CenterBook Partners LP Purchases Shares of 60,299 Matrix Service (NASDAQ:MTRX)

CenterBook Partners LP acquired a new position in shares of Matrix Service (NASDAQ:MTRX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,299 shares of the company's stock, valued at approximately $722,000. CenterBook Partners LP owned approximately 0.22% of Matrix Service as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Matrix Service during the fourth quarter valued at about $45,000. Legal & General Group Plc boosted its stake in Matrix Service by 29.6% in the 4th quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock worth $99,000 after purchasing an additional 1,881 shares during the period. BNP Paribas Financial Markets grew its position in Matrix Service by 112.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company's stock worth $106,000 after purchasing an additional 4,860 shares in the last quarter. SG Americas Securities LLC raised its stake in Matrix Service by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock valued at $133,000 after purchasing an additional 1,731 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Matrix Service in the third quarter worth $155,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTRX has been the subject of several research analyst reports. DA Davidson increased their price objective on Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.

Matrix Service Trading Up 2.2 %

MTRX stock traded up $0.24 during mid-day trading on Thursday, hitting $10.95. The stock had a trading volume of 75,285 shares, compared to its average volume of 208,911. Matrix Service has a 1-year low of $8.61 and a 1-year high of $15.75. The company has a fifty day moving average of $12.52 and a 200 day moving average of $12.62. The stock has a market capitalization of $302.30 million, a price-to-earnings ratio of -8.98 and a beta of 1.01.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. As a group, sell-side analysts expect that Matrix Service will post -0.26 earnings per share for the current fiscal 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.