Matrix Service (NASDAQ:MTRX) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Matrix Service (NASDAQ:MTRX) by 123.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,390 shares of the oil and gas company’s stock after buying an additional 156,210 shares during the period. Goldman Sachs Group Inc. owned about 1.05% of Matrix Service worth $5,027,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Matrix Service by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 23,408 shares of the oil and gas company’s stock worth $219,000 after purchasing an additional 1,847 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Matrix Service by 23.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,310 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 3,880 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Matrix Service by 30.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,266 shares of the oil and gas company’s stock worth $343,000 after purchasing an additional 4,473 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Matrix Service by 5.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 85,147 shares of the oil and gas company’s stock worth $1,516,000 after purchasing an additional 4,528 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Matrix Service by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 123,282 shares of the oil and gas company’s stock worth $2,194,000 after purchasing an additional 4,985 shares during the period. 91.49% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

NASDAQ:MTRX opened at $15.45 on Friday. Matrix Service has a 1 year low of $7.80 and a 1 year high of $20.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.96. The company has a market capitalization of $411.64, a PE ratio of -1,545.00 and a beta of 0.87.



Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Matrix Service had a negative net margin of 0.59% and a negative return on equity of 1.97%. The company had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $298.43 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Matrix Service’s quarterly revenue was down 9.5% compared to the same quarter last year. sell-side analysts anticipate that Matrix Service will post 0.65 EPS for the current year.

A number of equities analysts have recently commented on the company. BidaskClub lowered Matrix Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Matrix Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, ValuEngine raised Matrix Service from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $18.00.

WARNING: “Matrix Service (NASDAQ:MTRX) Shares Bought by Goldman Sachs Group Inc.” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://stocknewstimes.com/2018/04/15/goldman-sachs-group-inc-acquires-156210-shares-of-matrix-service-mtrx.html.

About Matrix Service

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities.

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

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

Leave a Reply