Matrix Service (NASDAQ:MTRX) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Matrix Service (NASDAQ:MTRX) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,600 shares of the company’s stock after buying an additional 2,900 shares during the period. Victory Capital Management Inc. owned 0.25% of Matrix Service worth $691,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Azarias Capital Management L.P. increased its position in Matrix Service by 28.5% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock worth $12,643,000 after purchasing an additional 282,086 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Matrix Service by 92.0% during the 1st quarter. Jane Street Group LLC now owns 308,743 shares of the company’s stock worth $4,023,000 after purchasing an additional 147,942 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Matrix Service during the second quarter worth about $830,000. Bank of New York Mellon Corp raised its position in shares of Matrix Service by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock valued at $5,714,000 after buying an additional 65,902 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in shares of Matrix Service by 71.8% during the first quarter. Ancora Advisors LLC now owns 121,863 shares of the company’s stock valued at $1,588,000 after buying an additional 50,940 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MTRX. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Matrix Service in a research note on Tuesday, September 10th. StockNews.com lowered Matrix Service from a “buy” rating to a “hold” rating in a research note on Wednesday.

Matrix Service Stock Performance

Matrix Service stock opened at $11.29 on Friday. Matrix Service has a 1 year low of $8.61 and a 1 year high of $13.90. The firm has a 50 day moving average price of $9.91 and a 200 day moving average price of $10.93. The company has a market cap of $308.32 million, a price-to-earnings ratio of -14.86, a PEG ratio of 3.19 and a beta of 1.24.

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.