Royal Bank of Canada Has $1.16 Million Holdings in Matrix Service Company $MTRX

Royal Bank of Canada increased its holdings in shares of Matrix Service Company (NASDAQ:MTRX) by 249.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,697 shares of the company’s stock after acquiring an additional 71,841 shares during the quarter. Royal Bank of Canada’s holdings in Matrix Service were worth $1,156,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. boosted its holdings in Matrix Service by 7.2% in the 2nd quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock valued at $205,000 after purchasing an additional 1,025 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock worth $34,000 after purchasing an additional 1,032 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of Matrix Service by 4.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 37,305 shares of the company’s stock worth $436,000 after purchasing an additional 1,670 shares during the period. Strs Ohio raised its position in shares of Matrix Service by 3.8% in the fourth quarter. Strs Ohio now owns 47,000 shares of the company’s stock valued at $550,000 after buying an additional 1,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock valued at $45,000 after buying an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Matrix Service Price Performance

Shares of MTRX opened at $11.18 on Friday. The firm has a 50 day simple moving average of $12.54 and a two-hundred day simple moving average of $12.19. Matrix Service Company has a one year low of $9.88 and a one year high of $15.97. The company has a market cap of $314.49 million, a P/E ratio of -21.09, a P/E/G ratio of 0.91 and a beta of 1.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Matrix Service presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Matrix Service Profile

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.