Group Ltd Macquarie Acquires 91,400 Shares of Macquarie Infrastructure Corp (MIC) Stock

Macquarie Infrastructure Corp (NYSE:MIC) major shareholder Group Ltd Macquarie acquired 91,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The shares were bought at an average cost of $42.33 per share, with a total value of $3,868,962.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Ltd Macquarie also recently made the following trade(s):

  • On Monday, June 25th, Group Ltd Macquarie acquired 385,752 shares of Macquarie Infrastructure stock. The shares were bought at an average cost of $42.36 per share, with a total value of $16,340,454.72.
  • On Tuesday, June 19th, Group Ltd Macquarie acquired 158,857 shares of Macquarie Infrastructure stock. The shares were bought at an average cost of $41.71 per share, with a total value of $6,625,925.47.
  • On Thursday, June 14th, Group Ltd Macquarie acquired 130,569 shares of Macquarie Infrastructure stock. The shares were bought at an average cost of $41.58 per share, with a total value of $5,429,059.02.
  • On Monday, June 11th, Group Ltd Macquarie acquired 61,400 shares of Macquarie Infrastructure stock. The shares were bought at an average cost of $41.29 per share, with a total value of $2,535,206.00.

Macquarie Infrastructure opened at $42.34 on Wednesday, Marketbeat Ratings reports. Macquarie Infrastructure Corp has a 1 year low of $36.20 and a 1 year high of $79.36. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.54 and a beta of 1.25.

Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Wednesday, May 2nd. The conglomerate reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.35. Macquarie Infrastructure had a return on equity of 6.04% and a net margin of 26.38%. The firm had revenue of $501.56 million during the quarter, compared to analysts’ expectations of $457.10 million. equities research analysts anticipate that Macquarie Infrastructure Corp will post 2.38 earnings per share for the current year.

A number of equities research analysts recently commented on MIC shares. Zacks Investment Research raised Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. SunTrust Banks set a $45.00 target price on Macquarie Infrastructure and gave the company a “hold” rating in a research note on Sunday, April 22nd. Barclays set a $41.00 target price on Macquarie Infrastructure and gave the company a “hold” rating in a research note on Monday, March 26th. Oppenheimer set a $60.00 target price on Macquarie Infrastructure and gave the company a “buy” rating in a research note on Thursday, May 3rd. Finally, ValuEngine cut Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Macquarie Infrastructure currently has an average rating of “Hold” and an average price target of $49.60.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Macquarie Infrastructure by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 655,196 shares of the conglomerate’s stock worth $42,027,000 after buying an additional 21,566 shares during the period. AXA boosted its position in shares of Macquarie Infrastructure by 30.9% during the fourth quarter. AXA now owns 8,900 shares of the conglomerate’s stock worth $572,000 after buying an additional 2,100 shares during the period. Bamco Inc. NY boosted its position in shares of Macquarie Infrastructure by 104.9% during the fourth quarter. Bamco Inc. NY now owns 624,519 shares of the conglomerate’s stock worth $40,094,000 after buying an additional 319,797 shares during the period. Ascend Capital LLC boosted its position in shares of Macquarie Infrastructure by 576.6% during the fourth quarter. Ascend Capital LLC now owns 684,005 shares of the conglomerate’s stock worth $43,912,000 after buying an additional 582,907 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in shares of Macquarie Infrastructure during the fourth quarter worth about $2,407,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Macquarie Infrastructure Company Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada.

Insider Buying and Selling by Quarter for Macquarie Infrastructure (NYSE:MIC)

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