Assenagon Asset Management S.A. Has $424,000 Stock Holdings in Matrix Service Company (NASDAQ:MTRX)

Assenagon Asset Management S.A. grew its holdings in Matrix Service Company (NASDAQ:MTRX) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,097 shares of the company’s stock after buying an additional 6,857 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of Matrix Service worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Matrix Service by 180.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company’s stock worth $32,000 after purchasing an additional 1,746 shares during the period. Legal & General Group Plc increased its position in Matrix Service by 29.6% in the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company’s stock worth $99,000 after purchasing an additional 1,881 shares during the period. Aquatic Capital Management LLC acquired a new stake in Matrix Service in the fourth quarter worth about $99,000. Cubist Systematic Strategies LLC acquired a new stake in Matrix Service in the fourth quarter worth about $120,000. Finally, Martingale Asset Management L P acquired a new stake in Matrix Service in the fourth quarter worth about $174,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Stock Up 0.3%

Shares of MTRX stock opened at $12.71 on Friday. The stock has a 50-day moving average price of $12.00 and a 200 day moving average price of $12.65. The firm has a market cap of $350.92 million, a price-to-earnings ratio of -15.69 and a beta of 1.03. Matrix Service Company has a 12 month low of $8.61 and a 12 month high of $15.75.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $200.16 million during the quarter, compared to analyst estimates of $215.06 million. Matrix Service had a negative return on equity of 14.08% and a negative net margin of 3.04%. Sell-side analysts predict that Matrix Service Company will post -0.26 earnings per share for the current fiscal 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.