November 30, 2016 - By Louis Casey · 0 Comments
Macquarie Infrastructure Co LLC (NYSE:MIC) institutional sentiment decreased to 1.32 in 2016 Q2. Its down -0.06, from 1.38 in 2016Q1. The ratio is negative, as 160 active investment managers increased and started new stock positions, while 116 reduced and sold stock positions in Macquarie Infrastructure Co LLC. The active investment managers in our partner’s database now own: 63.66 million shares, down from 67.93 million shares in 2016Q1. Also, the number of active investment managers holding Macquarie Infrastructure Co LLC in their top 10 stock positions increased from 17 to 19 for an increase of 2. Sold All: 34 Reduced: 82 Increased: 123 New Position: 37.
Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The company has a market cap of $6.68 billion. The Company’s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. It has a 56.93 P/E ratio.
About 454,941 shares traded hands. Macquarie Infrastructure Corp (NYSE:MIC) has risen 15.65% since April 27, 2016 and is uptrending. It has outperformed by 10.42% the S&P500.
Analysts await Macquarie Infrastructure Corp (NYSE:MIC) to report earnings on February, 27. They expect $0.42 EPS, down 4.55% or $0.02 from last year’s $0.44 per share. MIC’s profit will be $34.40M for 48.55 P/E if the $0.42 EPS becomes a reality. After $0.51 actual EPS reported by Macquarie Infrastructure Corp for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.
According to Zacks Investment Research, “Macquarie owns, operate and invests in a diversified group of infrastructure businesses, which provide basic, everyday services, in the United States and other developed countries. Its initial businesses and investments consist of an airport services business (Atlantic and AvPorts), an airport parking business (PCAA and Avistar) and a district energy business (Thermal Chicago and Northwind Aladdin), a UK regulated water utility and in Macquarie Communications Infrastructure Group.”
Selz Capital Llc holds 21.3% of its portfolio in Macquarie Infrastructure Corp for 1.01 million shares. Tiger Legatus Capital Management Llc owns 700,000 shares or 15.69% of their US portfolio. Moreover, Moab Capital Partners Llc has 15.14% invested in the company for 643,395 shares. The New York-based Claar Advisors Llc has invested 14.16% in the stock. Msd Partners L.P., a New York-based fund reported 2.91 million shares.#img1#
Ratings analysis reveals 100% of MacQuarie Infrastructure’s analysts are positive. Out of 4 Wall Street analysts rating MacQuarie Infrastructure, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $90 while the high is $108. The stock’s average target of $96 is 17.70% above today’s ($81.56) share price. MIC was included in 7 notes of analysts from August 5, 2015. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The rating was reinitiated by Wells Fargo with “Outperform” on Friday, November 18. JP Morgan maintained Macquarie Infrastructure Corp (NYSE:MIC) rating on Thursday, March 24. JP Morgan has “Overweight” rating and $90 price target. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 2. The company was maintained on Wednesday, November 4 by RBC Capital Markets.
Macquarie Infrastructure Corporation, incorporated on April 13, 2004, owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The Companyâ€™s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group.
More recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Seekingalpha.com which released: “Is Macquarie Infrastructure Corp A Buy?” on March 24, 2016. Also Forbes.com published the news titled: “Macquarie Infrastructure (MIC) Passes Through 6% Yield Mark” on July 18, 2016. Fool.com‘s news article titled: “Macquarie Infrastructure Corporation Keeps Growing, but 2 Risks Cloud the …” with publication date: November 09, 2015 was also an interesting one.
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By Louis Casey