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.
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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.
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