Macquarie Infrastructure Corp Position Change by Macquarie Infrastructure Management (Usa) Inc

May 24, 2018 - By Nellie Frank

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 1.24 in Q4 2017. Its down 0.22, from 1.46 in 2017Q3. It turned negative, as 40 investors sold Macquarie Infrastructure Corporation shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported.

Guggenheim Cap Ltd Liability Co holds 0.01% or 69,497 shares in its portfolio. Essex Services accumulated 4,414 shares. Fred Alger Mgmt holds 13,123 shares or 0% of its portfolio. Westwood Holdings Gp reported 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). 26,500 were reported by Andra Ap. Alliancebernstein Limited Partnership holds 51,255 shares or 0% of its portfolio. Selz Capital Ltd Liability invested 9.63% in Macquarie Infrastructure Corporation (NYSE:MIC). First Trust Advsr L P invested in 176,465 shares. Cadence Limited Liability Corp holds 0.08% or 19,581 shares in its portfolio. Metropolitan Life Insur New York invested in 2,309 shares. Comerica Financial Bank has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Meiji Yasuda Life Ins reported 0.06% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). State Of Wisconsin Investment Board has 0.02% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 97,179 shares. Bluemountain Cap Management Ltd Com stated it has 92,585 shares. Robeco Institutional Asset Mngmt Bv invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC).

Macquarie Infrastructure Management (Usa) Inc Reported increased Stake in Macquarie Infrastructure Corp

Macquarie Infrastructure Management (Usa) Inc filed with SEC a SC 13D/A form for Macquarie Infrastructure Corp. It can be found at: 000114420418030627. As reported by Macquarie Infrastructure Management (Usa) Inc, the filler increased its stake in the stock by 20.56 % for 7,188,337 shares. Macquarie Infrastructure Management (Usa) Inc currently owns 8.4% of the Transports- stock. Date of activity: May 23, 2018.

Reasons Why Macquarie Infrastructure Management (Usa) Inc Holds Macquarie Infrastructure Corp

Item 4. Purpose of Transaction

The response set forth in Item 4 of Schedule13D is hereby amended and supplemented by the addition of the following information:

MIMUSA entered into a Rule 10b5-1/Rule 10b-18Stock Purchase Plan (the “Plan”) with Macquarie Capital (USA) Inc. (the “Broker”), datedMay 9, 2018, under which the Broker was authorized to purchase, as sole agent for MIMUSA, shares of Common Stock of the Issuer.The Plan is expected to terminate on November 9, 2018 or on such earlier date pursuant to its terms.

A copy of the Plan is filed as Exhibit 1hereto and is incorporated by reference herein.

Macquarie Infrastructure Corp Institutional Sentiment

Filings show 311 investors own Macquarie Infrastructure Corp. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 248797. 63111123 were owned by these investors. 52 funds opened new Macquarie Infrastructure Corp stakes, 125 increased positions. There were 30 that closed positions and 91 reduced them.

10 investors had the stock in their top 10. Some are: Michael & Susan Dell Foundation, Tiger Legatus Capital Management Llc, Claar Advisors Llc, Moab Capital Partners Llc, Archer Capital Management L.P., Knott David M, Eventide Asset Management Llc, New Mountain Vantage Advisers L.L.C., Yost Capital Management L.L.C., First Washington Corp..

Regent Investment Management Llc is an investor bullish on Macquarie Infrastructure Corp, owning 8900 shares as of Q3 2017 for 0.22% of its portfolio. Laffer Investments owns 9691 shares or 0.18% of its portfolio. MA Boston Family Office Llc have 0.15% of its portfolio for 17781 shares. Further, Fenimore Asset Management Inc reported stake worth 0.62% of its portfolio. The NJ Advisors Capital Management Llc owns 256112 shares. Macquarie Infrastructure Corp is 1.50% of its portfolio.

SEC Form 13D.

Analysts await Macquarie Infrastructure Corporation (NYSE:MIC) to report earnings on August, 1. They expect $0.51 earnings per share, up 59.38 % or $0.19 from last year’s $0.32 per share. MIC’s profit will be $43.39M for 18.66 P/E if the $0.51 EPS becomes a reality. After $0.88 actual earnings per share reported by Macquarie Infrastructure Corporation for the previous quarter, Wall Street now forecasts -42.05 % negative EPS growth.

The stock increased 0.26% or $0.1 during the last trading session, reaching $38.06. About 1.62 million shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 24, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. The company has market cap of $3.24 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 6.96 P/E ratio. 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.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 5 analysts covering Macquarie Infrastructure Company (NYSE:MIC), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Macquarie Infrastructure Company has $80.0 highest and $4500 lowest target. $50’s average target is 31.37% above currents $38.06 stock price. Macquarie Infrastructure Company had 7 analyst reports since January 16, 2018 according to SRatingsIntel. SunTrust maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Sunday, April 22. SunTrust has “Hold” rating and $4500 target. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. The firm has “Buy” rating given on Friday, February 23 by RBC Capital Markets. The rating was downgraded by SunTrust to “Hold” on Thursday, February 22. As per Friday, February 23, the company rating was downgraded by Wells Fargo. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Neutral” rating given on Thursday, February 22 by JP Morgan.

More notable recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Digitaljournal.com which released: “MIC INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Macquarie …” on May 22, 2018, also Businesswire.com with their article: “All Six MIC Directors Reelected at Annual Meeting of Stockholders” published on May 16, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on April 26, 2018. More interesting news about Macquarie Infrastructure Corporation (NYSE:MIC) were released by: Streetinsider.com and their article: “Macquarie Infrastructure (MIC) Tops Q1 EPS by 38c, Beats on Revenues” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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