Macquarie Infrastructure Corp (NYSE:MIC) has been given a consensus recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $83.67.
MIC has been the topic of a number of recent research reports. SunTrust Banks lowered their price objective on Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th.
Shares of Macquarie Infrastructure (NYSE MIC) traded down $0.54 during midday trading on Tuesday, hitting $64.37. The stock 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 price-to-earnings ratio of 30.22 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. Macquarie Infrastructure has a one year low of $61.55 and a one year high of $81.74.
In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 1,732 shares of the firm’s stock in a transaction on 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 approximately $3,232,636.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Norman H. Brown, Jr. sold 2,151 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total value 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 disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of MIC. American International Group Inc. acquired a new stake in shares of Macquarie Infrastructure in the 4th quarter valued at $105,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Macquarie Infrastructure in the 4th quarter valued at $148,000. Cowen Prime Services LLC acquired a new stake in shares of Macquarie Infrastructure in the 4th quarter valued at $161,000. LS Investment Advisors LLC boosted its holdings in shares of Macquarie Infrastructure by 40.2% in the 4th quarter. LS Investment Advisors LLC now owns 2,908 shares of the conglomerate’s stock valued at $187,000 after purchasing an additional 834 shares in the last quarter. Finally, FNY Partners Fund LP boosted its holdings 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 in the last quarter. 77.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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