Thrivent Financial For Lutherans boosted its stake in shares of Matrix Service Company (NASDAQ:MTRX) by 352.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,247 shares of the oil and gas company’s stock after purchasing an additional 53,157 shares during the period. Thrivent Financial For Lutherans owned about 0.26% of Matrix Service worth $638,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Matrix Service by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,052,540 shares of the oil and gas company’s stock valued at $33,867,000 after purchasing an additional 206,944 shares during the period. Vanguard Group Inc. lifted its position in Matrix Service by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,406,068 shares of the oil and gas company’s stock valued at $23,200,000 after purchasing an additional 20,859 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its position in Matrix Service by 95.5% during 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 purchasing an additional 441,659 shares during the period. State Street Corp lifted its position in Matrix Service by 12.2% during 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 purchasing an additional 90,999 shares during the period. Finally, Boston Partners lifted its position in Matrix Service by 32.0% during the second quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock valued at $6,923,000 after purchasing an additional 179,480 shares during the period. Institutional investors own 85.17% of the company’s stock.

A number of research analysts recently weighed in on MTRX shares. ValuEngine downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 14th. TheStreet upgraded shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, BidaskClub upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold”.

Matrix Service Company (NASDAQ:MTRX) opened at 13.825 on Friday. 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 $13.91 and a 200 day moving average of $11.67. The company’s market capitalization is $369.43 million.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, September 6th. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Matrix Service had a negative net margin of 0.02% and a negative return on equity of 0.06%. The business had revenue of $291.84 million for the quarter, compared to analyst estimates of $281.82 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was down 18.9% on a year-over-year basis. Equities analysts predict that Matrix Service Company will post $0.60 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.

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

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