KeyCorp reiterated their hold rating on shares of Matrix Service Company (NASDAQ:MTRX) in a research report released on Monday.

Several other analysts have also recently commented on the company. BidaskClub upgraded Matrix Service from a sell rating to a hold rating in a report on Saturday, August 5th. Stephens restated a hold rating on shares of Matrix Service in a report on Monday, May 15th. Zacks Investment Research cut Matrix Service from a hold rating to a sell rating in a report on Tuesday, July 18th. ValuEngine lowered Matrix Service from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, TheStreet lowered Matrix Service from a c- rating to a d+ rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold.

Matrix Service (MTRX) opened at 11.50 on Monday. The firm’s 50-day moving average is $9.90 and its 200 day moving average is $12.30. The company has a market cap of $305.90 million, a price-to-earnings ratio of 31.00 and a beta of 0.75. Matrix Service has a 52-week low of $7.80 and a 52-week high of $23.45.

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A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Matrix Service by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,248,294 shares of the oil and gas company’s stock valued at $21,022,000 after buying an additional 195,754 shares during the period. LSV Asset Management increased its stake in Matrix Service by 0.4% in the first quarter. LSV Asset Management now owns 1,816,075 shares of the oil and gas company’s stock valued at $29,965,000 after buying an additional 7,325 shares in the last quarter. Vanguard Group Inc. increased its stake in Matrix Service by 6.1% in 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 in the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in Matrix Service by 95.5% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 904,271 shares of the oil and gas company’s stock valued at $8,455,000 after buying an additional 441,659 shares in the last quarter. Finally, State Street Corp increased its stake in Matrix Service by 12.2% in 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 in the last quarter. 85.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

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