Azarias Capital Management L.P. Sells 220,154 Shares of Matrix Service (NASDAQ:MTRX)

Azarias Capital Management L.P. trimmed its position in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,218,105 shares of the company's stock after selling 220,154 shares during the period. Matrix Service comprises approximately 6.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 3rd biggest holding. Azarias Capital Management L.P. owned about 4.42% of Matrix Service worth $14,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Matrix Service by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company's stock valued at $1,045,000 after purchasing an additional 60,838 shares in the last quarter. Barclays PLC boosted its stake in shares of Matrix Service by 90.8% during the 3rd quarter. Barclays PLC now owns 53,435 shares of the company's stock worth $616,000 after acquiring an additional 25,434 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Matrix Service by 112.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company's stock valued at $106,000 after acquiring an additional 4,860 shares during the last quarter. State Street Corp raised its stake in shares of Matrix Service by 17.0% in the 3rd quarter. State Street Corp now owns 384,173 shares of the company's stock valued at $4,430,000 after acquiring an additional 55,691 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Matrix Service by 43.9% during the third quarter. Jane Street Group LLC now owns 50,640 shares of the company's stock worth $584,000 after purchasing an additional 15,444 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

MTRX has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on shares of Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a report on Friday.

Matrix Service Price Performance

MTRX stock traded down $0.16 on Monday, reaching $15.20. 180,075 shares of the company were exchanged, compared to its average volume of 214,635. The firm has a market capitalization of $418.91 million, a PE ratio of -12.46 and a beta of 1.28. The stock's fifty day moving average price is $13.41 and its 200 day moving average price is $11.96. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.75.

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, topping the consensus estimate 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, research analysts expect that Matrix Service will post -0.04 EPS 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.