of 1.12. The company's 50-day simple moving average is $13.95 and its 200 day simple moving average is $12.99.

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.