Matrix Service (NASDAQ:MTRX) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in Matrix Service (NASDAQ:MTRX) by 222.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,063 shares of the company’s stock after acquiring an additional 2,802 shares during the period. Tower Research Capital LLC TRC’s holdings in Matrix Service were worth $40,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Trexquant Investment LP acquired a new stake in shares of Matrix Service in the fourth quarter worth approximately $317,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Matrix Service in the fourth quarter worth approximately $126,000. Jump Financial LLC boosted its position in shares of Matrix Service by 338.7% in the fourth quarter. Jump Financial LLC now owns 53,381 shares of the company’s stock worth $522,000 after acquiring an additional 41,212 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Matrix Service in the fourth quarter worth approximately $48,000. Finally, Victory Capital Management Inc. boosted its position in shares of Matrix Service by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 69,400 shares of the company’s stock worth $679,000 after acquiring an additional 1,700 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th.

Insider Activity at Matrix Service

In related news, VP Kevin A. Durkin sold 3,900 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $13.14, for a total value of $51,246.00. Following the transaction, the vice president now owns 72,231 shares in the company, valued at $949,115.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO John R. Hewitt sold 10,000 shares of Matrix Service stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total transaction of $132,500.00. Following the sale, the chief executive officer now owns 477,891 shares in the company, valued at $6,332,055.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin A. Durkin sold 3,900 shares of Matrix Service stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $13.14, for a total transaction of $51,246.00. Following the sale, the vice president now owns 72,231 shares in the company, valued at approximately $949,115.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,800 shares of company stock worth $233,354. Company insiders own 3.70% of the company’s stock.

Matrix Service Price Performance

NASDAQ MTRX traded up $0.43 during mid-day trading on Thursday, hitting $11.57. The company’s stock had a trading volume of 131,439 shares, compared to its average volume of 203,133. Matrix Service has a 52-week low of $5.00 and a 52-week high of $13.90. The stock’s fifty day simple moving average is $12.41 and its two-hundred day simple moving average is $11.16. The firm has a market capitalization of $315.86 million, a P/E ratio of -15.91 and a beta of 1.26.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08). Matrix Service had a negative net margin of 2.49% and a negative return on equity of 12.50%. The business had revenue of $175.04 million during the quarter, compared to analysts’ expectations of $195.27 million. On average, equities analysts forecast that Matrix Service will post -0.35 earnings per share for the current fiscal year.

About Matrix Service

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.