Charles Schwab Investment Management Inc. Purchases 2,576 Shares of Matrix Service (NASDAQ:MTRX)

Charles Schwab Investment Management Inc. increased its position in shares of Matrix Service (NASDAQ:MTRX) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,843 shares of the company’s stock after purchasing an additional 2,576 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Matrix Service were worth $908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Matrix Service in the 4th quarter worth approximately $45,000. Quarry LP purchased a new position in Matrix Service during the third quarter valued at approximately $53,000. BNP Paribas Financial Markets raised its stake in Matrix Service by 112.9% in the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock worth $106,000 after buying an additional 4,860 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Matrix Service by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 11,123 shares of the company’s stock worth $133,000 after buying an additional 1,731 shares during the period. Finally, Virtu Financial LLC bought a new stake in Matrix Service during the 3rd quarter valued at $155,000. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Stock Up 1.9 %

NASDAQ MTRX opened at $12.53 on Monday. The firm has a market cap of $345.92 million, a PE ratio of -10.27 and a beta of 1.11. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $12.67.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. On average, equities research analysts anticipate that Matrix Service will post -0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTRX. DA Davidson boosted their price target on Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. StockNews.com lowered Matrix Service from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th.

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.