Macquarie Infrastructure Company (MIC) Holdings Held by Evercore Wealth Management LLC
Evercore Wealth Management LLC continued to hold its stake in Macquarie Infrastructure Company (NYSE:MIC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,331 shares of the conglomerate’s stock at the close of the 2nd quarter. Evercore Wealth Management LLC’s holdings in Macquarie Infrastructure were worth $340,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Macquarie Infrastructure by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 794,654 shares of the conglomerate’s stock valued at $62,304,000 after acquiring an additional 88,038 shares during the period. Hood River Capital Management LLC raised its stake in Macquarie Infrastructure by 39.4% in the 2nd quarter. Hood River Capital Management LLC now owns 131,999 shares of the conglomerate’s stock valued at $10,349,000 after acquiring an additional 37,325 shares during the period. TLP Group LLC bought a new stake in Macquarie Infrastructure in the 2nd quarter valued at about $251,000. Parametric Portfolio Associates LLC raised its stake in Macquarie Infrastructure by 8.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 181,972 shares of the conglomerate’s stock valued at $14,267,000 after acquiring an additional 14,707 shares during the period. Finally, Cibc World Markets Corp raised its stake in Macquarie Infrastructure by 119.0% in the 2nd quarter. Cibc World Markets Corp now owns 398,500 shares of the conglomerate’s stock valued at $31,242,000 after acquiring an additional 216,500 shares during the period. Institutional investors and hedge funds own 80.53% of the company’s stock.
Shares of Macquarie Infrastructure Company (NYSE:MIC) opened at 73.03 on Thursday. The stock’s 50 day moving average price is $73.69 and its 200 day moving average price is $77.23. The company has a market capitalization of $6.04 billion, a PE ratio of 35.11 and a beta of 0.87. Macquarie Infrastructure Company has a 12 month low of $71.23 and a 12 month high of $85.45.
Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.26). Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The company had revenue of $438.99 million during the quarter, compared to the consensus estimate of $416.50 million. On average, analysts forecast that Macquarie Infrastructure Company will post $1.89 EPS for the current year.
A number of equities research analysts recently issued reports on the company. BidaskClub cut Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Barclays PLC cut Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price target for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $88.75.
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Macquarie Infrastructure Profile
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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