Russell Investments Group Ltd. Has $1.49 Million Stock Holdings in Matrix Service (NASDAQ:MTRX)

Russell Investments Group Ltd. cut its holdings in Matrix Service (NASDAQ:MTRX – Get Rating) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 239,635 shares of the oil and gas company’s stock after selling 11,212 shares during the quarter. Russell Investments Group Ltd.’s holdings in Matrix Service were worth $1,491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MTRX. ExodusPoint Capital Management LP acquired a new stake in Matrix Service in the second quarter valued at approximately $59,000. Terril Brothers Inc. bought a new position in shares of Matrix Service in the fourth quarter valued at approximately $62,000. Hsbc Holdings PLC bought a new position in shares of Matrix Service in the first quarter valued at approximately $109,000. PDT Partners LLC bought a new position in shares of Matrix Service in the first quarter valued at approximately $112,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Matrix Service in the first quarter valued at approximately $112,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Matrix Service in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.

Matrix Service Trading Down 5.8 %

NASDAQ:MTRX opened at $5.51 on Wednesday. Matrix Service has a 12 month low of $3.31 and a 12 month high of $9.52. The firm has a market cap of $149.05 million, a price-to-earnings ratio of -3.87 and a beta of 1.61. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $5.30 and its 200-day moving average is $6.17.

Matrix Service Profile

(Get Rating)

Matrix Service Co engages in the provision of engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets. It operates through the following segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.