Bank of Montreal Can lessened its position in Macquarie Infrastructure Corp (NYSE:MIC) by 87.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,027 shares of the conglomerate’s stock after selling 171,384 shares during the quarter. Bank of Montreal Can’s holdings in Macquarie Infrastructure were worth $1,607,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Toronto Dominion Bank raised its holdings in Macquarie Infrastructure by 3.6% in the 2nd quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock worth $240,000 after acquiring an additional 107 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Macquarie Infrastructure by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,535 shares of the conglomerate’s stock worth $2,864,000 after purchasing an additional 438 shares during the period. California State Teachers Retirement System increased its holdings in shares of Macquarie Infrastructure by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 153,795 shares of the conglomerate’s stock worth $12,057,000 after purchasing an additional 731 shares during the period. Brookstone Capital Management increased its holdings in shares of Macquarie Infrastructure by 22.8% during the 3rd quarter. Brookstone Capital Management now owns 4,303 shares of the conglomerate’s stock worth $311,000 after purchasing an additional 798 shares during the period. Finally, Private Capital Management Inc. increased its holdings in shares of Macquarie Infrastructure by 15.3% during the 3rd quarter. Private Capital Management Inc. now owns 6,800 shares of the conglomerate’s stock worth $491,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 75.76% of the company’s stock.
Macquarie Infrastructure Corp (NYSE:MIC) opened at $63.01 on Wednesday. Macquarie Infrastructure Corp has a twelve month low of $61.55 and a twelve month high of $81.74. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. The stock has a market cap of $5,330.00, a PE ratio of 30.44 and a beta of 0.87.
In other news, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the transaction, the director now owns 46,925 shares in the company, valued at approximately $3,100,334.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total transaction of $114,086.84. Following the transaction, the director now owns 49,076 shares in the company, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
MIC has been the topic of several research reports. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, November 18th. SunTrust Banks dropped their price objective on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a 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. Macquarie Infrastructure currently has a consensus rating of “Hold” and an average price target of $83.75.
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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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