EntryPoint Capital LLC Has $149,000 Stock Position in Matrix Service (NASDAQ:MTRX)

EntryPoint Capital LLC cut its holdings in shares of Matrix Service (NASDAQ:MTRX) by 51.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,434 shares of the company’s stock after selling 11,889 shares during the period. EntryPoint Capital LLC’s holdings in Matrix Service were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its position in Matrix Service by 11.8% during the 1st quarter. Acadian Asset Management LLC now owns 421,808 shares of the company’s stock valued at $5,494,000 after purchasing an additional 44,419 shares during the period. Vanguard Group Inc. lifted its position in Matrix Service by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company’s stock valued at $15,946,000 after purchasing an additional 11,587 shares during the period. Essex Investment Management Co. LLC lifted its position in Matrix Service by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 205,561 shares of the company’s stock valued at $2,678,000 after purchasing an additional 3,157 shares during the period. Quadrature Capital Ltd lifted its position in Matrix Service by 38.8% during the 4th quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock valued at $281,000 after purchasing an additional 8,059 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Matrix Service by 222.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,063 shares of the company’s stock valued at $40,000 after purchasing an additional 2,802 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Stock Performance

Shares of NASDAQ:MTRX traded up $0.08 during mid-day trading on Friday, reaching $10.48. The stock had a trading volume of 22,191 shares, compared to its average volume of 245,316. The firm has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $11.15. Matrix Service has a twelve month low of $6.02 and a twelve month high of $13.90.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.40). The firm had revenue of $166.01 million during the quarter, compared to analyst estimates of $200.58 million. Matrix Service had a negative net margin of 2.81% and a negative return on equity of 15.99%. As a group, sell-side analysts forecast that Matrix Service will post -1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, May 10th.

About Matrix Service

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.