MasTec, Inc. (MTZ) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC increased its stake in shares of MasTec, Inc. (NYSE:MTZ) by 34.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 164,199 shares of the construction company’s stock after buying an additional 42,298 shares during the quarter. ClariVest Asset Management LLC’s holdings in MasTec were worth $6,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MasTec by 12.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,402 shares of the construction company’s stock valued at $179,000 after buying an additional 504 shares during the last quarter. Bank of Montreal Can boosted its holdings in MasTec by 8.3% in the fourth quarter. Bank of Montreal Can now owns 7,234 shares of the construction company’s stock valued at $294,000 after purchasing an additional 552 shares during the last quarter. IFP Advisors Inc boosted its holdings in MasTec by 138.9% in the fourth quarter. IFP Advisors Inc now owns 989 shares of the construction company’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter. Strs Ohio boosted its holdings in MasTec by 19.4% in the fourth quarter. Strs Ohio now owns 4,300 shares of the construction company’s stock valued at $174,000 after purchasing an additional 700 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in MasTec by 0.4% in the third quarter. Teachers Advisors LLC now owns 197,983 shares of the construction company’s stock valued at $8,840,000 after purchasing an additional 732 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MTZ opened at $41.58 on Tuesday. MasTec, Inc. has a one year low of $37.24 and a one year high of $54.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.85 and a current ratio of 1.94. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.49.



Several research firms have commented on MTZ. Zacks Investment Research lowered shares of MasTec from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Robert W. Baird lowered shares of MasTec from an “outperform” rating to a “neutral” rating and set a $50.67 price target on the stock. in a report on Friday, November 9th. ValuEngine lowered shares of MasTec from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. DA Davidson lowered their price target on shares of MasTec to $57.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Finally, Citigroup set a $70.00 price target on shares of MasTec and gave the company a “buy” rating in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. MasTec presently has an average rating of “Buy” and a consensus target price of $59.56.

COPYRIGHT VIOLATION WARNING: “MasTec, Inc. (MTZ) Shares Bought by ClariVest Asset Management LLC” was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://dakotafinancialnews.com/2019/02/12/mastec-inc-mtz-shares-bought-by-clarivest-asset-management-llc.html.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

See Also: Channel Trading

Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc. (NYSE:MTZ).

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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

Leave a Reply