Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of MasTec Inc. (NYSE:MTZ) by 76.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 61,240 shares of the company’s stock after buying an additional 26,520 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.08% of MasTec worth $1,821,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in MTZ. Bank of New York Mellon Corp boosted its stake in MasTec by 16.2% in the second quarter. Bank of New York Mellon Corp now owns 294,179 shares of the company’s stock valued at $6,566,000 after buying an additional 40,959 shares during the period. Nordea Investment Management AB boosted its stake in MasTec by 3.5% in the second quarter. Nordea Investment Management AB now owns 121,849 shares of the company’s stock valued at $2,720,000 after buying an additional 4,085 shares during the period. Chicago Equity Partners LLC boosted its stake in MasTec by 11.7% in the second quarter. Chicago Equity Partners LLC now owns 34,715 shares of the company’s stock valued at $775,000 after buying an additional 3,635 shares during the period. Hood River Capital Management LLC boosted its stake in MasTec by 32.6% in the second quarter. Hood River Capital Management LLC now owns 589,613 shares of the company’s stock valued at $13,160,000 after buying an additional 144,963 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in MasTec by 4.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 15,575 shares of the company’s stock valued at $348,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 69.74% of the company’s stock.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

Shares of MasTec Inc. (NYSE:MTZ) traded up 0.55% during mid-day trading on Tuesday, hitting $36.55. The stock had a trading volume of 1,190,272 shares. MasTec Inc. has a one year low of $12.44 and a one year high of $38.05. The firm’s 50 day moving average price is $31.41 and its 200-day moving average price is $27.34. The company has a market cap of $2.94 billion, a PE ratio of 3322.73 and a beta of 1.22.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. MasTec had a net margin of 0.02% and a return on equity of 10.76%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.26 EPS. MasTec’s revenue was up 42.8% on a year-over-year basis. On average, equities research analysts anticipate that MasTec Inc. will post $1.74 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Has $1,821,000 Position in MasTec Inc. (MTZ)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of US and international trademark & copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/29/her-majesty-the-queen-in-right-of-the-province-of-alberta-as-represented-by-alberta-investment-management-corp-has-1821000-position-in-mastec-inc-mtz.html.

Several research firms have recently issued reports on MTZ. DA Davidson cut MasTec from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $39.00 in a report on Wednesday, November 16th. They noted that the move was a valuation call. KeyCorp increased their target price on MasTec from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday. Avondale Partners lowered MasTec from an “outperform” rating to a “market perform” rating in a research report on Friday, November 18th. Stifel Nicolaus increased their target price on MasTec from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Finally, Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, November 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.18.

MasTec Company Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

5 Day Chart for NYSE:MTZ

Receive News & Stock Ratings for MasTec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec Inc. and related stocks with our FREE daily email newsletter.