Jacobs Levy Equity Management Inc. Has $1.86 Million Stock Holdings in Matrix Service (NASDAQ:MTRX)

Jacobs Levy Equity Management Inc. increased its position in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,437 shares of the company's stock after acquiring an additional 19,923 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.56% of Matrix Service worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Matrix Service by 2.7% in the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock valued at $475,000 after purchasing an additional 1,028 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Matrix Service by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock worth $485,000 after buying an additional 1,388 shares during the last quarter. SG Americas Securities LLC boosted its stake in Matrix Service by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock valued at $133,000 after buying an additional 1,731 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Matrix Service by 180.6% in the fourth 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 during the last quarter. Finally, Money Concepts Capital Corp grew its position in Matrix Service by 1.7% in the fourth quarter. Money Concepts Capital Corp now owns 108,057 shares of the company's stock valued at $1,293,000 after acquiring an additional 1,790 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Matrix Service Price Performance

MTRX stock traded down $0.29 during midday trading on Wednesday, reaching $12.40. 45,578 shares of the stock were exchanged, compared to its average volume of 207,725. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75. The company has a fifty day moving average price of $11.86 and a 200 day moving average price of $12.73. The stock has a market capitalization of $342.24 million, a PE ratio of -10.15 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTRX. DA Davidson raised their price target on shares of Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research note 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.