CenterBook Partners LP Has $6.67 Million Position in Matrix Service Company (NASDAQ:MTRX)

Key Points

• CenterBook Partners LP increased its holdings in Matrix Service Company by 789.6% in the first quarter, owning 536,447 shares worth approximately $6.67 million.
• Matrix Service reported a quarterly loss of ($0.12) EPS, missing analyst estimates, with revenue of $200.16 million against a forecast of $215.06 million.
• The company's stock opened at $14.30 with a 12-month range between $8.81 and $16.10, reflecting a market capitalization of $394.82 million.

CenterBook Partners LP lifted its position in shares of Matrix Service Company (NASDAQ:MTRX - Free Report) by 789.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 536,447 shares of the company's stock after acquiring an additional 476,148 shares during the quarter. CenterBook Partners LP owned approximately 1.94% of Matrix Service worth $6,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Matrix Service during the first quarter worth $30,000. Bank of New York Mellon Corp increased its holdings in Matrix Service by 244.6% in the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company's stock valued at $5,014,000 after purchasing an additional 286,326 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Matrix Service by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 245,828 shares of the company's stock valued at $2,943,000 after purchasing an additional 43,612 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Matrix Service by 14.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 155,437 shares of the company's stock valued at $1,861,000 after purchasing an additional 19,923 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Matrix Service by 25.2% in the first quarter. Assenagon Asset Management S.A. now owns 34,097 shares of the company's stock valued at $424,000 after purchasing an additional 6,857 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Matrix Service Stock Down 0.6%

NASDAQ MTRX traded down $0.10 on Monday, reaching $14.82. The company had a trading volume of 16,408 shares, compared to its average volume of 197,682. Matrix Service Company has a 52 week low of $8.92 and a 52 week high of $16.10. The stock has a market cap of $409.06 million, a price-to-earnings ratio of -18.33, a PEG ratio of 1.49 and a beta of 1.12. The stock's 50 day moving average is $13.69 and its 200-day moving average is $12.95.

Matrix Service Company 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.