Matrix Service (NASDAQ:MTRX) Shares Bought by Azarias Capital Management L.P.

Azarias Capital Management L.P. lifted its holdings in shares of Matrix Service (NASDAQ:MTRX) by 28.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,273,193 shares of the company’s stock after buying an additional 282,086 shares during the period. Matrix Service comprises 5.7% of Azarias Capital Management L.P.’s holdings, making the stock its 8th largest position. Azarias Capital Management L.P. owned approximately 4.66% of Matrix Service worth $12,643,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Matrix Service by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 69,400 shares of the company’s stock valued at $679,000 after purchasing an additional 1,700 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Matrix Service by 222.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,063 shares of the company’s stock valued at $40,000 after purchasing an additional 2,802 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Matrix Service by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 205,561 shares of the company’s stock valued at $2,678,000 after purchasing an additional 3,157 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Matrix Service by 1.6% in the 4th quarter. Russell Investments Group Ltd. now owns 211,277 shares of the company’s stock valued at $2,066,000 after purchasing an additional 3,285 shares during the period. Finally, AJOVista LLC bought a new stake in shares of Matrix Service in the 4th quarter valued at about $48,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Matrix Service Price Performance

Matrix Service stock traded down $0.05 during trading hours on Monday, hitting $9.95. The company had a trading volume of 128,055 shares, compared to its average volume of 229,642. The firm has a market cap of $271.72 million, a PE ratio of -13.09, a PEG ratio of 3.01 and a beta of 1.22. Matrix Service has a one year low of $7.75 and a one year high of $13.90. The firm has a 50-day moving average of $9.69 and a 200 day moving average of $11.17.

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.