Assenagon Asset Management S.A. Has $326,000 Stock Position in Matrix Service (NASDAQ:MTRX)

Assenagon Asset Management S.A. cut its stake in shares of Matrix Service (NASDAQ:MTRX) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,240 shares of the company’s stock after selling 5,495 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Matrix Service were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MTRX. Verition Fund Management LLC increased its stake in shares of Matrix Service by 5.8% during the 3rd quarter. Verition Fund Management LLC now owns 22,639 shares of the company’s stock worth $261,000 after purchasing an additional 1,239 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Matrix Service by 2.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 56,498 shares of the company’s stock worth $651,000 after purchasing an additional 1,573 shares during the period. Victory Capital Management Inc. increased its position in Matrix Service by 4.3% during the third quarter. Victory Capital Management Inc. now owns 72,587 shares of the company’s stock worth $837,000 after buying an additional 2,987 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Matrix Service by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company’s stock valued at $11,644,000 after buying an additional 3,215 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Matrix Service by 13.4% in the second quarter. American Century Companies Inc. now owns 37,714 shares of the company’s stock valued at $374,000 after buying an additional 4,452 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Matrix Service Trading Down 0.1 %

Shares of NASDAQ:MTRX opened at $15.05 on Friday. The firm has a 50 day moving average of $13.05 and a 200-day moving average of $11.49. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.45. The stock has a market capitalization of $414.78 million, a PE ratio of -13.44 and a beta of 1.28.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The company 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 period last year, the firm posted ($0.21) earnings per share. On average, research analysts predict 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.