Matrix Service Company $MTRX Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in shares of Matrix Service Company (NASDAQ:MTRX) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,492 shares of the company’s stock after selling 10,357 shares during the period. Invesco Ltd. owned about 0.31% of Matrix Service worth $1,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Matrix Service by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company’s stock valued at $485,000 after acquiring an additional 1,388 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Matrix Service by 180.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company’s stock worth $32,000 after buying an additional 1,746 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Matrix Service in the first quarter worth $30,000. Wells Fargo & Company MN increased its position in Matrix Service by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 16,569 shares of the company’s stock worth $198,000 after buying an additional 3,382 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Matrix Service by 40.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,252 shares of the company’s stock worth $195,000 after buying an additional 4,644 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Matrix Service Price Performance

Shares of NASDAQ MTRX opened at $14.85 on Wednesday. Matrix Service Company has a 1-year low of $9.14 and a 1-year high of $16.10. The business’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $13.03. The firm has a market capitalization of $410.01 million, a PE ratio of -18.33, a P/E/G ratio of 1.51 and a beta of 1.13.

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.