Jane Street Group LLC Has $218,000 Holdings in Matrix Service (NASDAQ:MTRX)

Jane Street Group LLC lessened its holdings in Matrix Service (NASDAQ:MTRX - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,199 shares of the company's stock after selling 32,441 shares during the period. Jane Street Group LLC owned 0.07% of Matrix Service worth $218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Matrix Service by 2.7% during the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock worth $475,000 after purchasing an additional 1,028 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Matrix Service by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock valued at $485,000 after acquiring an additional 1,388 shares during the period. SG Americas Securities LLC increased its stake in Matrix Service by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock valued at $133,000 after acquiring an additional 1,731 shares during the period. Tower Research Capital LLC TRC increased its stake in Matrix Service by 180.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock valued at $32,000 after acquiring an additional 1,746 shares during the period. Finally, Money Concepts Capital Corp increased its stake in Matrix Service by 1.7% in the fourth quarter. Money Concepts Capital Corp now owns 108,057 shares of the company's stock valued at $1,293,000 after acquiring an additional 1,790 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTRX. Wall Street Zen cut shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. DA Davidson upped their target price on shares of Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th.

Matrix Service Trading Up 1.2%

Shares of Matrix Service stock opened at $12.30 on Friday. The stock has a market capitalization of $339.62 million, a price-to-earnings ratio of -10.08 and a beta of 1.04. Matrix Service has a 1-year low of $8.61 and a 1-year high of $15.75. The firm's 50-day moving average price is $11.73 and its two-hundred day moving average price is $12.70.

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

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