AJOVista LLC Acquires Shares of 4,931 Matrix Service (NASDAQ:MTRX)

AJOVista LLC bought a new stake in Matrix Service (NASDAQ:MTRX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,931 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Matrix Service during the third quarter worth $144,000. Algert Global LLC boosted its holdings in shares of Matrix Service by 17.9% in the third quarter. Algert Global LLC now owns 12,490 shares of the company’s stock valued at $147,000 after acquiring an additional 1,900 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Matrix Service during the third quarter worth about $245,000. Barclays PLC raised its holdings in Matrix Service by 382.9% during the third quarter. Barclays PLC now owns 31,000 shares of the company’s stock worth $366,000 after purchasing an additional 24,580 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Matrix Service in the third quarter valued at about $516,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Kevin A. Durkin sold 3,900 shares of Matrix Service stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.72, for a total transaction of $49,608.00. Following the completion of the transaction, the vice president now directly owns 76,131 shares of the company’s stock, valued at $968,386.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Matrix Service news, CEO John R. Hewitt sold 10,000 shares of Matrix Service stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total value of $132,500.00. Following the completion of the sale, the chief executive officer now directly owns 477,891 shares of the company’s stock, valued at approximately $6,332,055.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin A. Durkin sold 3,900 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.72, for a total transaction of $49,608.00. Following the transaction, the vice president now directly owns 76,131 shares of the company’s stock, valued at approximately $968,386.32. The disclosure for this sale can be found here. Insiders have sold a total of 17,800 shares of company stock worth $233,354 in the last quarter. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th.

Matrix Service Stock Up 1.4 %

NASDAQ:MTRX opened at $11.90 on Monday. The firm’s fifty day simple moving average is $12.41 and its 200-day simple moving average is $11.14. Matrix Service has a fifty-two week low of $5.25 and a fifty-two week high of $13.90.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, February 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). Matrix Service had a negative return on equity of 12.50% and a negative net margin of 2.49%. The company had revenue of $175.04 million for the quarter, compared to analyst estimates of $195.27 million. As a group, analysts forecast that Matrix Service will post -0.35 EPS for the current 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.