Stanley Laman Group Ltd. Sells 80,940 Shares of Matrix Service (NASDAQ:MTRX)

Stanley Laman Group Ltd. trimmed its position in Matrix Service (NASDAQ:MTRX - Free Report) by 25.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,308 shares of the company's stock after selling 80,940 shares during the quarter. Stanley Laman Group Ltd. owned 0.85% of Matrix Service worth $2,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted 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 acquiring an additional 1,028 shares during the period. Charles Schwab Investment Management Inc. raised its position in Matrix Service by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,843 shares of the company's stock worth $908,000 after purchasing an additional 2,576 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Matrix Service by 15.8% during the fourth quarter. Victory Capital Management Inc. now owns 84,078 shares of the company's stock worth $1,006,000 after purchasing an additional 11,491 shares during the period. Saturna Capital Corp boosted its holdings in Matrix Service by 10.1% during the fourth quarter. Saturna Capital Corp now owns 32,694 shares of the company's stock valued at $391,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Matrix Service by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 276,943 shares of the company's stock valued at $3,315,000 after purchasing an additional 110,641 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Matrix Service Price Performance

Shares of MTRX traded up $0.27 during mid-day trading on Monday, reaching $12.44. The company had a trading volume of 98,228 shares, compared to its average volume of 205,622. Matrix Service has a twelve month low of $8.61 and a twelve month high of $15.75. The company's 50-day moving average is $11.89 and its 200-day moving average is $12.65. The company has a market capitalization of $343.48 million, a P/E ratio of -10.20 and a beta of 1.03.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. The company had revenue of $200.16 million for the quarter, compared to the consensus estimate of $215.06 million. As a group, equities analysts expect that Matrix Service will post -0.26 EPS for the current fiscal 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.