EntryPoint Capital LLC Sells 45,451 Shares of Matrix Service (NASDAQ:MTRX)

EntryPoint Capital LLC lowered its holdings in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 67.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,117 shares of the company's stock after selling 45,451 shares during the period. EntryPoint Capital LLC owned 0.08% of Matrix Service worth $265,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Matrix Service in the 4th quarter worth about $45,000. Quarry LP acquired a new stake in shares of Matrix Service in the third quarter valued at approximately $53,000. BNP Paribas Financial Markets grew 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 worth $106,000 after buying an additional 4,860 shares in the last quarter. SG Americas Securities LLC increased 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 worth $133,000 after acquiring an additional 1,731 shares during the period. Finally, Virtu Financial LLC acquired a new position in Matrix Service in the 3rd quarter valued at $155,000. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Stock Down 1.1 %

Shares of MTRX stock traded down $0.14 during trading hours on Tuesday, reaching $12.30. The company's stock had a trading volume of 68,265 shares, compared to its average volume of 205,787. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $15.75. The company has a market capitalization of $339.43 million, a price-to-earnings ratio of -10.10 and a beta of 1.11. The firm's 50 day simple moving average is $13.51 and its 200-day simple moving average is $12.68.

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Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates 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%. Sell-side analysts predict that Matrix Service will post -0.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on MTRX. StockNews.com cut Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. DA Davidson raised their target price on shares of Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, February 11th.

Matrix Service Company 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.