XTX Topco Ltd Has $208,000 Position in Matrix Service (NASDAQ:MTRX)

XTX Topco Ltd raised its stake in shares of Matrix Service (NASDAQ:MTRX) by 66.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,932 shares of the company’s stock after purchasing an additional 8,344 shares during the period. XTX Topco Ltd’s holdings in Matrix Service were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Trexquant Investment LP acquired a new position in Matrix Service in the 4th quarter valued at $317,000. Quadrature Capital Ltd lifted its position in shares of Matrix Service by 38.8% during the 4th quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock worth $281,000 after purchasing an additional 8,059 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Matrix Service by 1.6% during 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. Vanguard Group Inc. grew its holdings in Matrix Service by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company’s stock valued at $15,946,000 after buying an additional 11,587 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Matrix Service by 11.8% in the 1st quarter. Acadian Asset Management LLC now owns 421,808 shares of the company’s stock worth $5,494,000 after buying an additional 44,419 shares during the period. Institutional investors own 78.38% of the company’s stock.

Matrix Service Trading Up 5.2 %

Shares of MTRX stock opened at $11.55 on Monday. The company has a market capitalization of $315.42 million, a P/E ratio of -15.20 and a beta of 1.24. Matrix Service has a 12 month low of $8.61 and a 12 month high of $13.90. The stock has a 50 day moving average of $10.03 and a two-hundred day moving average of $10.88.

Wall Street Analyst Weigh In

MTRX has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and issued a $18.00 price objective on shares of Matrix Service in a research note on Thursday. StockNews.com downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.

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.