Rutabaga Capital Management Trimmed Matrix Service Company (MTRX) Stake By $467,500; Akebia Therapeutics (AKBA) Has 3.4 Sentiment

Akebia Therapeutics, Inc. (NASDAQ:AKBA) Logo

Akebia Therapeutics (AKBA) investors sentiment increased to 3.4 in Q4 2018. It’s up 2.51, from 0.89 in 2018Q3. The ratio is more positive, as 102 investment managers increased and opened new stock positions, while 30 decreased and sold their holdings in Akebia Therapeutics. The investment managers in our database now have: 154.99 million shares, up from 38.94 million shares in 2018Q3. Also, the number of investment managers holding Akebia Therapeutics in top ten stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 9 Reduced: 21 Increased: 58 New Position: 44.

Rutabaga Capital Management Llc decreased Matrix Service Company (MTRX) stake by 10.23% reported in 2018Q4 SEC filing. Rutabaga Capital Management Llc sold 27,500 shares as Matrix Service Company (MTRX)’s stock rose 4.06%. The Rutabaga Capital Management Llc holds 241,302 shares with $4.33M value, down from 268,802 last quarter. Matrix Service Company now has $547.47M valuation. The stock decreased 1.26% or $0.26 during the last trading session, reaching $20.44. About 199,997 shares traded or 14.18% up from the average. Matrix Service Company (NASDAQ:MTRX) has risen 44.97% since March 17, 2018 and is uptrending. It has outperformed by 40.60% the S&P500. Some Historical MTRX News: 10/05/2018 – Matrix Service Inc. Awarded Full EPC by Large Independent Oil Company for Expansion of Crude Oil Storage and Loading Capabiliti; 09/05/2018 – MATRIX SERVICE 3Q REV. $245.6M; 26/04/2018 – Matrix Service Company Sets Date to Discuss Results for Third Quarter Fiscal 2018; 09/05/2018 – MATRIX SERVICE SEES FY EPS 15C TO 20C; 09/05/2018 – Matrix Service 3Q Loss/Shr 19c; 15/05/2018 – KEYERA AWARDS MATRIX SERVICE TURNKEY EPC CONTRACT; 09/05/2018 – Matrix Service 3Q Rev $245.6M; 09/05/2018 – MATRIX SERVICE CO MTRX.O SEES FY REVENUE $1.075 BLN TO $1.1 BLN; 07/03/2018 – Norges Bank Exits Position in Matrix Service; 19/03/2018 – Matrix Service Plans to Hold Annual Say-on-Pay Shareholder Votes

More notable recent Akebia Therapeutics, Inc. (NASDAQ:AKBA) news were published by: Seekingalpha.com which released: “Akebia up 38% premarket on positive vadadustat data – Seeking Alpha” on March 12, 2019, also Nasdaq.com with their article: “Why Akebia Therapeutics Is Soaring Today – Nasdaq” published on March 12, 2019, Nasdaq.com published: “Analysts Estimate Akebia Therapeutics (AKBA) to Report a Decline in Earnings: What to Look Out for – Nasdaq” on March 11, 2019. More interesting news about Akebia Therapeutics, Inc. (NASDAQ:AKBA) were released by: Nasdaq.com and their article: “Health Care Sector Update for 03/12/2019: ZFGN, AKBA, HEXO, JNJ, PFE, ABT, MRK, AMGN – Nasdaq” published on March 12, 2019 as well as Nasdaq.com‘s news article titled: “Pre-Market Most Active for Mar 12, 2019 : AKBA, MOMO, SQQQ, NIO, SFIX, ERIC, TVIX, BA, DKS, NM, ADT, ACB – Nasdaq” with publication date: March 12, 2019.

Akebia Therapeutics, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapeutics to patients with kidney disease through hypoxia-inducible factor biology. The company has market cap of $954.98 million. The Company’s lead product candidate is vadadustat, an oral therapy, which is in Phase III development for the treatment of anemia related to chronic kidney disease in non-dialysis and dialysis patients. It currently has negative earnings. The firm is also developing a HIF portfolio of product candidates that include AKB-6899 for the treatment of anemia; and AKB-5169, a preclinical compound for the treatment for inflammatory bowel disease.

