EntryPoint Capital LLC Cuts Position in Matrix Service (NASDAQ:MTRX)

EntryPoint Capital LLC trimmed its holdings in shares of Matrix Service (NASDAQ:MTRX) by 67.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,117 shares of the company’s stock after selling 45,451 shares during the quarter. EntryPoint Capital LLC’s holdings in Matrix Service were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Rhumbline Advisers increased its position in shares of Matrix Service by 2.7% during the 4th quarter. Rhumbline Advisers now owns 39,725 shares of the company’s stock valued at $475,000 after purchasing an additional 1,028 shares during the last quarter. Verition Fund Management LLC grew its position in Matrix Service by 5.8% during the third quarter. Verition Fund Management LLC now owns 22,639 shares of the company’s stock valued at $261,000 after buying an additional 1,239 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in Matrix Service by 2.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 56,498 shares of the company’s stock worth $651,000 after buying an additional 1,573 shares during the last quarter. SG Americas Securities LLC raised its position in Matrix Service by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 11,123 shares of the company’s stock worth $133,000 after acquiring an additional 1,731 shares during the period. Finally, Money Concepts Capital Corp boosted its stake in Matrix Service by 1.7% in the fourth quarter. Money Concepts Capital Corp now owns 108,057 shares of the company’s stock valued at $1,293,000 after acquiring an additional 1,790 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTRX has been the subject of several research analyst reports. StockNews.com lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. DA Davidson raised their target price on Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th.

Matrix Service Stock Up 1.9 %

NASDAQ MTRX opened at $12.53 on Friday. The company has a market cap of $345.92 million, a PE ratio of -10.27 and a beta of 1.11. The firm’s 50-day simple moving average is $13.56 and its two-hundred day simple moving average is $12.64. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. As a group, equities research analysts anticipate that Matrix Service will post -0.26 EPS for the current year.

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.