Trexquant Investment LP acquired a new stake in Matrix Service Co (NASDAQ:MTRX) in the first quarter, Holdings Channel reports. The fund acquired 16,350 shares of the oil and gas company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Matrix Service by 4.6% in the 4th quarter. BlackRock Inc. now owns 3,630,556 shares of the oil and gas company’s stock valued at $64,625,000 after purchasing an additional 159,300 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Matrix Service by 123.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 282,390 shares of the oil and gas company’s stock valued at $5,027,000 after purchasing an additional 156,210 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Matrix Service by 31.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 342,449 shares of the oil and gas company’s stock valued at $6,096,000 after purchasing an additional 82,189 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Matrix Service in the 4th quarter valued at about $456,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Matrix Service in the 4th quarter valued at about $1,731,000. 95.01% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on MTRX. BidaskClub cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. ValuEngine upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of Matrix Service opened at $18.50 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $496.11 million, a PE ratio of 154.17 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. Matrix Service Co has a 12 month low of $7.80 and a 12 month high of $20.25.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, May 9th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.27). The company had revenue of $245.70 million for the quarter, compared to analyst estimates of $273.21 million. Matrix Service had a return on equity of 1.02% and a net margin of 0.21%. Matrix Service’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.52) earnings per share. research analysts expect that Matrix Service Co will post 0.22 EPS for the current year.

About Matrix Service

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities.

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

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