Matrix Service (NASDAQ:MTRX) Shares Purchased by Keene & Associates Inc.

Keene & Associates Inc. increased its position in Matrix Service (NASDAQ:MTRX) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,575 shares of the company’s stock after acquiring an additional 7,520 shares during the period. Keene & Associates Inc.’s holdings in Matrix Service were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTRX. Azarias Capital Management L.P. increased its holdings in shares of Matrix Service by 28.5% in the second quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock valued at $12,643,000 after purchasing an additional 282,086 shares during the period. Vanguard Group Inc. increased its holdings in Matrix Service by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company’s stock worth $15,946,000 after buying an additional 11,587 shares during the period. Dimensional Fund Advisors LP raised its position in Matrix Service by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company’s stock worth $11,644,000 after buying an additional 3,215 shares during the last quarter. Gendell Jeffrey L lifted its stake in Matrix Service by 5.8% during the 1st quarter. Gendell Jeffrey L now owns 870,556 shares of the company’s stock valued at $11,343,000 after acquiring an additional 48,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Matrix Service by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock valued at $5,714,000 after acquiring an additional 65,902 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTRX. DA Davidson reissued a “buy” rating and set a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th. StockNews.com raised Matrix Service from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

Matrix Service Trading Down 2.5 %

Shares of NASDAQ:MTRX opened at $11.18 on Thursday. The company has a market capitalization of $305.31 million, a PE ratio of -14.71 and a beta of 1.26. The business has a 50 day moving average of $10.67 and a two-hundred day moving average of $10.68. Matrix Service has a 12-month low of $8.61 and a 12-month high of $13.90.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.07. Matrix Service had a negative net margin of 3.43% and a negative return on equity of 16.87%. The company had revenue of $189.50 million for the quarter, compared to analyst estimates of $215.61 million. Equities research analysts predict that Matrix Service will post -0.05 earnings per share for the current fiscal year.

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.