Matrix Service Company (NASDAQ:MTRX) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Matrix Service Company (NASDAQ:MTRX) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,540 shares of the company’s stock after purchasing an additional 6,462 shares during the quarter. Victory Capital Management Inc. owned 0.33% of Matrix Service worth $1,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTRX. New York State Teachers Retirement System purchased a new position in shares of Matrix Service in the first quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 1,746 shares in the last quarter. Legal & General Group Plc increased its position in shares of 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 acquiring an additional 1,881 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Matrix Service in the fourth quarter worth approximately $99,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Matrix Service in the fourth quarter worth approximately $120,000. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Price Performance

Matrix Service stock opened at $15.61 on Thursday. The firm’s 50 day simple moving average is $13.35 and its 200-day simple moving average is $12.95. The company has a market cap of $430.99 million, a P/E ratio of -19.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. Matrix Service Company has a fifty-two week low of $8.65 and a fifty-two week high of $16.11.

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). 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 for the quarter, compared to analysts’ expectations of $215.06 million. On average, analysts expect that Matrix Service Company will post -0.26 EPS for the current fiscal 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.