WINTON GROUP Ltd Increases Holdings in Matrix Service Company $MTRX

WINTON GROUP Ltd increased its stake in shares of Matrix Service Company (NASDAQ:MTRX) by 256.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 61,693 shares of the company’s stock after purchasing an additional 44,376 shares during the period. WINTON GROUP Ltd’s holdings in Matrix Service were worth $833,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MTRX. Boston Partners increased its position in shares of Matrix Service by 787.1% during the first quarter. Boston Partners now owns 492,772 shares of the company’s stock valued at $6,123,000 after buying an additional 437,222 shares during the period. AQR Capital Management LLC boosted its position in shares of Matrix Service by 601.5% in the first quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after acquiring an additional 250,206 shares during the period. American Century Companies Inc. grew its stake in Matrix Service by 83.4% during the first quarter. American Century Companies Inc. now owns 540,909 shares of the company’s stock valued at $6,723,000 after acquiring an additional 246,020 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Matrix Service by 60.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 509,194 shares of the company’s stock worth $6,879,000 after acquiring an additional 192,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Matrix Service by 288.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock worth $2,877,000 after purchasing an additional 158,104 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set a $17.00 price target on shares of Matrix Service in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.00.

Matrix Service Price Performance

Shares of NASDAQ:MTRX opened at $12.48 on Friday. The company’s fifty day moving average price is $12.70 and its 200-day moving average price is $13.39. The firm has a market capitalization of $350.94 million, a price-to-earnings ratio of -14.68, a PEG ratio of 2.11 and a beta of 0.96. Matrix Service Company has a one year low of $9.33 and a one year high of $16.10.

Matrix Service (NASDAQ:MTRX) last announced its earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $211.88 million during the quarter, compared to analyst estimates of $206.66 million. Matrix Service had a negative net margin of 2.93% and a negative return on equity of 11.68%. As a group, equities research analysts expect that Matrix Service Company will post -0.26 EPS for the current year.

Insider Transactions at Matrix Service

In other news, insider Shawn P. Payne sold 8,250 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $12.58, for a total transaction of $103,785.00. Following the transaction, the insider directly owned 110,429 shares in the company, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Chandler acquired 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were purchased at an average cost of $12.74 per share, for a total transaction of $29,302.00. Following the completion of the acquisition, the director owned 78,053 shares in the company, valued at $994,395.22. This represents a 3.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 16,500 shares of company stock valued at $198,000 over the last quarter. Company insiders own 4.40% of the company’s stock.

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.