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

Westerly Capital Management LLC lifted its stake in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,150,000 shares of the company's stock after acquiring an additional 50,000 shares during the period. Matrix Service accounts for about 6.4% of Westerly Capital Management LLC's portfolio, making the stock its 4th largest position. Westerly Capital Management LLC owned approximately 4.17% of Matrix Service worth $13,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. ACK Asset Management LLC increased its position in shares of Matrix Service by 47.3% during the fourth quarter. ACK Asset Management LLC now owns 1,179,901 shares of the company's stock worth $14,123,000 after acquiring an additional 378,901 shares in the last quarter. American Century Companies Inc. increased its holdings in Matrix Service by 523.3% during the 4th quarter. American Century Companies Inc. now owns 294,889 shares of the company's stock worth $3,530,000 after purchasing an additional 247,578 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Matrix Service by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 276,943 shares of the company's stock worth $3,315,000 after purchasing an additional 110,641 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Matrix Service by 355.1% in the fourth quarter. WINTON GROUP Ltd now owns 80,199 shares of the company's stock valued at $960,000 after purchasing an additional 62,578 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Matrix Service by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company's stock valued at $1,045,000 after buying an additional 60,838 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTRX. DA Davidson increased their price target on Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. StockNews.com downgraded Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.

Matrix Service Trading Down 2.2 %

Shares of NASDAQ:MTRX traded down $0.27 during trading on Monday, reaching $12.22. The company had a trading volume of 66,818 shares, compared to its average volume of 212,962. The company has a fifty day moving average of $11.77 and a two-hundred day moving average of $12.63. The stock has a market capitalization of $337.39 million, a P/E ratio of -10.03 and a beta of 1.01. 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 released its earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts predict that Matrix Service will post -0.26 earnings per share for the current year.

About Matrix Service

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.