Money Concepts Capital Corp Acquires 1,790 Shares of Matrix Service (NASDAQ:MTRX)

Money Concepts Capital Corp lifted its stake in Matrix Service (NASDAQ:MTRX) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,057 shares of the company’s stock after acquiring an additional 1,790 shares during the period. Money Concepts Capital Corp owned approximately 0.39% of Matrix Service worth $1,293,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MTRX. R Squared Ltd purchased a new stake in Matrix Service in the 4th quarter worth approximately $45,000. Quarry LP purchased a new stake in shares of Matrix Service in the third quarter worth $53,000. BNP Paribas Financial Markets boosted its stake in Matrix Service by 112.9% during the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock valued at $106,000 after buying an additional 4,860 shares during the period. SG Americas Securities LLC bought a new stake in Matrix Service during the third quarter valued at $108,000. Finally, Net Worth Advisory Group purchased a new position in Matrix Service during the third quarter worth about $125,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

Matrix Service Price Performance

MTRX stock opened at $14.04 on Thursday. The firm has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $11.71. The stock has a market cap of $386.87 million, a PE ratio of -12.54 and a beta of 1.28. Matrix Service has a one year low of $8.61 and a one year high of $15.45.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 19.56% and a negative net margin of 4.46%. On average, research analysts expect that Matrix Service will post -0.04 EPS for the current fiscal year.

Matrix Service Company 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.