Strs Ohio raised its position in shares of Matrix Service Company (NASDAQ:MTRX) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,900 shares of the oil and gas company’s stock after buying an additional 2,100 shares during the period. Strs Ohio owned 0.14% of Matrix Service worth $345,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mason Street Advisors LLC increased its stake in shares of Matrix Service by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,219 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 421 shares during the period. Capstone Asset Management Co. increased its stake in shares of Matrix Service by 1.7% in 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 buying an additional 230 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Matrix Service by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,793 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 315 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Matrix Service during the first quarter valued at $159,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Matrix Service by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the oil and gas company’s stock valued at $178,000 after buying an additional 100 shares during the period. 85.55% of the stock is owned by institutional investors and hedge funds.

Shares of Matrix Service Company (NASDAQ MTRX) opened at 11.50 on Thursday. Matrix Service Company has a 52-week low of $7.80 and a 52-week high of $23.45. The firm has a 50-day moving average of $9.90 and a 200-day moving average of $12.30. The company has a market cap of $305.90 million, a P/E ratio of 31.00 and a beta of 0.75.

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Several equities research analysts recently weighed in on MTRX shares. Stephens reissued a “hold” rating on shares of Matrix Service in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 17th. TheStreet downgraded shares of Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th. ValuEngine downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Matrix Service in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold”.

About Matrix Service

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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