258,790 Shares in Matrix Service Company $MTRX Purchased by De Lisle Partners LLP

De Lisle Partners LLP acquired a new position in shares of Matrix Service Company (NASDAQ:MTRX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 258,790 shares of the company’s stock, valued at approximately $3,544,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Matrix Service by 601.5% during the first quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after acquiring an additional 250,206 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Matrix Service by 53.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 175,736 shares of the company’s stock worth $2,184,000 after purchasing an additional 61,246 shares during the period. Jane Street Group LLC increased its holdings in Matrix Service by 89.8% in the 1st 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. Creative Planning acquired a new stake in Matrix Service in the 2nd quarter valued at approximately $176,000. Finally, JPMorgan Chase & Co. raised its position in Matrix Service by 288.4% in the second quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock valued at $2,877,000 after purchasing an additional 158,104 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Matrix Service Stock Performance

Shares of MTRX opened at $11.07 on Friday. The company’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $12.18. Matrix Service Company has a 1 year low of $9.88 and a 1 year high of $15.97. The stock has a market capitalization of $311.40 million, a PE ratio of -20.89, a P/E/G ratio of 0.88 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

About Matrix Service

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.