November 30, 2016 - By Nellie Frank · 0 Comments
Macquarie Infrastructure Co Trust (NYSE:MIC) institutional sentiment decreased to 1.32 in 2016 Q2. Its down -0.06, from 1.38 in 2016Q1. The ratio turned negative, as 160 investment managers increased and opened new holdings, while 116 sold and decreased their equity positions in Macquarie Infrastructure Co Trust. The 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 investment managers holding Macquarie Infrastructure Co Trust in their top 10 holdings 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 $6.67 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 56.89 P/E ratio.
About 457,455 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 earnings per share, down 4.55% or $0.02 from last year’s $0.44 per share. MIC’s profit will be $34.37M for 48.52 P/E if the $0.42 EPS becomes a reality. After $0.51 actual earnings per share 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 17.78% above today’s ($81.51) share price. MIC was included in 7 notes of analysts from August 5, 2015. Wells Fargo reinitiated the shares of MIC in a report on Friday, November 18 with “Outperform” rating. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 2. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 5. The company was maintained on Wednesday, November 4 by RBC Capital Markets. JP Morgan maintained the stock with “Overweight” rating in Thursday, March 24 report.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Nellie Frank