WealthTrust Axiom LLC Lowers Holdings in Matrix Service Company $MTRX

Key Points

• WealthTrust Axiom LLC significantly reduced its stake in Matrix Service Company, decreasing its holdings by 77.6% to 16,000 shares, valued at $199,000.
• Other institutional investors, including the New York State Teachers Retirement System and Tower Research Capital LLC, have continued to invest in Matrix Service, showing increased interest in the stock.
• As of the latest report, Matrix Service Company has a market cap of $416.36 million and its stock has fluctuated between a one year low of $9.14 and a high of $16.10.

WealthTrust Axiom LLC reduced its stake in Matrix Service Company (NASDAQ:MTRX - Free Report) by 77.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,000 shares of the company's stock after selling 55,547 shares during the period. WealthTrust Axiom LLC owned 0.06% of Matrix Service worth $199,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Westerly Capital Management LLC grew its position in shares of Matrix Service by 4.5% during the fourth quarter. Westerly Capital Management LLC now owns 1,150,000 shares of the company's stock worth $13,766,000 after acquiring an additional 50,000 shares during the last quarter. American Century Companies Inc. grew its position in shares of Matrix Service by 83.4% during the first quarter. American Century Companies Inc. now owns 540,909 shares of the company's stock worth $6,723,000 after acquiring an additional 246,020 shares during the last quarter. CenterBook Partners LP grew its position in shares of Matrix Service by 789.6% during the first quarter. CenterBook Partners LP now owns 536,447 shares of the company's stock worth $6,668,000 after acquiring an additional 476,148 shares during the last quarter. Boston Partners grew its position in shares of Matrix Service by 787.1% during the first quarter. Boston Partners now owns 492,772 shares of the company's stock worth $6,123,000 after acquiring an additional 437,222 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Matrix Service by 244.6% during the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company's stock worth $5,014,000 after acquiring an additional 286,326 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Matrix Service Price Performance

Shares of MTRX traded down $0.61 during mid-day trading on Friday, reaching $15.13. 128,950 shares of the company's stock were exchanged, compared to its average volume of 117,878. The stock has a market capitalization of $417.75 million, a PE ratio of -18.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The business's fifty day simple moving average is $14.47 and its 200-day simple moving average is $13.05. Matrix Service Company has a 52-week low of $9.14 and a 52-week high of $16.10.

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.