Ergoteles LLC lessened its position in Matrix Service (NASDAQ:MTRX – Get Rating) by 32.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 85,722 shares of the oil and gas company’s stock after selling 41,378 shares during the period. Ergoteles LLC owned approximately 0.32% of Matrix Service worth $355,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of Matrix Service during the second quarter valued at approximately $29,000. Laurion Capital Management LP bought a new stake in shares of Matrix Service in the second quarter valued at $56,000. ExodusPoint Capital Management LP bought a new stake in shares of Matrix Service in the second quarter valued at $59,000. Wedbush Securities Inc. bought a new stake in shares of Matrix Service in the third quarter valued at $71,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Matrix Service in the first quarter valued at $109,000. Institutional investors and hedge funds own 77.54% of the company’s stock.
Matrix Service Stock Performance
NASDAQ:MTRX opened at $6.93 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.41. Matrix Service has a 52-week low of $3.31 and a 52-week high of $9.52. The firm has a market cap of $187.39 million, a price-to-earnings ratio of -3.07 and a beta of 1.63. The business’s fifty day moving average is $7.41 and its 200 day moving average is $5.91.
About Matrix Service
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.
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