Matrix Service (NASDAQ:MTRX) Shares Purchased by Ancora Advisors LLC

Ancora Advisors LLC boosted its position in Matrix Service (NASDAQ:MTRX) 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.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.40). Matrix Service had a negative return on equity of 15.99% and a negative net margin of 2.81%. The business had revenue of $166.01 million for the quarter, compared to analyst estimates of $200.58 million. As a group, research analysts expect that Matrix Service will post -1.13 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

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.