WINTON GROUP Ltd Buys 62,578 Shares of Matrix Service (NASDAQ:MTRX)

WINTON GROUP Ltd grew its stake in Matrix Service (NASDAQ:MTRX) by 355.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,199 shares of the company’s stock after purchasing an additional 62,578 shares during the period. WINTON GROUP Ltd’s holdings in Matrix Service were worth $960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Needham Investment Management LLC raised its holdings in Matrix Service by 38.5% during the 3rd quarter. Needham Investment Management LLC now owns 1,420,000 shares of the company’s stock valued at $16,373,000 after buying an additional 395,000 shares during the period. American Century Companies Inc. increased its position in Matrix Service by 523.3% during the fourth quarter. American Century Companies Inc. now owns 294,889 shares of the company’s stock valued at $3,530,000 after acquiring an additional 247,578 shares during the last quarter. Portolan Capital Management LLC raised its stake in shares of Matrix Service by 34.3% in the third quarter. Portolan Capital Management LLC now owns 509,059 shares of the company’s stock valued at $5,869,000 after acquiring an additional 129,989 shares during the period. Harvey Partners LLC lifted its holdings in shares of Matrix Service by 8.2% in the 3rd quarter. Harvey Partners LLC now owns 1,515,000 shares of the company’s stock worth $17,468,000 after acquiring an additional 115,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Matrix Service by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 276,943 shares of the company’s stock worth $3,315,000 after purchasing an additional 110,641 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Matrix Service Price Performance

Shares of MTRX stock opened at $12.53 on Friday. The company’s 50-day simple moving average is $13.56 and its two-hundred day simple moving average is $12.65. Matrix Service has a one year low of $8.61 and a one year high of $15.75. The company has a market capitalization of $345.92 million, a P/E ratio of -10.27 and a beta of 1.11.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share 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%. On average, research analysts expect that Matrix Service will post -0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MTRX has been the subject of several analyst reports. DA Davidson raised their price objective 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. StockNews.com cut Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th.

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.