Virtu Financial LLC Takes $155,000 Position in Matrix Service (NASDAQ:MTRX)

Virtu Financial LLC purchased a new position in shares of Matrix Service (NASDAQ:MTRX) during the third quarter, Holdings Channel.com reports. The fund purchased 13,431 shares of the company’s stock, valued at approximately $155,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Matrix Service in the third quarter worth about $53,000. Quest Partners LLC acquired a new position in Matrix Service in the 2nd quarter worth about $83,000. BNP Paribas Financial Markets boosted its position in Matrix Service by 112.9% during the third 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Matrix Service in the third quarter valued at approximately $108,000. Finally, Net Worth Advisory Group purchased a new stake in shares of Matrix Service in the third quarter valued at approximately $125,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

MTRX has been the topic of a number of recent analyst reports. StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of Matrix Service in a research report on Thursday, September 26th.

Matrix Service Price Performance

Shares of Matrix Service stock opened at $12.30 on Thursday. The stock has a market capitalization of $338.93 million, a P/E ratio of -10.98 and a beta of 1.27. The business has a 50 day simple moving average of $12.41 and a two-hundred day simple moving average of $10.97. Matrix Service has a 12 month low of $8.61 and a 12 month high of $13.90.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.33) earnings per share 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 analysts’ expectations of $183.90 million. During the same quarter in the previous year, the business posted ($0.21) EPS. As a group, research analysts anticipate 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.