Stanley Laman Group Ltd. Has $3.79 Million Stock Holdings in Matrix Service (NASDAQ:MTRX)

Stanley Laman Group Ltd. trimmed its position in shares of Matrix Service (NASDAQ:MTRX) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,248 shares of the company’s stock after selling 19,196 shares during the period. Stanley Laman Group Ltd. owned about 1.15% of Matrix Service worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Matrix Service during the fourth quarter worth about $45,000. Quarry LP bought a new position in Matrix Service in the 3rd quarter worth approximately $53,000. BNP Paribas Financial Markets raised its position in Matrix Service by 112.9% in the 3rd 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 during the last quarter. SG Americas Securities LLC bought a new stake in shares of Matrix Service during the 3rd quarter valued at $108,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Matrix Service during the 2nd quarter valued at $110,000. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Price Performance

Shares of NASDAQ MTRX opened at $15.37 on Thursday. Matrix Service has a 12-month low of $8.61 and a 12-month high of $15.75. The company’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $11.85.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data 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 net margin of 4.76% and a negative return on equity of 20.81%. As a group, sell-side analysts forecast that Matrix Service will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MTRX shares. DA Davidson upped their target price on shares of Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com raised shares of Matrix Service from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 6th.

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.