Goldman Sachs Group Inc. lifted its holdings in Matrix Service Company (NASDAQ:MTRX) by 45.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,451 shares of the oil and gas company’s stock after buying an additional 26,498 shares during the quarter. Goldman Sachs Group Inc. owned about 0.32% of Matrix Service worth $790,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Matrix Service by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,248,294 shares of the oil and gas company’s stock valued at $21,022,000 after buying an additional 195,754 shares during the last quarter. Vanguard Group Inc. raised its holdings in Matrix Service by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock worth $13,953,000 after purchasing an additional 86,259 shares during the last quarter. State Street Corp raised its holdings in Matrix Service by 12.2% during the 1st quarter. State Street Corp now owns 838,988 shares of the oil and gas company’s stock worth $13,842,000 after purchasing an additional 90,999 shares during the last quarter. Boston Partners raised its holdings in Matrix Service by 32.0% during the 2nd quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock worth $6,923,000 after purchasing an additional 179,480 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Matrix Service by 35.8% during the 2nd quarter. Northern Trust Corp now owns 699,229 shares of the oil and gas company’s stock worth $6,537,000 after purchasing an additional 184,503 shares during the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.

Matrix Service Company (MTRX) opened at $14.75 on Thursday. Matrix Service Company has a 12-month low of $7.80 and a 12-month high of $23.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 1.74.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The company had revenue of $269.91 million during the quarter, compared to analyst estimates of $290.56 million. Matrix Service had a negative return on equity of 1.75% and a negative net margin of 0.51%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. analysts anticipate that Matrix Service Company will post 0.6 earnings per share for the current fiscal year.

Several analysts have weighed in on MTRX shares. Zacks Investment Research cut Matrix Service from a “hold” rating to a “strong sell” rating in a report on Thursday, September 14th. KeyCorp restated a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. ValuEngine lowered Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. TheStreet upgraded Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, BidaskClub lowered Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold”.

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Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.

Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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