Biondo Investment Advisors LLC raised its stake in shares of Macquarie Infrastructure Company (NYSE:MIC) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,971 shares of the conglomerate’s stock after acquiring an additional 3,771 shares during the period. Biondo Investment Advisors LLC owned approximately 0.05% of Macquarie Infrastructure worth $3,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MIC. DekaBank Deutsche Girozentrale raised its stake in Macquarie Infrastructure by 142.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,338 shares of the conglomerate’s stock valued at $449,000 after acquiring an additional 3,138 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Macquarie Infrastructure by 412.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock valued at $165,000 after acquiring an additional 1,650 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Macquarie Infrastructure by 101.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,972 shares of the conglomerate’s stock valued at $723,000 after acquiring an additional 4,508 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Macquarie Infrastructure by 3.5% during the 1st quarter. Pictet Asset Management Ltd. now owns 26,900 shares of the conglomerate’s stock valued at $2,168,000 after acquiring an additional 900 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Macquarie Infrastructure by 3.2% during the 1st quarter. World Asset Management Inc now owns 2,727 shares of the conglomerate’s stock valued at $220,000 after acquiring an additional 84 shares during the last quarter. 80.53% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on MIC shares. Zacks Investment Research raised Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. BidaskClub raised Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their price objective for the company from $89.00 to $83.00 in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.75.

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Macquarie Infrastructure Company (NYSE:MIC) traded up 0.38% during mid-day trading on Wednesday, reaching $73.73. The company’s stock had a trading volume of 136,239 shares. The stock’s 50-day moving average is $73.69 and its 200-day moving average is $77.23. The firm has a market capitalization of $6.10 billion, a PE ratio of 35.45 and a beta of 0.87. Macquarie Infrastructure Company has a 12 month low of $71.23 and a 12 month high of $85.45.

Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.26). Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The business had revenue of $438.99 million during the quarter, compared to the consensus estimate of $416.50 million. On average, equities analysts anticipate that Macquarie Infrastructure Company will post $1.92 EPS for the current year.

Macquarie Infrastructure 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.

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

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