Quarry LP bought a new position in Matrix Service (NASDAQ:MTRX – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,617 shares of the company’s stock, valued at approximately $53,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in shares of Matrix Service in the 2nd quarter worth about $83,000. BNP Paribas Financial Markets raised its holdings 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 valued at $106,000 after buying an additional 4,860 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Matrix Service during the third quarter worth approximately $108,000. The Manufacturers Life Insurance Company bought a new position in Matrix Service in the 2nd quarter worth approximately $110,000. Finally, Net Worth Advisory Group acquired a new stake in Matrix Service in the 3rd quarter valued at approximately $125,000. 78.38% of the stock is currently owned by institutional investors.
Matrix Service Price Performance
NASDAQ MTRX opened at $12.62 on Tuesday. Matrix Service has a 12 month low of $8.61 and a 12 month high of $13.90. The firm has a market capitalization of $347.81 million, a PE ratio of -11.27 and a beta of 1.27. The company’s 50 day simple moving average is $12.22 and its 200 day simple moving average is $10.89.
Analyst Ratings Changes
MTRX has been the subject of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of Matrix Service in a research report on Thursday, September 26th. StockNews.com raised shares of Matrix Service from a “hold” rating to a “buy” rating in a report on Tuesday.
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.
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