Tredje AP fonden Increases Holdings in Macquarie Infrastructure Company (MIC)

Tredje AP fonden raised its holdings in shares of Macquarie Infrastructure Company (NYSE:MIC) by 191.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,707 shares of the conglomerate’s stock after purchasing an additional 22,148 shares during the quarter. Tredje AP fonden’s holdings in Macquarie Infrastructure were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Macquarie Infrastructure in the 1st quarter worth about $121,000. Ffcm LLC increased its stake in Macquarie Infrastructure by 122.1% in the 2nd quarter. Ffcm LLC now owns 2,010 shares of the conglomerate’s stock worth $159,000 after buying an additional 1,105 shares during the period. Daiwa Securities Group Inc. increased its stake in Macquarie Infrastructure by 412.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock worth $165,000 after buying an additional 1,650 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Macquarie Infrastructure in the 2nd quarter worth about $165,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Macquarie Infrastructure by 13.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,268 shares of the conglomerate’s stock worth $178,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

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A number of research analysts have commented on the stock. BidaskClub downgraded shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC downgraded shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their target price for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.75.

Macquarie Infrastructure Company (NYSE:MIC) opened at 73.72 on Friday. Macquarie Infrastructure Company has a 12-month low of $71.23 and a 12-month high of $85.45. The stock’s 50 day moving average is $73.79 and its 200 day moving average is $77.26. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 35.44 and a beta of 0.87.

Macquarie Infrastructure (NYSE:MIC) last announced its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.26). Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. The company had revenue of $438.99 million for the quarter, compared to analysts’ expectations of $416.50 million. Equities research analysts forecast that Macquarie Infrastructure Company will post $1.92 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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