Shares of Macquarie Infrastructure Corp (NYSE:MIC) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $83.67.
A number of equities research analysts recently commented on MIC shares. SunTrust Banks dropped their price objective on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th.
Macquarie Infrastructure (NYSE MIC) traded down $0.54 during midday trading on Tuesday, reaching $64.37. The company had a trading volume of 768,185 shares, compared to its average volume of 890,338. The company has a market capitalization of $5,489.05, a P/E ratio of 30.22 and a beta of 0.87. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure has a fifty-two week low of $61.55 and a fifty-two week high of $81.74.
In other news, Director Norman H. Brown, Jr. sold 1,732 shares of the company’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 completion of the transaction, the director now directly owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total value of $142,116.57. Following the transaction, the director now directly owns 46,925 shares of the company’s stock, valued at $3,100,334.75. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. American International Group Inc. acquired a new position in Macquarie Infrastructure during the fourth quarter valued at approximately $105,000. Metropolitan Life Insurance Co. NY bought a new stake in Macquarie Infrastructure in the fourth quarter valued at approximately $148,000. Cowen Prime Services LLC bought a new stake in Macquarie Infrastructure in the fourth quarter valued at approximately $161,000. LS Investment Advisors LLC raised its stake in Macquarie Infrastructure by 40.2% in the fourth quarter. LS Investment Advisors LLC now owns 2,908 shares of the conglomerate’s stock valued at $187,000 after buying an additional 834 shares during the period. Finally, FNY Partners Fund LP raised its stake in Macquarie Infrastructure by 200.0% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock valued at $216,000 after buying an additional 2,000 shares during the period. 77.66% of the stock is owned by institutional investors.
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About Macquarie Infrastructure
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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