First Trust Advisors LP Has $10.79 Million Holdings in Macquarie Infrastructure Corp (NYSE:MIC)

First Trust Advisors LP decreased its holdings in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,716 shares of the conglomerate’s stock after selling 8,118 shares during the quarter. First Trust Advisors LP owned 0.30% of Macquarie Infrastructure worth $10,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MIC. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Macquarie Infrastructure by 63.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock valued at $28,000 after buying an additional 299 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Macquarie Infrastructure during the fourth quarter valued at $28,000. Quad Cities Investment Group LLC grew its holdings in shares of Macquarie Infrastructure by 128.0% during the first quarter. Quad Cities Investment Group LLC now owns 684 shares of the conglomerate’s stock valued at $28,000 after buying an additional 384 shares in the last quarter. Sage Capital Advisors llc purchased a new position in shares of Macquarie Infrastructure during the fourth quarter valued at $31,000. Finally, Advisory Services Network LLC grew its holdings in shares of Macquarie Infrastructure by 209.6% during the fourth quarter. Advisory Services Network LLC now owns 1,548 shares of the conglomerate’s stock valued at $57,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

A number of research analysts have recently weighed in on MIC shares. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 485 ($6.34) target price on shares of in a research note on Tuesday, July 9th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Macquarie Infrastructure has an average rating of “Hold” and an average price target of $48.33.

NYSE MIC traded down $0.13 on Friday, reaching $41.18. The stock had a trading volume of 419,840 shares, compared to its average volume of 405,374. The firm has a 50 day simple moving average of $40.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.67 and a quick ratio of 1.64. Macquarie Infrastructure Corp has a 1 year low of $33.71 and a 1 year high of $47.74. The company has a market capitalization of $3.54 billion, a P/E ratio of 19.42 and a beta of 1.35.

Macquarie Infrastructure (NYSE:MIC) last issued its earnings results on Wednesday, May 1st. The conglomerate reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.18. Macquarie Infrastructure had a return on equity of 8.18% and a net margin of 6.93%. The firm had revenue of $482.00 million for the quarter, compared to the consensus estimate of $488.00 million. On average, research analysts forecast that Macquarie Infrastructure Corp will post 4.8 EPS for the current year.

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: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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