WINTON GROUP Ltd Grows Stake in Matrix Service (NASDAQ:MTRX)

WINTON GROUP Ltd grew its position in shares of Matrix Service (NASDAQ:MTRX - Free Report) by 355.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,199 shares of the company's stock after purchasing an additional 62,578 shares during the period. WINTON GROUP Ltd owned approximately 0.29% of Matrix Service worth $960,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MTRX. BNP Paribas Financial Markets increased its stake in shares of 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 period. MetLife Investment Management LLC raised its stake in Matrix Service by 129.1% in the third quarter. MetLife Investment Management LLC now owns 15,519 shares of the company's stock valued at $179,000 after buying an additional 8,744 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Matrix Service by 5.8% during the 3rd quarter. Verition Fund Management LLC now owns 22,639 shares of the company's stock worth $261,000 after acquiring an additional 1,239 shares in the last quarter. Harvey Partners LLC lifted its stake in Matrix Service by 8.2% during the third quarter. Harvey Partners LLC now owns 1,515,000 shares of the company's stock worth $17,468,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Needham Investment Management LLC boosted its holdings in shares of Matrix Service by 38.5% in the 3rd quarter. Needham Investment Management LLC now owns 1,420,000 shares of the company's stock valued at $16,373,000 after buying an additional 395,000 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

MTRX has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.

Matrix Service Stock Up 0.2 %

Shares of NASDAQ MTRX traded up $0.03 during mid-day trading on Tuesday, hitting $12.46. 164,026 shares of the company were exchanged, compared to its average volume of 206,144. The stock has a 50 day simple moving average of $13.51 and a 200-day simple moving average of $12.68. Matrix Service has a 1-year low of $8.61 and a 1-year high of $15.75. The firm has a market cap of $343.98 million, a price-to-earnings ratio of -10.21 and a beta of 1.11.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (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%. Analysts anticipate that Matrix Service will post -0.26 earnings per share for the current fiscal year.

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.