Teachers Advisors LLC trimmed its holdings in shares of Matrix Service Company (NASDAQ:MTRX) by 88.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,380 shares of the oil and gas company’s stock after selling 471,709 shares during the quarter. Teachers Advisors LLC owned 0.24% of Matrix Service worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Matrix Service during the 1st quarter valued at about $159,000. Capstone Asset Management Co. raised its position in Matrix Service by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 13,623 shares of the oil and gas company’s stock worth $127,000 after purchasing an additional 230 shares during the period. Thrivent Financial For Lutherans raised its position in Matrix Service by 5.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,090 shares of the oil and gas company’s stock worth $249,000 after purchasing an additional 790 shares during the period. Texas Permanent School Fund raised its position in Matrix Service by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 19,421 shares of the oil and gas company’s stock worth $182,000 after purchasing an additional 167 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in Matrix Service by 13.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the oil and gas company’s stock worth $378,000 after purchasing an additional 2,724 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Teachers Advisors LLC Sells 471,709 Shares of Matrix Service Company (MTRX)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/10/teachers-advisors-llc-sells-471709-shares-of-matrix-service-company-mtrx.html.

Matrix Service Company (NASDAQ:MTRX) opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.62. Matrix Service Company has a one year low of $7.80 and a one year high of $23.45.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. The business had revenue of $269.91 million for the quarter, compared to the consensus estimate of $290.56 million. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. equities research analysts expect that Matrix Service Company will post 0.6 EPS for the current year.

MTRX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. ValuEngine lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, BidaskClub lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average 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)

Receive News & Stock Ratings for Matrix Service Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service Company and related stocks with our FREE daily email newsletter.