Matrix Service (NASDAQ:MTRX) is Westerly Capital Management LLC's 4th Largest Position

Westerly Capital Management LLC raised its position in Matrix Service (NASDAQ:MTRX - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,150,000 shares of the company's stock after buying an additional 50,000 shares during the period. Matrix Service accounts for 6.4% of Westerly Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Westerly Capital Management LLC owned 4.17% of Matrix Service worth $13,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTRX. Northern Trust Corp boosted its holdings in Matrix Service by 6.3% in the 4th quarter. Northern Trust Corp now owns 252,557 shares of the company's stock worth $3,023,000 after buying an additional 15,015 shares during the period. Aquatic Capital Management LLC bought a new position in Matrix Service in the 4th quarter valued at $99,000. Oberweis Asset Management Inc. grew its position in shares of Matrix Service by 4.7% during the 4th quarter. Oberweis Asset Management Inc. now owns 221,075 shares of the company's stock valued at $2,646,000 after purchasing an additional 10,000 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of Matrix Service in the fourth quarter worth $252,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Matrix Service by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock valued at $485,000 after buying an additional 1,388 shares during the period. 78.38% of the stock is owned by institutional investors.

Matrix Service Trading Up 0.5 %

Shares of Matrix Service stock opened at $11.75 on Wednesday. The firm has a market capitalization of $324.38 million, a PE ratio of -9.63 and a beta of 1.01. The business's 50-day moving average price is $11.84 and its 200-day moving average price is $12.61. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.75.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. As a group, 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 topic of a number of research analyst reports. DA Davidson upped their target price on Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. StockNews.com lowered 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.

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