Fenimore Asset Management Inc. raised its stake in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,303 shares of the conglomerate’s stock after purchasing an additional 3,155 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Macquarie Infrastructure were worth $13,822,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MIC. Cowen Prime Services LLC purchased a new stake in shares of Macquarie Infrastructure in the 4th quarter worth about $161,000. FNY Partners Fund LP grew its position in shares of Macquarie Infrastructure by 200.0% in the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock worth $216,000 after buying an additional 2,000 shares during the period. Sigma Planning Corp purchased a new stake in shares of Macquarie Infrastructure in the 3rd quarter worth about $221,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Macquarie Infrastructure in the 2nd quarter worth about $233,000. Finally, Toronto Dominion Bank grew its position in shares of Macquarie Infrastructure by 3.6% in the 2nd quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock worth $240,000 after buying an additional 107 shares during the period. 75.97% of the stock is currently owned by institutional investors and hedge funds.

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

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday. SunTrust Banks reduced their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.75.

Shares of Macquarie Infrastructure Corp (NYSE:MIC) opened at $61.99 on Friday. The firm has a market cap of $5,386.73, a PE ratio of 29.91 and a beta of 0.87. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93. Macquarie Infrastructure Corp has a 1 year low of $61.85 and a 1 year high of $81.74.

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Macquarie Infrastructure Company 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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