Trexquant Investment LP Takes $317,000 Position in Matrix Service (NASDAQ:MTRX)

Trexquant Investment LP purchased a new position in shares of Matrix Service (NASDAQ:MTRXFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,391 shares of the company’s stock, valued at approximately $317,000. Trexquant Investment LP owned about 0.12% of Matrix Service as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTRX. Azarias Capital Management L.P. raised its holdings in shares of Matrix Service by 25.8% during the fourth quarter. Azarias Capital Management L.P. now owns 1,261,761 shares of the company’s stock valued at $12,340,000 after acquiring an additional 258,390 shares during the last quarter. Gendell Jeffrey L raised its stake in Matrix Service by 18.6% in the 3rd quarter. Gendell Jeffrey L now owns 825,000 shares of the company’s stock valued at $9,735,000 after purchasing an additional 129,441 shares during the last quarter. Boston Partners lifted its holdings in Matrix Service by 3.4% in the 3rd quarter. Boston Partners now owns 468,044 shares of the company’s stock valued at $5,523,000 after purchasing an additional 15,324 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Matrix Service by 21.6% during the 3rd quarter. Acadian Asset Management LLC now owns 361,988 shares of the company’s stock worth $4,270,000 after purchasing an additional 64,276 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Matrix Service by 1.6% during the fourth quarter. Russell Investments Group Ltd. now owns 211,277 shares of the company’s stock worth $2,066,000 after buying an additional 3,285 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matrix Service

In other news, CEO John R. Hewitt sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total transaction of $132,500.00. Following the completion of the sale, the chief executive officer now owns 477,891 shares in the company, valued at approximately $6,332,055.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Matrix Service news, VP Kevin A. Durkin sold 3,900 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $13.14, for a total transaction of $51,246.00. Following the completion of the transaction, the vice president now owns 72,231 shares of the company’s stock, valued at $949,115.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John R. Hewitt sold 10,000 shares of Matrix Service stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total transaction of $132,500.00. Following the sale, the chief executive officer now owns 477,891 shares of the company’s stock, valued at $6,332,055.75. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Matrix Service Stock Performance

Shares of Matrix Service stock opened at $11.92 on Tuesday. The business’s 50 day moving average price is $11.88 and its 200 day moving average price is $11.13. The company has a market cap of $325.54 million, a price-to-earnings ratio of -15.68 and a beta of 1.27. Matrix Service has a one year low of $5.30 and a one year high of $13.90.

Matrix Service (NASDAQ:MTRXGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.40). Matrix Service had a negative return on equity of 15.99% and a negative net margin of 2.81%. The company had revenue of $166.01 million for the quarter, compared to analysts’ expectations of $200.58 million. On average, analysts predict that Matrix Service will post -1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Matrix Service

Matrix Service Profile

(Free Report)

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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Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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