Barclays PLC Has $616,000 Stock Position in Matrix Service (NASDAQ:MTRX)

Barclays PLC boosted its position in shares of Matrix Service (NASDAQ:MTRX) by 90.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,435 shares of the company’s stock after purchasing an additional 25,434 shares during the period. Barclays PLC owned about 0.19% of Matrix Service worth $616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTRX. Quarry LP bought a new position in shares of Matrix Service in the third quarter valued at approximately $53,000. Quest Partners LLC acquired a new stake in Matrix Service during the 2nd quarter valued at $83,000. BNP Paribas Financial Markets raised its position in Matrix Service by 112.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock valued at $106,000 after purchasing an additional 4,860 shares during the last quarter. SG Americas Securities LLC acquired a new position in Matrix Service in the third quarter worth $108,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Matrix Service during the second quarter worth $110,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com raised Matrix Service from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Matrix Service in a research note on Thursday, September 26th.

Matrix Service Stock Performance

NASDAQ:MTRX opened at $11.97 on Thursday. The stock’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $11.03. The company has a market cap of $329.83 million, a price-to-earnings ratio of -10.69 and a beta of 1.27. Matrix Service has a 52-week low of $8.61 and a 52-week high of $13.90.

Matrix Service (NASDAQ:MTRX) last posted 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 firm had revenue of $165.58 million during 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 quarter in the prior year, the business earned ($0.21) EPS. On average, equities analysts predict that Matrix Service will post -0.04 EPS 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.