Matrix Service Company $MTRX Stock Holdings Lowered by CenterBook Partners LP

CenterBook Partners LP cut its holdings in shares of Matrix Service Company (NASDAQ:MTRX) by 58.2% in the 2nd quarter, Holdings Channel reports. The firm owned 224,433 shares of the company’s stock after selling 312,014 shares during the period. CenterBook Partners LP’s holdings in Matrix Service were worth $3,032,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group increased its holdings in shares of Matrix Service by 2,026.3% in the first quarter. Brooklyn Investment Group now owns 3,402 shares of the company’s stock valued at $42,000 after buying an additional 3,242 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Matrix Service during the first quarter worth $73,000. CWM LLC raised its position in shares of Matrix Service by 138.4% during the first quarter. CWM LLC now owns 10,002 shares of the company’s stock worth $124,000 after purchasing an additional 5,806 shares during the period. Creative Planning purchased a new stake in shares of Matrix Service during the second quarter valued at $176,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Matrix Service in the 2nd quarter valued at $183,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Buying and Selling at Matrix Service

In related news, Director John D. Chandler purchased 2,300 shares of the stock in a transaction dated Tuesday, September 16th. The shares were acquired at an average cost of $12.74 per share, for a total transaction of $29,302.00. Following the acquisition, the director directly owned 78,053 shares in the company, valued at approximately $994,395.22. The trade was a 3.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn P. Payne sold 8,250 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $12.58, for a total value of $103,785.00. Following the sale, the insider owned 110,429 shares of the company’s stock, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.40% of the company’s stock.

Matrix Service Price Performance

NASDAQ:MTRX opened at $11.23 on Friday. The stock has a market cap of $315.84 million, a PE ratio of -10.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Matrix Service Company has a fifty-two week low of $9.33 and a fifty-two week high of $16.10. The stock’s 50-day moving average is $13.03 and its two-hundred day moving average is $13.48.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. The business had revenue of $211.88 million during the quarter, compared to analysts’ expectations of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Matrix Service Company will post -0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson restated a “buy” rating and set a $17.00 price objective on shares of Matrix Service in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.00.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.