SG Americas Securities LLC boosted its position in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 974.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,167 shares of the conglomerate’s stock after buying an additional 17,383 shares during the quarter. SG Americas Securities LLC’s holdings in Macquarie Infrastructure were worth $1,231,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new position in shares of Macquarie Infrastructure in the 2nd quarter valued at $233,000. FNY Partners Fund LP boosted its position in shares of Macquarie Infrastructure by 200.0% in the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock valued at $216,000 after purchasing an additional 2,000 shares during the period. Toronto Dominion Bank boosted its position in shares of Macquarie Infrastructure by 3.6% in the 2nd quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock valued at $240,000 after purchasing an additional 107 shares during the period. Sigma Planning Corp acquired a new position in shares of Macquarie Infrastructure in the 3rd quarter valued at $221,000. Finally, Sheets Smith Wealth Management acquired a new position in shares of Macquarie Infrastructure in the 4th quarter valued at $262,000. 75.76% of the stock is owned by institutional investors and hedge funds.
In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total transaction of $142,116.57. Following the completion of the sale, the director now directly owns 46,925 shares in the company, valued at approximately $3,100,334.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total value of $114,086.84. Following the sale, the director now owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks decreased their price target on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.75.
Shares of Macquarie Infrastructure Corp (NYSE MIC) opened at $63.85 on Tuesday. Macquarie Infrastructure Corp has a 1 year low of $61.55 and a 1 year high of $81.74. The company has a market capitalization of $5,311.47, a PE ratio of 29.49 and a beta of 0.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07.
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Macquarie Infrastructure Company Profile
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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