Almanack Investment Partners LLC. Buys Shares of 15,119 Matrix Service Company $MTRX

Almanack Investment Partners LLC. bought a new stake in shares of Matrix Service Company (NASDAQ:MTRX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,119 shares of the company’s stock, valued at approximately $204,000. Almanack Investment Partners LLC. owned about 0.05% of Matrix Service at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Azarias Capital Management L.P. increased its stake in Matrix Service by 9.9% during the second quarter. Azarias Capital Management L.P. now owns 627,766 shares of the company’s stock valued at $8,481,000 after purchasing an additional 56,611 shares during the last quarter. Voya Investment Management LLC increased its stake in Matrix Service by 69.1% during the first quarter. Voya Investment Management LLC now owns 35,667 shares of the company’s stock valued at $443,000 after purchasing an additional 14,578 shares during the last quarter. Strs Ohio bought a new stake in Matrix Service during the first quarter valued at $493,000. Acadian Asset Management LLC increased its stake in Matrix Service by 129.2% during the first quarter. Acadian Asset Management LLC now owns 242,161 shares of the company’s stock valued at $3,009,000 after purchasing an additional 136,513 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Matrix Service by 89.8% during the first quarter. Jane Street Group LLC now owns 34,542 shares of the company’s stock valued at $429,000 after purchasing an additional 16,343 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. DA Davidson lowered their target price on shares of Matrix Service from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Matrix Service Stock Up 2.4%

MTRX stock opened at $12.57 on Tuesday. Matrix Service Company has a fifty-two week low of $9.33 and a fifty-two week high of $16.10. The firm’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $13.08. The stock has a market cap of $352.84 million, a PE ratio of -11.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.30). The firm had revenue of $216.38 million during the quarter, compared to analyst estimates of $232.25 million. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.During the same period last year, the business earned ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS. Equities analysts forecast that Matrix Service Company will post -0.26 EPS for the current fiscal year.

Insider Transactions at Matrix Service

In related news, Director John D. Chandler bought 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average price of $12.74 per share, for a total transaction of $29,302.00. Following the transaction, the director directly owned 78,053 shares of the company’s stock, valued at approximately $994,395.22. This represents a 3.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by corporate insiders.

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.