Russell Investments Group Ltd. Has $3.92 Million Stake in Matrix Service Company $MTRX

Russell Investments Group Ltd. grew its holdings in shares of Matrix Service Company (NASDAQ:MTRX) by 28.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,273 shares of the company’s stock after acquiring an additional 69,445 shares during the quarter. Russell Investments Group Ltd. owned 1.14% of Matrix Service worth $3,919,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTRX. JPMorgan Chase & Co. raised its stake in Matrix Service by 21.5% during the fourth quarter. JPMorgan Chase & Co. now owns 110,181 shares of the company’s stock worth $1,319,000 after acquiring an additional 19,518 shares in the last quarter. Wells Fargo & Company MN raised its stake in Matrix Service by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 16,569 shares of the company’s stock worth $198,000 after acquiring an additional 3,382 shares in the last quarter. Legal & General Group Plc raised its stake in Matrix Service by 29.6% during 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. Barclays PLC raised its stake in Matrix Service by 9.5% during the fourth quarter. Barclays PLC now owns 58,521 shares of the company’s stock worth $700,000 after acquiring an additional 5,086 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $32,000 after buying an additional 1,746 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Matrix Service Price Performance

Matrix Service stock opened at $15.36 on Friday. The business has a 50 day moving average of $14.20 and a 200-day moving average of $13.03. Matrix Service Company has a 1 year low of $9.14 and a 1 year high of $16.10. The company has a market capitalization of $424.09 million, a P/E ratio of -18.96, a P/E/G ratio of 1.49 and a beta of 1.12.

Matrix Service 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.