Marshall Wace LLP Trims Stock Position in Matrix Service (NASDAQ:MTRX)

Marshall Wace LLP trimmed its holdings in Matrix Service (NASDAQ:MTRX - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,369 shares of the company's stock after selling 56,946 shares during the period. Marshall Wace LLP owned approximately 0.40% of Matrix Service worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Matrix Service by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company's stock worth $1,045,000 after purchasing an additional 60,838 shares during the last quarter. Barclays PLC boosted its stake in Matrix Service by 90.8% during the third quarter. Barclays PLC now owns 53,435 shares of the company's stock worth $616,000 after buying an additional 25,434 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 acquiring an additional 110,641 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Matrix Service by 523.3% in the 4th quarter. American Century Companies Inc. now owns 294,889 shares of the company's stock valued at $3,530,000 after acquiring an additional 247,578 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of Matrix Service in the 4th quarter worth approximately $722,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Matrix Service Stock Up 3.0 %

NASDAQ MTRX traded up $0.36 during trading hours on Friday, hitting $12.49. 153,854 shares of the company were exchanged, compared to its average volume of 213,533. Matrix Service has a 52-week low of $8.61 and a 52-week high of $15.75. The firm has a market cap of $344.81 million, a price-to-earnings ratio of -10.24 and a beta of 1.01. The company has a 50 day moving average of $11.77 and a two-hundred day moving average of $12.63.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. On average, equities research analysts predict that Matrix Service will post -0.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTRX shares. StockNews.com lowered Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. DA Davidson raised their price objective 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.

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.