New York State Teachers Retirement System decreased its position in shares of Matrix Service Company (NASDAQ:MTRX) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,474 shares of the oil and gas company’s stock after selling 3,808 shares during the period. New York State Teachers Retirement System owned 0.33% of Matrix Service worth $1,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Matrix Service by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,248,294 shares of the oil and gas company’s stock worth $21,022,000 after acquiring an additional 195,754 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Matrix Service by 6.1% during the second quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock valued at $13,953,000 after buying an additional 86,259 shares during the last quarter. State Street Corp raised its position in shares of Matrix Service by 12.2% during the first quarter. State Street Corp now owns 838,988 shares of the oil and gas company’s stock valued at $13,842,000 after buying an additional 90,999 shares during the last quarter. Boston Partners raised its position in shares of Matrix Service by 32.0% during the second quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock valued at $6,923,000 after buying an additional 179,480 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Matrix Service by 35.8% during the second quarter. Northern Trust Corp now owns 699,229 shares of the oil and gas company’s stock valued at $6,537,000 after buying an additional 184,503 shares during the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.

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Matrix Service Company (MTRX) opened at $15.30 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13. Matrix Service Company has a 52-week low of $7.80 and a 52-week high of $23.45.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. The business had revenue of $269.91 million for the quarter, compared to analysts’ expectations of $290.56 million. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. analysts expect that Matrix Service Company will post 0.6 earnings per share for the current fiscal year.

A number of brokerages have recently commented on MTRX. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. ValuEngine lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. Finally, BidaskClub lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold”.

Matrix Service 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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