Quest Partners LLC Makes New $83,000 Investment in Matrix Service (NASDAQ:MTRX)

Quest Partners LLC purchased a new stake in shares of Matrix Service (NASDAQ:MTRX) in the second quarter, HoldingsChannel.com reports. The fund purchased 8,402 shares of the company’s stock, valued at approximately $83,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Matrix Service by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 69,400 shares of the company’s stock worth $679,000 after purchasing an additional 1,700 shares during the last quarter. Jump Financial LLC increased 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 valued at $522,000 after buying an additional 41,212 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Matrix Service in the 4th quarter worth about $126,000. Trexquant Investment LP acquired a new stake in Matrix Service in the 4th quarter valued at about $317,000. Finally, Quadrature Capital Ltd increased its holdings in Matrix Service by 38.8% during the 4th quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock valued at $281,000 after acquiring an additional 8,059 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTRX. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of Matrix Service in a report on Tuesday, September 10th. StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

Matrix Service Trading Down 1.7 %

Shares of MTRX stock opened at $10.63 on Wednesday. The company has a market capitalization of $290.29 million, a price-to-earnings ratio of -13.99, a PEG ratio of 3.19 and a beta of 1.24. The firm has a 50-day moving average price of $9.81 and a 200 day moving average price of $10.95. Matrix Service has a twelve month low of $8.61 and a twelve month high of $13.90.

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.