The stock of Matrix Service Co (NASDAQ:MTRX) is a huge mover today! About 93,103 shares traded hands. Matrix Service Co (NASDAQ:MTRX) has risen 4.37% since April 14, 2016 and is uptrending. It has underperformed by 0.31% the S&P500.
The move comes after 8 months positive chart setup for the $533.89M company. It was reported on Nov, 16 by Barchart.com. We have $25.22 PT which if reached, will make NASDAQ:MTRX worth $149.49M more.
Matrix Service Co (NASDAQ:MTRX) Ratings Coverage
Out of 9 analysts covering Matrix Service (NASDAQ:MTRX), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Matrix Service has been the topic of 11 analyst reports since September 1, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, February 11 report. The company was upgraded on Wednesday, January 13 by Citigroup. TheStreet upgraded the stock to “Buy” rating in Wednesday, September 2 report. The rating was upgraded by Avondale on Friday, May 6 to “Mkt Outperform”. Stifel Nicolaus maintained Matrix Service Co (NASDAQ:MTRX) rating on Wednesday, September 2. Stifel Nicolaus has “Buy” rating and $25 price target. Barclays Capital maintained it with “Overweight” rating and $27 target price in Monday, June 6 report. Zacks upgraded the stock to “Sell” rating in Tuesday, September 1 report. The firm has “Buy” rating given on Friday, September 18 by DA Davidson.
According to Zacks Investment Research, “MATRIX SERVICE CO. provides specialized on-site maintenance and construction services for petroleum refining and storage facilities and water storage tanks and systems for the municipal and private industry sector. Owners of these facilities use the Company’s services in an effort to improve operating efficiencies and to comply with stringent environmental and safety regulations. Through its subsidiaries Matrix Service, Inc., San Luis Tank Piping Construction Co., Inc., and an affiliated company West Coast Industrial Coatings, Inc., Heath Engineering, Ltd.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.50, from 1.61 in 2016Q1. The ratio dived, as 20 funds sold all Matrix Service Co shares owned while 51 reduced positions. 22 funds bought stakes while 57 increased positions. They now own 23.91 million shares or 2.71% less from 24.58 million shares in 2016Q1.
The Ohio-based Strs Ohio has invested 0.02% in Matrix Service Co (NASDAQ:MTRX). Menta Ltd Llc has invested 0.23% of its portfolio in Matrix Service Co (NASDAQ:MTRX). Century last reported 0.01% of its portfolio in the stock. The Illinois-based Citadel Advsr Lc has invested 0% in Matrix Service Co (NASDAQ:MTRX). Paradigm Cap Mgmt holds 0.35% of its portfolio in Matrix Service Co (NASDAQ:MTRX) for 174,200 shares. Blackrock Fund Advisors accumulated 1.87 million shares or 0.01% of the stock. Invest Counselors Of Maryland has 888,838 shares for 0.8% of their US portfolio. Putnam last reported 284,625 shares in the company. Parametric Assocs Ltd Company accumulated 0% or 148,521 shares. Susquehanna International Gp Llp accumulated 90,388 shares or 0% of the stock. Advsr Asset Management holds 0.05% or 191,355 shares in its portfolio. California State Teachers Retirement reported 55,688 shares or 0% of all its holdings. Principal Fincl Grp Inc holds 0% or 188,665 shares in its portfolio. Prudential Fin holds 0.01% of its portfolio in Matrix Service Co (NASDAQ:MTRX) for 244,162 shares. Legal General Group Inc Public Lc holds 0% of its portfolio in Matrix Service Co (NASDAQ:MTRX) for 6,418 shares.
Insider Transactions: Since September 9, 2016, the stock had 0 buys, and 7 insider sales for $1.15 million net activity. $39,294 worth of shares were sold by SHEETS JUSTIN D on Friday, September 30. $49,323 worth of Matrix Service Co (NASDAQ:MTRX) was sold by Cavanah Kevin S. $40,875 worth of Matrix Service Co (NASDAQ:MTRX) was sold by RYAN JAMES P. 14,043 Matrix Service Co (NASDAQ:MTRX) shares with value of $263,314 were sold by HEWITT JOHN R. Montalbano Joseph F sold $352,448 worth of stock or 19,447 shares.
More recent Matrix Service Co (NASDAQ:MTRX) news were published by: Streetinsider.com which released: “Form 4 MATRIX SERVICE CO For: Nov 14 Filed by: GIBSON JOHN WILLIAM” on November 16, 2016. Also Reuters.com published the news titled: “BRIEF-Matrix Service Co reports Q3 earnings per share $0.16” on May 04, 2016. Globenewswire.com‘s news article titled: “Matrix Service Company Certified by Great Place to Work®” with publication date: October 13, 2016 was also an interesting one.
MTRX Company Profile
Matrix Service Company, incorporated on October 13, 1989, is engaged in providing engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Firm operates through four divisions: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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