Voya Investment Management LLC Purchases Shares of 21,089 Matrix Service (NASDAQ:MTRX)

Voya Investment Management LLC acquired a new stake in Matrix Service (NASDAQ:MTRX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,089 shares of the company's stock, valued at approximately $252,000. Voya Investment Management LLC owned 0.08% of Matrix Service as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of Matrix Service by 2.7% during the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock valued at $475,000 after acquiring an additional 1,028 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Matrix Service by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock valued at $485,000 after purchasing an additional 1,388 shares in the last quarter. SG Americas Securities LLC increased its position in Matrix Service by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock worth $133,000 after purchasing an additional 1,731 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Matrix Service by 180.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock worth $32,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its holdings in shares of Matrix Service by 1.7% during the 4th quarter. Money Concepts Capital Corp now owns 108,057 shares of the company's stock valued at $1,293,000 after buying an additional 1,790 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Matrix Service Stock Down 0.9%

Shares of NASDAQ:MTRX traded down $0.11 on Friday, reaching $12.77. The company had a trading volume of 148,566 shares, compared to its average volume of 209,103. The stock has a market capitalization of $352.59 million, a P/E ratio of -10.47 and a beta of 1.04. The stock has a 50-day moving average price of $11.85 and a 200 day moving average price of $12.69. Matrix Service has a twelve month low of $8.61 and a twelve month high of $15.75.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $200.16 million for the quarter, compared to the consensus estimate of $215.06 million. On average, sell-side analysts predict that Matrix Service will post -0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MTRX. StockNews.com lowered shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. DA Davidson increased their price target on shares of Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th.

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.