Quadrature Capital Ltd Has $281,000 Stock Holdings in Matrix Service (NASDAQ:MTRX)

Quadrature Capital Ltd raised its stake in shares of Matrix Service (NASDAQ:MTRX) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,807 shares of the company’s stock after buying an additional 8,059 shares during the period. Quadrature Capital Ltd owned about 0.11% of Matrix Service worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Matrix Service by 222.2% in the fourth 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 in the last quarter. AJOVista LLC bought a new stake in shares of Matrix Service in the 4th quarter valued at approximately $48,000. Algert Global LLC increased its holdings in Matrix Service by 17.9% in the third quarter. Algert Global LLC now owns 12,490 shares of the company’s stock worth $147,000 after buying an additional 1,900 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Matrix Service during the fourth quarter valued at approximately $126,000. Finally, Barclays PLC lifted its stake in Matrix Service by 382.9% in the third quarter. Barclays PLC now owns 31,000 shares of the company’s stock valued at $366,000 after acquiring an additional 24,580 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Matrix Service Stock Performance

MTRX opened at $9.73 on Wednesday. The stock has a 50-day moving average of $11.18 and a 200-day moving average of $11.21. Matrix Service has a 52-week low of $5.35 and a 52-week high of $13.90. The company has a market cap of $265.73 million, a PE ratio of -12.80 and a beta of 1.27.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.40). Matrix Service had a negative net margin of 2.81% and a negative return on equity of 15.99%. The company had revenue of $166.01 million for the quarter, compared to analyst estimates of $200.58 million. On average, research analysts predict that Matrix Service will post -1.13 earnings per share for the current 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.