Matrix Service (NASDAQ:MTRX) VP Sells $51,246.00 in Stock

Matrix Service (NASDAQ:MTRX) VP Kevin A. Durkin sold 3,900 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $13.14, for a total transaction of $51,246.00. Following the completion of the sale, the vice president now owns 72,231 shares of the company’s stock, valued at approximately $949,115.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Matrix Service Stock Performance

NASDAQ MTRX opened at $13.37 on Thursday. The company’s fifty day moving average is $11.55 and its two-hundred day moving average is $10.89. Matrix Service has a 52-week low of $4.74 and a 52-week high of $13.90.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The company had revenue of $175.04 million during the quarter, compared to analyst estimates of $195.27 million. Matrix Service had a negative return on equity of 12.50% and a negative net margin of 2.49%. Research analysts predict that Matrix Service will post -0.35 EPS for the current year.

Hedge Funds Weigh In On Matrix Service

Hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new position in shares of Matrix Service during the 3rd quarter worth about $34,000. Tower Research Capital LLC TRC lifted its holdings in Matrix Service by 222.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,063 shares of the company’s stock valued at $40,000 after purchasing an additional 2,802 shares during the last quarter. AJOVista LLC bought a new position in Matrix Service during the 4th quarter valued at about $48,000. ExodusPoint Capital Management LP bought a new position in Matrix Service during the 2nd quarter valued at about $59,000. Finally, Barclays PLC lifted its holdings in Matrix Service by 55.0% during the 4th quarter. Barclays PLC now owns 14,961 shares of the company’s stock valued at $93,000 after purchasing an additional 5,307 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.