Alyeska Investment Group L.P. bought a new position in Macquarie Infrastructure Corp (NYSE:MIC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,773 shares of the conglomerate’s stock, valued at approximately $1,499,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Asset Management Inc increased its stake in shares of Macquarie Infrastructure by 0.3% in the second quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock valued at $215,000 after buying an additional 9 shares during the period. US Bancorp DE increased its stake in shares of Macquarie Infrastructure by 1.0% in the second quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock valued at $211,000 after buying an additional 26 shares during the period. Comerica Bank increased its stake in shares of Macquarie Infrastructure by 2.0% in the second quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock valued at $240,000 after buying an additional 63 shares during the period. Toronto Dominion Bank increased its stake in shares of Macquarie Infrastructure by 3.6% in the second quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock valued at $240,000 after buying an additional 107 shares during the period. Finally, Convergence Investment Partners LLC increased its stake in shares of Macquarie Infrastructure by 2.7% in the second quarter. Convergence Investment Partners LLC now owns 9,534 shares of the conglomerate’s stock valued at $747,000 after buying an additional 255 shares during the period. 76.41% of the stock is owned by institutional investors and hedge funds.

In related news, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total transaction of $142,116.57. Following the sale, the director now owns 46,925 shares in the company, valued at approximately $3,100,334.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total value of $114,086.84. Following the sale, the director now owns 49,076 shares in the company, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Shares of Macquarie Infrastructure Corp (MIC) traded down $0.26 during trading on Thursday, hitting $64.84. The company had a trading volume of 1,071,300 shares, compared to its average volume of 603,508. Macquarie Infrastructure Corp has a 52 week low of $63.08 and a 52 week high of $83.48. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. The company has a market cap of $5,460.00, a price-to-earnings ratio of 30.56 and a beta of 0.86.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a dividend of $1.42 per share. This is a positive change from Macquarie Infrastructure’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Friday, November 10th. This represents a $5.68 annualized dividend and a dividend yield of 8.76%. Macquarie Infrastructure’s dividend payout ratio is presently 274.40%.

Several equities research analysts have recently weighed in on the company. SunTrust Banks decreased their price target on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Zacks Investment Research cut Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.75.

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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.

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

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