Campbell & CO Investment Adviser LLC Acquires Shares of 7,300 MasTec, Inc. (MTZ)
Campbell & CO Investment Adviser LLC acquired a new stake in MasTec, Inc. (NYSE:MTZ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,300 shares of the construction company’s stock, valued at approximately $326,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in shares of MasTec by 79.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,775 shares of the construction company’s stock valued at $141,000 after acquiring an additional 1,225 shares in the last quarter. Profit Investment Management LLC grew its holdings in shares of MasTec by 2.6% in the 3rd quarter. Profit Investment Management LLC now owns 51,101 shares of the construction company’s stock valued at $161,000 after acquiring an additional 1,304 shares in the last quarter. Wellington Shields Capital Management LLC bought a new position in shares of MasTec in the 2nd quarter valued at about $203,000. UBP Investment Advisors SA bought a new position in shares of MasTec in the 3rd quarter valued at about $223,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of MasTec by 66.7% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,700 shares of the construction company’s stock valued at $239,000 after acquiring an additional 1,880 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
Several brokerages have recently weighed in on MTZ. Robert W. Baird cut MasTec from an “outperform” rating to a “neutral” rating and set a $50.67 price objective for the company. in a report on Friday, November 9th. Citigroup set a $70.00 price objective on MasTec and gave the company a “buy” rating in a report on Monday, November 5th. Canaccord Genuity cut their target price on shares of MasTec from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, November 5th. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, October 22nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. MasTec has a consensus rating of “Buy” and an average price target of $60.42.
MasTec (NYSE:MTZ) last issued its earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. MasTec had a net margin of 5.89% and a return on equity of 17.01%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $0.82 EPS. MasTec’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that MasTec, Inc. will post 3.65 EPS for the current year.
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MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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