Bramshill Investments LLC Has $957,000 Stake in Macquarie Infrastructure Corp (MIC)
Bramshill Investments LLC decreased its holdings in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 9.2% during the 3rd quarter, Holdings Channel reports. The firm owned 20,752 shares of the conglomerate’s stock after selling 2,112 shares during the period. Bramshill Investments LLC’s holdings in Macquarie Infrastructure were worth $957,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MIC. Girard Partners LTD. acquired a new position in shares of Macquarie Infrastructure during the 3rd quarter worth $108,000. NumerixS Investment Technologies Inc acquired a new position in shares of Macquarie Infrastructure during the 2nd quarter worth $122,000. Comprehensive Portfolio Management LLC acquired a new position in shares of Macquarie Infrastructure during the 3rd quarter worth $208,000. Private Advisor Group LLC acquired a new position in shares of Macquarie Infrastructure during the 3rd quarter worth $208,000. Finally, Marshall Wace LLP acquired a new position in shares of Macquarie Infrastructure during the 2nd quarter worth $220,000. Institutional investors own 79.97% of the company’s stock.
In other news, major shareholder Group Ltd Macquarie bought 37,100 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average cost of $46.65 per share, for a total transaction of $1,730,715.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher Frost bought 25,160 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was purchased at an average price of $39.73 per share, for a total transaction of $999,606.80. The disclosure for this purchase can be found here. Insiders purchased a total of 74,260 shares of company stock worth $3,198,802 over the last quarter. 6.90% of the stock is currently owned by company insiders.
Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Wednesday, October 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.27). Macquarie Infrastructure had a net margin of 25.26% and a return on equity of 5.81%. The firm had revenue of $473.28 million during the quarter, compared to analyst estimates of $476.20 million.
MIC has been the topic of several analyst reports. Oppenheimer set a $60.00 price target on shares of Macquarie Infrastructure and gave the stock a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.
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Macquarie Infrastructure Profile
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada.
Read More: Return on Equity (ROE)
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