Jane Street Group LLC Has $584,000 Stake in Matrix Service (NASDAQ:MTRX)

Jane Street Group LLC raised its position in Matrix Service (NASDAQ:MTRX) by 43.9% during the third quarter, Holdings Channel reports. The firm owned 50,640 shares of the company’s stock after purchasing an additional 15,444 shares during the period. Jane Street Group LLC’s holdings in Matrix Service were worth $584,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Matrix Service by 112.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock valued at $106,000 after acquiring an additional 4,860 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Matrix Service by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock valued at $5,714,000 after acquiring an additional 65,902 shares during the period. State Street Corp lifted its position in shares of Matrix Service by 17.0% during the 3rd quarter. State Street Corp now owns 384,173 shares of the company’s stock valued at $4,430,000 after acquiring an additional 55,691 shares during the period. Harvey Partners LLC lifted its position in shares of Matrix Service by 8.2% during the 3rd quarter. Harvey Partners LLC now owns 1,515,000 shares of the company’s stock valued at $17,468,000 after acquiring an additional 115,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Matrix Service by 44.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,302 shares of the company’s stock valued at $1,917,000 after acquiring an additional 51,433 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. DA Davidson reiterated a “buy” rating and set a $18.00 target price on shares of Matrix Service in a research report on Thursday, September 26th.

Matrix Service Trading Up 4.2 %

Shares of MTRX stock opened at $12.55 on Friday. The firm has a market capitalization of $345.82 million, a PE ratio of -11.21 and a beta of 1.28. The firm has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $11.05. Matrix Service has a 12 month low of $8.61 and a 12 month high of $13.90.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The business had revenue of $165.58 million for the quarter, compared to the consensus estimate of $183.90 million. Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. During the same quarter last year, the firm posted ($0.21) EPS. On average, equities analysts predict that Matrix Service will post -0.04 earnings per share for the current fiscal year.

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.