American Century Companies Inc. acquired a new position in shares of Matrix Service Co (NASDAQ:MTRX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,786 shares of the oil and gas company’s stock, valued at approximately $367,000. American Century Companies Inc. owned about 0.10% of Matrix Service as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in Matrix Service by 4.6% during the 4th quarter. BlackRock Inc. now owns 3,630,556 shares of the oil and gas company’s stock worth $64,625,000 after purchasing an additional 159,300 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Matrix Service by 31.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 342,449 shares of the oil and gas company’s stock worth $6,096,000 after acquiring an additional 82,189 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Matrix Service by 123.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 282,390 shares of the oil and gas company’s stock worth $5,027,000 after acquiring an additional 156,210 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Matrix Service by 45.2% in the 4th quarter. Two Sigma Advisers LP now owns 276,538 shares of the oil and gas company’s stock worth $4,922,000 after acquiring an additional 86,100 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Matrix Service by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 260,193 shares of the oil and gas company’s stock worth $4,630,000 after acquiring an additional 15,195 shares during the period. 95.01% of the stock is currently owned by institutional investors.

MTRX has been the subject of several recent analyst reports. BidaskClub upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.00.

MTRX stock opened at $19.40 on Friday. Matrix Service Co has a one year low of $7.80 and a one year high of $20.25. The firm has a market capitalization of $501.48 million, a PE ratio of -1,940.00 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.03.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, May 9th. The oil and gas company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.27). Matrix Service had a return on equity of 1.02% and a net margin of 0.21%. The firm had revenue of $245.70 million during the quarter, compared to analyst estimates of $273.21 million. During the same quarter last year, the business posted ($0.52) EPS. The firm’s revenue was down 2.2% on a year-over-year basis. research analysts expect that Matrix Service Co will post 0.22 EPS for the current year.

Matrix Service Profile

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities.

Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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