Swiss National Bank Has $771000 Stake in Matrix Service Company (NASDAQ:MTRX)

Paterniano Del Favero
Agosto 9, 2017

Matrix Service Co (NASDAQ:MTRX) has declined 43.23% since August 8, 2016 and is downtrending. The fund owned 181,634 shares of the oil and gas company's stock after selling 36,868 shares during the period. Matrix Service earned a news impact score of 0.07 on Accern's scale.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Matrix Service by 4.2% in the first quarter. Investment Advisors LP now owns 462,612 shares of the oil and gas company's stock worth $7,633,000 after buying an additional 110,147 shares during the period. Finally, Norges Bank bought a new position in Matrix Service during the fourth quarter valued at $11,799,000. Wedbush Securities Inc. now owns 27,481 shares of the oil and gas company's stock worth $453,000 after buying an additional 148 shares during the period. Finally, Amica Retiree Medical Trust raised its position in shares of Matrix Service by 107.3% in the first quarter. AMG National Trust Bank now owns 33,012 shares of the oil and gas company's stock worth $545,000 after buying an additional 3,562 shares during the period. Lsv Asset Mngmt stated it has 0.08% of its portfolio in Matrix Service Co (NASDAQ:MTRX).

Shares of Matrix Service (NASDAQ:MTRX) opened at 10.50 on Friday. 265,601 shares of the stock were exchanged. Matrix Service Co (NASDAQ:MTRX) has declined 43.23% since August 7, 2016 and is downtrending. The company has a market cap of $281.96 million, a P/E ratio of 28.57 and a beta of 0.75. The company has a 50-day moving average of $9.18 and a 200 day moving average of $13.66.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.66. The company had revenue of $251.20 million for the quarter, compared to the consensus estimate of $248.51 million. It dived, as 17 investors sold Matrix Service Co shares while 52 reduced holdings. The firm's revenue was down 18.8% compared to the same quarter a year ago. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities analysts forecast that Matrix Service will post ($0.01) earnings per share for the current year. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and worldwide copyright & trademark laws. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/08/07/matrix-service-company-nasdaqmtrx-stake-maintained-by-new-york-state-teachers-retirement-system-updated-updated.html.

MTRX has been the topic of a number of research analyst reports. Stephens reaffirmed a "hold" rating on shares of Matrix Service in a report on Monday, May 15th. Zacks Investment Research cut shares of Matrix Service from a "hold" rating to a "sell" rating in a report on Tuesday, July 18th. TheStreet lowered shares of Matrix Service from a "c-" rating to a "d+" rating in a report on Wednesday, May 24th. ValuEngine downgraded Matrix Service from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. BidaskClub upgraded Matrix Service from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of "Hold" and an average price target of $20.00.

The Company's Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers, belts and related products and maintenance services to original equipment manufacturers and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment and powersports markets; on-highway vehicles, including passenger cars, light trucks and medium- and heavy-duty trucks; rail cars, and locomotives.

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