Macquarie Infrastructure Co. (MIC) Trading Up 1.8%
Shares of Macquarie Infrastructure Co. (NYSE:MIC) were up 1.8% during trading on Friday . The company traded as high as $76.69 and last traded at $76.64, with a volume of 233,626 shares trading hands. The stock had previously closed at $75.28.
A number of analysts recently commented on MIC shares. Barclays PLC reaffirmed a “buy” rating on shares of Macquarie Infrastructure in a research report on Tuesday, April 12th. JPMorgan Chase & Co. decreased their target price on Macquarie Infrastructure from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, March 24th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Macquarie Infrastructure in a research report on Saturday, May 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $91.25.
The company has a 50 day moving average price of $72.89 and a 200 day moving average price of $67.72. The company has a market capitalization of $6.18 billion and a PE ratio of 2198.29.
Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.19. The firm earned $396.40 million during the quarter, compared to analysts’ expectations of $434.44 million. On average, equities research analysts predict that Macquarie Infrastructure Co. will post $0.60 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. RidgeWorth Capital Management LLC raised its stake in Macquarie Infrastructure by 31.7% in the fourth quarter. RidgeWorth Capital Management LLC now owns 819,725 shares of the company’s stock worth $59,512,000 after buying an additional 197,475 shares in the last quarter. Vanguard Group Inc. raised its stake in Macquarie Infrastructure by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 4,790,230 shares of the company’s stock worth $347,772,000 after buying an additional 139,217 shares in the last quarter. Marshall Wace LLP purchased a new stake in Macquarie Infrastructure during the fourth quarter worth $7,524,000. J. Goldman & Co LP purchased a new stake in Macquarie Infrastructure during the fourth quarter worth $4,682,000. Finally, Advisors Asset Management Inc. raised its stake in Macquarie Infrastructure by 62.6% in the fourth quarter. Advisors Asset Management Inc. now owns 108,181 shares of the company’s stock worth $7,854,000 after buying an additional 41,632 shares in the last quarter.
Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment.
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