New York State Teachers Retirement System held its stake in Matrix Service Company (NASDAQ:MTRX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,490 shares of the oil and gas company’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Matrix Service were worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in Matrix Service by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the oil and gas company’s stock worth $178,000 after buying an additional 100 shares in the last quarter. Wedbush Securities Inc. increased its stake in Matrix Service by 0.5% in the first quarter. Wedbush Securities Inc. now owns 27,481 shares of the oil and gas company’s stock worth $453,000 after buying an additional 148 shares in the last quarter. Arizona State Retirement System increased its stake in Matrix Service by 1.5% in the first quarter. Arizona State Retirement System now owns 13,848 shares of the oil and gas company’s stock worth $228,000 after buying an additional 200 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Matrix Service by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,793 shares of the oil and gas company’s stock worth $129,000 after buying an additional 315 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Matrix Service by 0.3% in the first quarter. Nationwide Fund Advisors now owns 116,642 shares of the oil and gas company’s stock worth $1,925,000 after buying an additional 352 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Matrix Service Company (MTRX) opened at 9.55 on Thursday. The company has a market capitalization of $254.03 million, a PE ratio of 25.74 and a beta of 0.73. The firm’s 50 day moving average price is $8.82 and its 200-day moving average price is $14.49. Matrix Service Company has a 12-month low of $7.80 and a 12-month high of $23.45.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.66. The company had revenue of $251.20 million during the quarter, compared to analysts’ expectations of $248.51 million. Matrix Service had a return on equity of 3.07% and a net margin of 0.78%. Matrix Service’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. On average, equities analysts anticipate that Matrix Service Company will post ($0.01) earnings per share for the current fiscal year.

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A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, April 15th. TheStreet downgraded shares of Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th. ValuEngine downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stephens reissued a “hold” rating on shares of Matrix Service in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.00.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.

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Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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