Charles Schwab Investment Management Inc. Grows Stock Holdings in Matrix Service (NASDAQ:MTRX)

Charles Schwab Investment Management Inc. grew its holdings in Matrix Service (NASDAQ:MTRX) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,843 shares of the company’s stock after buying an additional 2,576 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of Matrix Service worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Matrix Service Stock Performance

MTRX opened at $12.53 on Monday. The stock’s 50 day moving average price is $13.56 and its 200-day moving average price is $12.67. Matrix Service has a one year low of $8.61 and a one year high of $15.75. The stock has a market cap of $345.92 million, a price-to-earnings ratio of -10.27 and a beta of 1.11.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Matrix Service will post -0.26 earnings per share for the current fiscal year.

Matrix Service 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.