Matrix Service (NASDAQ:MTRX) Shares Purchased by Barclays PLC

Barclays PLC raised its position in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 90.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,435 shares of the company's stock after purchasing an additional 25,434 shares during the quarter. Barclays PLC owned 0.19% of Matrix Service worth $616,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MTRX. Quarry LP purchased a new stake in Matrix Service in the third quarter valued at approximately $53,000. BNP Paribas Financial Markets lifted its position in Matrix Service by 112.9% during the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company's stock valued at $106,000 after purchasing an additional 4,860 shares during the period. SG Americas Securities LLC purchased a new stake in Matrix Service in the third quarter valued at $108,000. The Manufacturers Life Insurance Company acquired a new stake in Matrix Service during the 2nd quarter worth about $110,000. Finally, Net Worth Advisory Group purchased a new position in shares of Matrix Service during the 3rd quarter valued at about $125,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MTRX. DA Davidson reaffirmed a "buy" rating and set a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th. StockNews.com raised shares of Matrix Service from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

Matrix Service Trading Up 3.8 %

Shares of Matrix Service stock traded up $0.54 during trading hours on Friday, reaching $14.88. The stock had a trading volume of 311,342 shares, compared to its average volume of 163,767. Matrix Service has a twelve month low of $8.61 and a twelve month high of $14.95. The firm has a market capitalization of $410.09 million, a PE ratio of -13.29 and a beta of 1.28. The stock's 50 day moving average is $12.83 and its 200 day moving average is $11.27.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.01). The business had revenue of $165.58 million for the quarter, compared to analysts' expectations of $183.90 million. Matrix Service had a negative return on equity of 19.56% and a negative net margin of 4.46%. During the same quarter in the prior year, the company posted ($0.21) EPS. As a group, sell-side analysts predict that Matrix Service will post -0.04 earnings per share for the current year.

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.