Ancora Advisors LLC boosted its position in Matrix Service (NASDAQ:MTRX – Free Report) by 71.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,863 shares of the company’s stock after purchasing an additional 50,940 shares during the quarter. Ancora Advisors LLC owned about 0.45% of Matrix Service worth $1,588,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Matrix Service by 222.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,063 shares of the company’s stock worth $40,000 after purchasing an additional 2,802 shares in the last quarter. AJOVista LLC purchased a new position in Matrix Service during the fourth quarter worth approximately $48,000. Dynamic Technology Lab Private Ltd purchased a new position in Matrix Service during the fourth quarter worth approximately $126,000. Quadrature Capital Ltd boosted its stake in Matrix Service by 38.8% during the fourth quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock worth $281,000 after buying an additional 8,059 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Matrix Service in the 4th quarter valued at $317,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Matrix Service Price Performance
Shares of NASDAQ MTRX opened at $10.12 on Thursday. The company has a market capitalization of $276.38 million, a P/E ratio of -13.32, a P/E/G ratio of 3.02 and a beta of 1.22. The company has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $11.18. Matrix Service has a 1 year low of $6.02 and a 1 year high of $13.90.
Analyst Ratings Changes
Separately, StockNews.com lowered Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, May 10th.
Read Our Latest Research Report on MTRX
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.
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