State of Wyoming Buys 29,866 Shares of Matrix Service (NASDAQ:MTRX)

State of Wyoming raised its position in Matrix Service (NASDAQ:MTRX - Free Report) by 557.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,224 shares of the company's stock after acquiring an additional 29,866 shares during the period. State of Wyoming owned about 0.13% of Matrix Service worth $422,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Matrix Service by 180.6% during the 4th 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 in the last quarter. R Squared Ltd bought a new position in Matrix Service during the fourth quarter worth about $45,000. Legal & General Group Plc boosted its holdings in Matrix Service by 29.6% during the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock valued at $99,000 after purchasing an additional 1,881 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Matrix Service in the 4th quarter valued at approximately $99,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Matrix Service in the 4th quarter worth approximately $120,000. Institutional investors own 78.38% of the company's stock.

Matrix Service Stock Up 0.7%

NASDAQ:MTRX traded up $0.09 on Monday, reaching $12.13. The stock had a trading volume of 103,798 shares, compared to its average volume of 208,318. The company has a market capitalization of $334.92 million, a P/E ratio of -9.94 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 stock has a fifty day moving average price of $11.83 and a 200-day moving average price of $12.73.

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

Wall Street Analyst Weigh In

MTRX has been the subject of several analyst reports. DA Davidson raised their target price on Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wall Street Zen cut Matrix Service from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th.

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.