Parametric Portfolio Associates LLC grew its holdings in Matrix Service Company (NASDAQ:MTRX) by 100.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,435 shares of the oil and gas company’s stock after purchasing an additional 128,725 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.97% of Matrix Service worth $2,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Matrix Service in the first quarter valued at approximately $159,000. Capstone Asset Management Co. grew its stake in Matrix Service by 1.7% during the second quarter. Capstone Asset Management Co. now owns 13,623 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 230 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Matrix Service by 5.5% during the first quarter. Thrivent Financial For Lutherans now owns 15,090 shares of the oil and gas company’s stock valued at $249,000 after acquiring an additional 790 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Matrix Service during the first quarter valued at approximately $275,000. Finally, Texas Permanent School Fund grew its stake in Matrix Service by 0.9% during the second quarter. Texas Permanent School Fund now owns 19,421 shares of the oil and gas company’s stock valued at $182,000 after acquiring an additional 167 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

MTRX has been the subject of several recent analyst reports. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research note on Monday, October 9th. Zacks Investment Research raised shares of Matrix Service from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold”.

Matrix Service Company (MTRX) opened at $14.20 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.14. Matrix Service Company has a 12 month low of $7.80 and a 12 month high of $23.45.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Matrix Service had a negative return on equity of 0.06% and a negative net margin of 0.02%. The business had revenue of $291.84 million during the quarter, compared to analyst estimates of $281.82 million. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was down 18.9% on a year-over-year basis. sell-side analysts expect that Matrix Service Company will post 0.6 earnings per share for the current fiscal year.

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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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