Matrix Service (NASDAQ:MTRX) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Matrix Service (NASDAQ:MTRX - Free Report) by 523.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,889 shares of the company's stock after purchasing an additional 247,578 shares during the quarter. American Century Companies Inc. owned about 1.07% of Matrix Service worth $3,530,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 valued at $3,315,000 after purchasing an additional 110,641 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $1,045,000 after buying an additional 60,838 shares during the last quarter. State Street Corp grew its holdings in shares of Matrix Service by 17.0% during the third quarter. State Street Corp now owns 384,173 shares of the company's stock worth $4,430,000 after buying an additional 55,691 shares during the last quarter. Royce & Associates LP increased its position in Matrix Service by 4.0% in the 4th quarter. Royce & Associates LP now owns 898,122 shares of the company's stock valued at $10,751,000 after acquiring an additional 34,860 shares during the period. Finally, Barclays PLC raised its stake in Matrix Service by 90.8% during the 3rd quarter. Barclays PLC now owns 53,435 shares of the company's stock valued at $616,000 after acquiring an additional 25,434 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Matrix Service Trading Down 0.3 %

Shares of NASDAQ:MTRX traded down $0.03 during midday trading on Friday, hitting $10.19. The stock had a trading volume of 122,045 shares, compared to its average volume of 209,132. The company has a market capitalization of $281.32 million, a PE ratio of -8.35 and a beta of 1.01. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.75. The stock has a 50 day moving average price of $12.73 and a two-hundred day moving average price of $12.64.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) earnings per share 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 analysts expect that Matrix Service will post -0.26 EPS 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.