Credit Suisse AG reduced its position in shares of Matrix Service Co (NASDAQ:MTRX) by 24.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,649 shares of the oil and gas company’s stock after selling 7,975 shares during the quarter. Credit Suisse AG’s holdings in Matrix Service were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MTRX. Public Employees Retirement System of Ohio raised its holdings in Matrix Service by 78.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,303 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 3,211 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Matrix Service in the 3rd quarter worth about $227,000. Palouse Capital Management Inc. purchased a new stake in shares of Matrix Service in the 3rd quarter worth about $234,000. ClariVest Asset Management LLC grew its position in shares of Matrix Service by 30.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 10,313 shares of the oil and gas company’s stock worth $254,000 after buying an additional 2,399 shares during the period. Finally, Meeder Asset Management Inc. grew its position in shares of Matrix Service by 29.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,932 shares of the oil and gas company’s stock worth $270,000 after buying an additional 2,496 shares during the period. Institutional investors own 92.21% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, ValuEngine raised shares of Matrix Service from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd.

NASDAQ:MTRX opened at $19.47 on Friday. The stock has a market capitalization of $526.28 million, a PE ratio of 129.67 and a beta of 1.02. Matrix Service Co has a 1-year low of $13.00 and a 1-year high of $25.75.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, November 7th. The oil and gas company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Matrix Service had a negative net margin of 1.14% and a positive return on equity of 1.12%. The firm had revenue of $318.50 million for the quarter, compared to the consensus estimate of $294.82 million. During the same period in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 18.0% compared to the same quarter last year. As a group, research analysts anticipate that Matrix Service Co will post 1.01 earnings per share for the current fiscal year.

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About Matrix Service

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 and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities.

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

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