Pension Partners LLC Invests $443,000 in Macquarie Infrastructure Corp (NYSE:MIC)

Pension Partners LLC bought a new position in Macquarie Infrastructure Corp (NYSE:MIC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,925 shares of the conglomerate’s stock, valued at approximately $443,000. Macquarie Infrastructure comprises about 0.5% of Pension Partners LLC’s portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patten Group Inc. boosted its position in shares of Macquarie Infrastructure by 1.6% during the first quarter. Patten Group Inc. now owns 20,419 shares of the conglomerate’s stock valued at $842,000 after buying an additional 325 shares during the last quarter. Ridgewood Investments LLC boosted its position in shares of Macquarie Infrastructure by 3.5% during the second quarter. Ridgewood Investments LLC now owns 9,843 shares of the conglomerate’s stock valued at $399,000 after buying an additional 333 shares during the last quarter. Boston Family Office LLC boosted its position in shares of Macquarie Infrastructure by 3.1% during the second quarter. Boston Family Office LLC now owns 11,520 shares of the conglomerate’s stock valued at $467,000 after buying an additional 344 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Macquarie Infrastructure by 0.3% during the first quarter. California State Teachers Retirement System now owns 128,766 shares of the conglomerate’s stock valued at $5,308,000 after buying an additional 359 shares during the last quarter. Finally, Columbia Asset Management boosted its position in shares of Macquarie Infrastructure by 9.0% during the first quarter. Columbia Asset Management now owns 5,655 shares of the conglomerate’s stock valued at $233,000 after buying an additional 465 shares during the last quarter. 57.69% of the stock is currently owned by hedge funds and other institutional investors.

MIC stock traded down $0.33 during trading on Tuesday, reaching $38.97. The stock had a trading volume of 8,187 shares, compared to its average volume of 508,409. Macquarie Infrastructure Corp has a 52 week low of $33.71 and a 52 week high of $46.76. The stock’s 50 day moving average is $38.34 and its two-hundred day moving average is $40.29. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.98. The firm has a market cap of $3.40 billion, a PE ratio of 18.44 and a beta of 1.41.



Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Wednesday, July 31st. The conglomerate reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.25. Macquarie Infrastructure had a return on equity of 10.42% and a net margin of 5.66%. The company had revenue of $416.00 million for the quarter, compared to the consensus estimate of $412.30 million. On average, research analysts anticipate that Macquarie Infrastructure Corp will post 4.82 EPS for the current year.

MIC has been the topic of several recent analyst reports. Zacks Investment Research cut Macquarie Infrastructure from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, May 29th. Royal Bank of Canada raised Macquarie Infrastructure from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $51.00 in a research report on Tuesday, July 9th. Finally, ValuEngine downgraded Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.25.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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