New York State Teachers Retirement System Invests $30,000 in Matrix Service Company (NASDAQ:MTRX)

New York State Teachers Retirement System purchased a new stake in Matrix Service Company (NASDAQ:MTRX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,421 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew 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 valued at $32,000 after acquiring an additional 1,746 shares in the last quarter. Legal & General Group Plc boosted its holdings 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 position in Matrix Service in the fourth quarter worth $99,000. Cubist Systematic Strategies LLC acquired a new position in Matrix Service in the fourth quarter worth $120,000. Finally, Martingale Asset Management L P acquired a new position in Matrix Service in the fourth quarter worth $174,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Matrix Service Price Performance

Matrix Service stock opened at $13.36 on Friday. The company has a market cap of $368.87 million, a PE ratio of -16.49, a P/E/G ratio of 1.34 and a beta of 1.05. Matrix Service Company has a 12 month low of $8.65 and a 12 month high of $15.75. The company has a fifty day moving average price of $12.81 and a two-hundred day moving average price of $12.73.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Matrix Service had a negative net margin of 3.04% and a negative return on equity of 14.08%. The company had revenue of $200.16 million during the quarter, compared to the consensus estimate of $215.06 million. Equities research analysts anticipate that Matrix Service Company will post -0.26 earnings per share for the current year.

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.