First Wilshire Securities Management Inc. Has $16.52 Million Stock Position in Matrix Service Company $MTRX

Key Points

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First Wilshire Securities Management Inc. trimmed its holdings in Matrix Service Company (NASDAQ:MTRX - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,329,199 shares of the company's stock after selling 17,364 shares during the quarter. Matrix Service comprises 4.7% of First Wilshire Securities Management Inc.'s portfolio, making the stock its 4th biggest holding. First Wilshire Securities Management Inc. owned about 4.81% of Matrix Service worth $16,522,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Matrix Service during the 1st quarter worth about $73,000. Brooklyn Investment Group raised its holdings in Matrix Service by 2,026.3% during the 1st quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock worth $42,000 after purchasing an additional 3,242 shares during the last quarter. Algert Global LLC bought a new stake in Matrix Service during the 1st quarter worth about $250,000. American Century Companies Inc. raised its holdings in Matrix Service by 83.4% during the 1st quarter. American Century Companies Inc. now owns 540,909 shares of the company's stock worth $6,723,000 after purchasing an additional 246,020 shares during the last quarter. Finally, Boston Partners raised its holdings in Matrix Service by 787.1% during the 1st quarter. Boston Partners now owns 492,772 shares of the company's stock worth $6,123,000 after purchasing an additional 437,222 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Matrix Service Stock Performance

NASDAQ:MTRX traded up $0.44 on Friday, hitting $15.36. 189,166 shares of the stock were exchanged, compared to its average volume of 118,924. The stock has a market capitalization of $424.09 million, a price-to-earnings ratio of -18.96, a P/E/G ratio of 1.54 and a beta of 1.12. Matrix Service Company has a 52 week low of $9.14 and a 52 week high of $16.10. The company's 50-day moving average price is $14.20 and its 200 day moving average price is $13.01.

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.