Perritt Capital Management Inc Reduces Stock Holdings in Matrix Service (NASDAQ:MTRX)

Perritt Capital Management Inc reduced its stake in shares of Matrix Service (NASDAQ:MTRX) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,200 shares of the company’s stock after selling 10,000 shares during the quarter. Perritt Capital Management Inc owned approximately 0.15% of Matrix Service worth $481,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP grew its holdings in shares of Matrix Service by 20.1% during the 4th quarter. Trexquant Investment LP now owns 116,293 shares of the company’s stock worth $1,392,000 after acquiring an additional 19,456 shares during the period. JPMorgan Chase & Co. grew its position in shares of Matrix Service by 21.5% in the 4th quarter. JPMorgan Chase & Co. now owns 110,181 shares of the company’s stock worth $1,319,000 after buying an additional 19,518 shares during the period. WINTON GROUP Ltd increased its stake in shares of Matrix Service by 355.1% in the 4th quarter. WINTON GROUP Ltd now owns 80,199 shares of the company’s stock worth $960,000 after acquiring an additional 62,578 shares in the last quarter. American Century Companies Inc. lifted its position in Matrix Service by 523.3% during the 4th quarter. American Century Companies Inc. now owns 294,889 shares of the company’s stock valued at $3,530,000 after acquiring an additional 247,578 shares during the period. Finally, Royce & Associates LP boosted its stake in Matrix Service by 4.0% during the fourth quarter. Royce & Associates LP now owns 898,122 shares of the company’s stock worth $10,751,000 after acquiring an additional 34,860 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Matrix Service Trading Up 0.2 %

MTRX stock opened at $12.46 on Wednesday. The stock’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $12.69. Matrix Service has a 12-month low of $8.61 and a 12-month high of $15.75. The stock has a market capitalization of $343.98 million, a PE ratio of -10.21 and a beta of 1.11.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. On average, research analysts predict that Matrix Service will post -0.26 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on MTRX. StockNews.com lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. DA Davidson increased their target price on Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th.

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.