Matrix Service (NASDAQ:MTRX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in Matrix Service (NASDAQ:MTRX) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,240 shares of the company’s stock after selling 5,495 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of Matrix Service worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Matrix Service by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company’s stock worth $1,045,000 after purchasing an additional 60,838 shares during the period. Virtu Financial LLC purchased a new stake in shares of Matrix Service in the third quarter worth approximately $155,000. Barclays PLC boosted its holdings in shares of Matrix Service by 90.8% during the third quarter. Barclays PLC now owns 53,435 shares of the company’s stock worth $616,000 after purchasing an additional 25,434 shares during the period. Geode Capital Management LLC grew its position in Matrix Service by 0.8% during the third quarter. Geode Capital Management LLC now owns 598,103 shares of the company’s stock valued at $6,898,000 after purchasing an additional 4,709 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Matrix Service by 64.4% in the 3rd quarter. XTX Topco Ltd now owns 34,421 shares of the company’s stock valued at $397,000 after buying an additional 13,489 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Matrix Service Trading Down 0.1 %

Shares of MTRX stock opened at $15.05 on Friday. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.45. The company has a market capitalization of $414.78 million, a P/E ratio of -13.44 and a beta of 1.28. The stock has a 50 day moving average of $13.05 and a two-hundred day moving average of $11.49.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. The firm had revenue of $165.58 million during the quarter, compared to analyst estimates of $183.90 million. During the same quarter last year, the firm earned ($0.21) earnings per share. Sell-side analysts predict that Matrix Service will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Matrix Service from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

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.