BNP Paribas Financial Markets boosted its position in shares of Matrix Service (NASDAQ:MTRX – Free Report) by 112.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,165 shares of the company’s stock after buying an additional 4,860 shares during the quarter. BNP Paribas Financial Markets’ holdings in Matrix Service were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Azarias Capital Management L.P. raised its holdings in shares of Matrix Service by 28.5% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock valued at $12,643,000 after purchasing an additional 282,086 shares during the period. Dimensional Fund Advisors LP raised its stake in Matrix Service by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company’s stock valued at $11,644,000 after buying an additional 3,215 shares during the period. Royce & Associates LP lifted its position in shares of Matrix Service by 14.3% in the third quarter. Royce & Associates LP now owns 863,262 shares of the company’s stock valued at $9,953,000 after buying an additional 107,820 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Matrix Service by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock worth $5,714,000 after acquiring an additional 65,902 shares during the period. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Matrix Service by 2.7% during the 3rd quarter. Stanley Laman Group Ltd. now owns 335,444 shares of the company’s stock worth $3,868,000 after acquiring an additional 8,823 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.
Analysts Set New Price Targets
MTRX has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and set a $18.00 price target on shares of Matrix Service in a report on Thursday, September 26th. StockNews.com raised shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.
Matrix Service Stock Down 6.0 %
Shares of NASDAQ:MTRX opened at $12.30 on Thursday. Matrix Service has a 12-month low of $8.61 and a 12-month high of $13.90. The business has a 50 day moving average of $12.41 and a 200-day moving average of $10.97. The stock has a market cap of $338.93 million, a PE ratio of -10.98 and a beta of 1.27.
Matrix Service (NASDAQ:MTRX – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.01). Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. The firm had revenue of $165.58 million during the quarter, compared to the consensus estimate of $183.90 million. During the same quarter last year, the firm earned ($0.21) earnings per share. Equities research analysts expect that Matrix Service will post -0.04 earnings per share 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.
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