Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,943 shares of the company's stock after buying an additional 110,641 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.00% of Matrix Service worth $3,315,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MTRX. R Squared Ltd acquired a new position in Matrix Service during the fourth quarter worth $45,000. Quarry LP acquired a new position in Matrix Service during the third quarter worth $53,000. BNP Paribas Financial Markets raised its holdings 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 during the last quarter. SG Americas Securities LLC raised its holdings in Matrix Service by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock worth $133,000 after buying an additional 1,731 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Matrix Service during the third quarter worth $155,000. Institutional investors and hedge funds own 78.38% of the company's stock.
Wall Street Analysts Forecast Growth
MTRX has been the subject of several analyst reports. StockNews.com downgraded shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. DA Davidson increased 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.
Read Our Latest Report on MTRX
Matrix Service Price Performance
Shares of MTRX stock traded down $0.60 on Friday, hitting $12.49. The stock had a trading volume of 711,599 shares, compared to its average volume of 204,419. The business has a 50 day moving average of $13.64 and a 200 day moving average of $12.51. The stock has a market cap of $344.81 million, a price-to-earnings ratio of -10.24 and a beta of 1.11. 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 earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating 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, research analysts expect that Matrix Service will post -0.26 earnings per share for the current fiscal year.
Matrix Service Profile
(
Free Report)
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.
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