As Macquarie Infrastructure Cor (MIC) Valuation Declined, Holder Brenner West Capital Advisors LLC Has Cut Position

July 18, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.17, from 1.32 in 2016Q3. It improved, as 29 investors sold MIC shares while 101 reduced holdings. 81 funds opened positions while 113 raised stakes. 66.63 million shares or 0.41% less from 66.90 million shares in 2016Q3 were reported. Centre Asset Mgmt Ltd invested 0.04% in Macquarie Infrastructure Corp (NYSE:MIC). Westpac Bk holds 6,723 shares. Chem Retail Bank invested in 0.03% or 3,000 shares. 2,534 were reported by North Star Inv. Nomura Asset Mngmt holds 0.01% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 8,490 shares. Beacon Trust reported 52,793 shares or 0.71% of all its holdings. Miller Howard New York has 0.23% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 148,496 shares. Creative Planning reported 0% in Macquarie Infrastructure Corp (NYSE:MIC). Blackrock Inc accumulated 0.01% or 85,611 shares. Utah Retirement holds 0.03% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 13,700 shares. Comerica Bank holds 3,322 shares or 0% of its portfolio. Ridgeworth Management Ltd Liability Co invested 0.27% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). Fred Alger Mngmt holds 0.01% or 18,292 shares in its portfolio. Mirae Asset Glob Invs owns 27,244 shares for 0.05% of their portfolio. Assetmark Inc stated it has 190 shares or 0% of all its holdings.

Joshua Kaufman decreased its stake in Macquarie Infrastructure Cor (MIC) by 2.24% based on its latest 2016Q4 regulatory filing with the SEC. Brenner West Capital Advisors Llc sold 43,246 shares as the company’s stock declined 1.43% while stock markets rallied. The hedge fund run by Joshua Kaufman held 1.88 million shares of the oil refining and marketing company at the end of 2016Q4, valued at $154.00 million, down from 1.93 million at the end of the previous reported quarter. Brenner West Capital Advisors Llc who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be less bullish one the $6.45 billion market cap company. The stock increased 0.37% or $0.29 on July 17, reaching $77.99. About shares traded. Macquarie Infrastructure Corp (NYSE:MIC) has risen 11.18% since July 18, 2016 and is uptrending. It has underperformed by 5.52% the S&P500.

More important recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Reuters.com which released: “BRIEF-Macquarie Infrastructure Corp increases 2017 growth capital deployment …” on June 27, 2017, also Seekingalpha.com published article titled: “Macquarie Infrastructure – An Infrastructure Company Essential To The DGI …”, Twst.com published: “Macquarie Infrastructure Corp.: MIC to Conduct Conference Call and Webcast …” on July 14, 2017. More interesting news about Macquarie Infrastructure Corp (NYSE:MIC) was released by: Nasdaq.com and their article: “Country Club Trust Company, na Buys iShares MSCI EAFE, Macquarie …” with publication date: July 10, 2017.

Macquarie Infrastructure Corp (NYSE:MIC) Ratings Coverage

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MacQuarie Infrastructure has $108 highest and $89 lowest target. $93.33’s average target is 19.67% above currents $77.99 stock price. MacQuarie Infrastructure had 11 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 23 by RBC Capital Markets. RBC Capital Markets maintained the shares of MIC in report on Wednesday, November 2 with “Outperform” rating. The firm has “Outperform” rating by Wells Fargo given on Friday, November 18. As per Tuesday, March 21, the company rating was initiated by Suntrust Robinson. The firm has “Overweight” rating given on Thursday, March 24 by JP Morgan. RBC Capital Markets maintained it with “Outperform” rating and $103 target in Wednesday, November 4 report. The rating was maintained by RBC Capital Markets on Wednesday, August 5 with “Outperform”. Barclays Capital maintained it with “Overweight” rating and $89 target in Thursday, February 23 report.

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