Matrix Service Co (NASDAQ:MTRX) Institutional Investors 2018 Q4 Sentiment

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Sentiment for Matrix Service Co (NASDAQ:MTRX)

Matrix Service Co (NASDAQ:MTRX) institutional sentiment decreased to 1.54 in 2018 Q4. Its down -0.04, from 1.58 in 2018Q3. The ratio is negative, as 86 hedge funds started new or increased stock positions, while 56 sold and trimmed positions in Matrix Service Co. The hedge funds in our partner’s database reported: 23.80 million shares, up from 23.40 million shares in 2018Q3. Also, the number of hedge funds holding Matrix Service Co in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 14 Reduced: 42 Increased: 56 New Position: 30.

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 has market cap of $528.19 million. The companyÂ’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. It currently has negative earnings. The Company’s Oil Gas & Chemical segment provides turnaround, plant maintenance, engineering, and construction services for the downstream and midstream petroleum industries; and hydro blasting, hydro excavating, chemical cleaning, and vacuum services, as well as performs work in the petrochemical, natural gas, gas processing and compression, and upstream petroleum markets.

The stock decreased 1.10% or $0.22 during the last trading session, reaching $19.72. About 32,430 shares traded. Matrix Service Company (NASDAQ:MTRX) has risen 44.97% since April 11, 2018 and is uptrending. It has outperformed by 40.60% the S&P500.

Analysts await Matrix Service Company (NASDAQ:MTRX) to report earnings on May, 8. They expect $0.33 earnings per share, up 320.00 % or $0.48 from last year’s $-0.15 per share. MTRX’s profit will be $8.84M for 14.94 P/E if the $0.33 EPS becomes a reality. After $0.14 actual earnings per share reported by Matrix Service Company for the previous quarter, Wall Street now forecasts 135.71 % EPS growth.

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First Wilshire Securities Management Inc holds 2.34% of its portfolio in Matrix Service Company for 347,278 shares. Smith Graham & Co. Investment Advisors Lp owns 710,706 shares or 1.56% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 1.43% invested in the company for 241,302 shares. The Illinois-based Perritt Capital Management Inc has invested 1.03% in the stock. Pacific Global Investment Management Co, a California-based fund reported 98,400 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $60,631 activity.

More notable recent Matrix Service Company (NASDAQ:MTRX) news were published by: Nasdaq.com which released: “Oil and Gas Equipment Industry Outlook: Pain to Prevail – Nasdaq” on September 18, 2018, also Globenewswire.com with their article: “Matrix Service Awarded Construction of First-Ever Ionic Alkylation Unit in the U.S. at Chevron’s Salt Lake City Refinery – GlobeNewswire” published on December 10, 2018, Globenewswire.com published: “Matrix Service Company Sets Date to Discuss Results for Fourth Quarter and Fiscal Year Ended June 30, 2018 – GlobeNewswire” on August 20, 2018. More interesting news about Matrix Service Company (NASDAQ:MTRX) were released by: Globenewswire.com and their article: “Matrix Service Company Sets Date to Discuss Results for the First Quarter of Fiscal 2019 – GlobeNewswire” published on October 24, 2018 as well as Globenewswire.com‘s news article titled: “GDI Awards Matrix Service Inc., Engineering, Procurement, Fabrication and Construction Oversight for Storage Tanks at the IEnova New Liquid Fuels Marine Terminal in Veracruz, Mexico – GlobeNewswire” with publication date: February 07, 2018.

Matrix Service Company (NASDAQ:MTRX) Institutional Positions Chart