Wedbush Securities Inc. raised its position in shares of Matrix Service Company (NASDAQ:MTRX) by 132.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,892 shares of the oil and gas company’s stock after buying an additional 36,411 shares during the period. Wedbush Securities Inc.’s holdings in Matrix Service were worth $597,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Foundry Partners LLC increased its position in shares of Matrix Service by 58.5% in the second quarter. Foundry Partners LLC now owns 26,415 shares of the oil and gas company’s stock worth $247,000 after buying an additional 9,750 shares in the last quarter. Boston Partners increased its position in shares of Matrix Service by 32.0% in the second quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock worth $6,923,000 after buying an additional 179,480 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Matrix Service by 0.9% in the second quarter. Texas Permanent School Fund now owns 19,421 shares of the oil and gas company’s stock worth $182,000 after buying an additional 167 shares in the last quarter. Strs Ohio increased its position in shares of Matrix Service by 6.0% in the second quarter. Strs Ohio now owns 36,900 shares of the oil and gas company’s stock worth $345,000 after buying an additional 2,100 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Matrix Service by 49.3% in the second quarter. Russell Investments Group Ltd. now owns 303,039 shares of the oil and gas company’s stock worth $2,834,000 after buying an additional 100,120 shares in the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Matrix Service Company (NASDAQ MTRX) opened at 10.00 on Tuesday. Matrix Service Company has a 1-year low of $7.80 and a 1-year high of $23.45. The stock has a market cap of $266.00 million, a P/E ratio of 26.95 and a beta of 0.75. The company’s 50-day moving average is $9.73 and its 200 day moving average is $12.95.

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A number of brokerages have recently commented on MTRX. BidaskClub downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. ValuEngine downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded shares of Matrix Service from a “c-” rating to a “d+” rating in a research note on Wednesday, May 24th. Finally, Stephens reaffirmed a “hold” rating on shares of Matrix Service in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.00.

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.

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

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