11,685 Shares in MasTec, Inc. (MTZ) Acquired by Virtu Financial LLC
Virtu Financial LLC purchased a new position in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,685 shares of the construction company’s stock, valued at approximately $572,000.
Several other institutional investors also recently bought and sold shares of MTZ. Victory Capital Management Inc. grew its stake in shares of MasTec by 207,898.9% in the 4th quarter. Victory Capital Management Inc. now owns 740,476 shares of the construction company’s stock worth $36,246,000 after buying an additional 740,120 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of MasTec by 15.3% in the 3rd quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock worth $141,374,000 after buying an additional 404,076 shares during the last quarter. 1060 Capital LLC grew its stake in shares of MasTec by 73.0% in the 3rd quarter. 1060 Capital LLC now owns 940,275 shares of the construction company’s stock worth $43,629,000 after buying an additional 396,847 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of MasTec by 47.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,186,072 shares of the construction company’s stock worth $58,058,000 after buying an additional 380,880 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of MasTec by 112.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 690,800 shares of the construction company’s stock worth $32,053,000 after buying an additional 365,400 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.
MTZ has been the topic of several recent research reports. Credit Suisse Group restated an “outperform” rating and issued a $69.00 price target (up previously from $58.00) on shares of MasTec in a research note on Thursday, January 18th. ValuEngine downgraded MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Craig Hallum upped their price target on MasTec from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus upped their price target on MasTec from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, B. Riley reiterated a “buy” rating and set a $67.00 target price (up from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.01.
Shares of MasTec, Inc. (NYSE:MTZ) opened at $49.25 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.92. MasTec, Inc. has a 52 week low of $36.40 and a 52 week high of $55.53. The company has a market capitalization of $4,079.13, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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