Dafna Capital Management Llc holds 1.97% of its portfolio in Akebia Therapeutics, Inc. for 715,538 shares. Abrams Capital Management L.P. owns 5.66 million shares or 1.29% of their US portfolio. Moreover, Baupost Group Llc Ma has 1.17% invested in the company for 24.47 million shares. The Connecticut-based Nantahala Capital Management Llc has invested 0.86% in the stock. Old West Investment Management Llc, a California-based fund reported 459,457 shares.

The stock increased 2.64% or $0.21 during the last trading session, reaching $8.17. About 2.45M shares traded or 113.73% up from the average. Akebia Therapeutics, Inc. (AKBA) has declined 48.40% since March 17, 2018 and is downtrending. It has underperformed by 52.77% the S&P500. Some Historical AKBA News: 12/03/2018 Akebia Therapeutics 4Q Rev $87.3M; 03/04/2018 – Akebia Therapeutics Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4); 25/04/2018 – $GSK catching up quickly in HIF vs. $FGEN and $AKBA Positive results in house from first of three Ph3 for daprodustat in Japan; 12/03/2018 – AKEBIA SEES VADADUSTAT TOP-LINE PHASE 3 DATA NEXT YEAR; 14/05/2018 – Laurion Capital Buys New 1.7% Position in Akebia Therapeutics; 12/03/2018 – Akebia Therapeutics 4Q EPS 25c; 12/03/2018 – Akebia Therapeutics 4Q Net $12.3M; 15/05/2018 – Akebia Therapeutics at UBS Global Healthcare Conference May 22; 16/05/2018 – Akebia Therapeutics Presenting at UBS Conference May 22; 23/04/2018 – DJ Akebia Therapeutics Inc, Inst Holders, 1Q 2018 (AKBA)

Investors sentiment decreased to 1.54 in Q4 2018. Its down 0.04, from 1.58 in 2018Q3. It dived, as 14 investors sold MTRX shares while 42 reduced holdings. 30 funds opened positions while 56 raised stakes. 23.80 million shares or 1.70% more from 23.40 million shares in 2018Q3 were reported. Nordea Inv Mngmt Ab stated it has 0.01% of its portfolio in Matrix Service Company (NASDAQ:MTRX). Arizona State Retirement Sys, Arizona-based fund reported 41,691 shares. Systematic Finance Ltd Partnership has invested 0.04% in Matrix Service Company (NASDAQ:MTRX). Secor Capital Advisors LP accumulated 47,076 shares. Tiaa Cref Investment Mngmt Lc holds 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX) for 154,845 shares. Public Sector Pension Board has invested 0% in Matrix Service Company (NASDAQ:MTRX). Moreover, First Quadrant Lp Ca has 0.01% invested in Matrix Service Company (NASDAQ:MTRX) for 5,383 shares. The Texas-based Next Gp has invested 0% in Matrix Service Company (NASDAQ:MTRX). Moreover, Ny State Teachers Retirement Systems has 0% invested in Matrix Service Company (NASDAQ:MTRX). Ls Inv Advisors Limited Com invested in 0% or 711 shares. Sei Invests Communication holds 2,934 shares or 0% of its portfolio. Fmr holds 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX) for 94,680 shares. Clarivest Asset Mgmt Llc holds 10,251 shares. Northern Tru stated it has 770,621 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,075 shares or 0% of all its holdings.

Since September 17, 2018, it had 0 buys, and 3 selling transactions for $392,418 activity. The insider AUSTIN NANCY E sold 10,868 shares worth $268,905. Shares for $304,278 were sold by Rinehart Bradley J. On Monday, September 17 the insider MAXWELL TOM E sold $435,990. 2,884 shares were sold by BENNETT RICK J, worth $60,631 on Friday, February 15.

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 15.48 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.

Matrix Service Company (NASDAQ:MTRX) Institutional Positions Chart