Cipher Capital LP acquired a new position in shares of Macquarie Infrastructure Company (NYSE:MIC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,889 shares of the company’s stock, valued at approximately $1,707,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MIC. Crow Point Partners LLC purchased a new position in shares of Macquarie Infrastructure Company during the third quarter worth about $124,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Macquarie Infrastructure Company by 9.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,209 shares of the company’s stock worth $164,000 after buying an additional 194 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Macquarie Infrastructure Company during the third quarter worth about $204,000. National Planning Corp purchased a new position in shares of Macquarie Infrastructure Company during the fourth quarter worth about $204,000. Finally, Aperio Group LLC purchased a new position in shares of Macquarie Infrastructure Company during the third quarter worth about $225,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

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

Macquarie Infrastructure Company (NYSE:MIC) opened at 79.05 on Friday. Macquarie Infrastructure Company has a 12-month low of $58.89 and a 12-month high of $85.45. The firm has a market cap of $6.47 billion, a PE ratio of 54.74 and a beta of 0.94. The stock has a 50 day moving average of $80.30 and a 200 day moving average of $81.22.

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MIC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Macquarie Infrastructure Company from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 4th. Wells Fargo & Company restated an “outperform” rating on shares of Macquarie Infrastructure Company in a report on Friday, November 18th. RBC Capital Markets boosted their price objective on shares of Macquarie Infrastructure Company from $91.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Macquarie Infrastructure Company from $91.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $94.75.

In other Macquarie Infrastructure Company news, General Counsel Michael Kernan bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average cost of $74.15 per share, for a total transaction of $74,150.00. Following the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $74,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Hooke bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average price of $74.15 per share, for a total transaction of $1,112,250.00. Following the completion of the transaction, the chief executive officer now owns 56,576 shares in the company, valued at $4,195,110.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 22,500 shares of company stock worth $1,668,375. 7.50% of the stock is currently owned by corporate insiders.

About Macquarie Infrastructure Company

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.

5 Day Chart for NYSE:MIC

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