Benson Investment Management Company Inc. acquired a new stake in Macquarie Infrastructure Corp (NYSE:MIC) in the 4th quarter, Holdings Channel reports. The firm acquired 36,555 shares of the conglomerate’s stock, valued at approximately $2,347,000.

Several other large investors also recently added to or reduced their stakes in MIC. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Macquarie Infrastructure during the 2nd quarter valued at $206,000. FNY Partners Fund LP increased its stake in Macquarie Infrastructure by 200.0% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock valued at $216,000 after purchasing an additional 2,000 shares in the last quarter. Sigma Planning Corp bought a new stake in Macquarie Infrastructure during the 3rd quarter valued at $221,000. BlueCrest Capital Management Ltd bought a new stake in Macquarie Infrastructure during the 2nd quarter valued at $233,000. Finally, Comerica Bank increased its stake in Macquarie Infrastructure by 2.0% during the 2nd quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock valued at $240,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 75.72% of the company’s stock.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total transaction of $114,086.84. Following the sale, the director now owns 49,076 shares of the company’s stock, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Shares of Macquarie Infrastructure Corp (NYSE:MIC) traded down $0.97 during mid-day trading on Friday, reaching $64.96. 670,680 shares of the company’s stock were exchanged, compared to its average volume of 998,412. The company has a market cap of $5,500.00, a price-to-earnings ratio of 31.38 and a beta of 0.87. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure Corp has a fifty-two week low of $63.08 and a fifty-two week high of $83.48.

A number of brokerages have commented on MIC. SunTrust Banks decreased their price target on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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