Axa bought a new stake in shares of Macquarie Infrastructure Company (NYSE:MIC) during the first quarter, Holdings Channel reports. The firm bought 3,800 shares of the conglomerate’s stock, valued at approximately $306,000.

Several other institutional investors have also added to or reduced their stakes in MIC. First Republic Investment Management Inc. acquired a new position in Macquarie Infrastructure Company during the fourth quarter valued at about $282,000. First Allied Advisory Services Inc. acquired a new position in Macquarie Infrastructure Company during the fourth quarter valued at about $217,000. Credit Agricole S A acquired a new position in Macquarie Infrastructure Company during the fourth quarter valued at about $3,438,000. Asset Management One Co. Ltd. raised its position in Macquarie Infrastructure Company by 223.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 171,999 shares of the conglomerate’s stock valued at $14,053,000 after buying an additional 118,862 shares during the last quarter. Finally, FMR LLC raised its position in Macquarie Infrastructure Company by 29.2% in the fourth quarter. FMR LLC now owns 51,667 shares of the conglomerate’s stock valued at $4,221,000 after buying an additional 11,667 shares during the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

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

Shares of Macquarie Infrastructure Company (MIC) opened at 78.35 on Friday. Macquarie Infrastructure Company has a 12 month low of $68.53 and a 12 month high of $85.45. The company’s 50 day moving average is $78.40 and its 200 day moving average is $79.55. The company has a market cap of $6.46 billion, a P/E ratio of 39.10 and a beta of 0.90.

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Several equities research analysts recently weighed in on MIC shares. Zacks Investment Research raised shares of Macquarie Infrastructure Company from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. SunTrust Banks, Inc. started coverage on shares of Macquarie Infrastructure Company in a research report on Tuesday, March 21st. They set a “buy” rating and a $92.00 price target for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $91.75.

About Macquarie Infrastructure Company

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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