Yost Capital Management L.L.C. decreased its position in shares of Macquarie Infrastructure Company (NYSE:MIC) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,963 shares of the company’s stock after selling 20,389 shares during the period. Macquarie Infrastructure Company comprises about 8.0% of Yost Capital Management L.L.C.’s portfolio, making the stock its 9th largest position. Yost Capital Management L.L.C. owned about 0.19% of Macquarie Infrastructure Company worth $12,986,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Crow Point Partners LLC acquired a new stake in shares of Macquarie Infrastructure Company during the third quarter worth about $124,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Macquarie Infrastructure Company by 9.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,209 shares of the company’s stock worth $164,000 after buying an additional 194 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Macquarie Infrastructure Company during the third quarter worth about $204,000. National Planning Corp acquired a new stake in shares of Macquarie Infrastructure Company during the fourth quarter worth about $204,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Macquarie Infrastructure Company during the fourth quarter worth about $217,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Macquarie Infrastructure Company (NYSE:MIC) traded up 0.39% during midday trading on Thursday, hitting $79.05. 471,227 shares of the stock were exchanged. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 54.74 and a beta of 0.94. Macquarie Infrastructure Company has a 12 month low of $58.89 and a 12 month high of $85.45. The firm’s 50-day moving average is $80.33 and its 200-day moving average is $81.24.

This report was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this report can be accessed at http://www.watchlistnews.com/macquarie-infrastructure-company-mic-position-decreased-by-yost-capital-management-l-l-c/1121194.html.

MIC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Macquarie Infrastructure Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Wells Fargo & Company reissued an “outperform” rating on shares of Macquarie Infrastructure Company in a research report on Friday, November 18th. RBC Capital Markets boosted their price objective on shares of Macquarie Infrastructure Company from $91.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, November 2nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Macquarie Infrastructure Company from $91.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $94.75.

In other news, General Counsel Michael Kernan bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was bought at an average price of $74.15 per share, with a total value of $74,150.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares of the company’s stock, valued at approximately $74,150. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Hooke purchased 15,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was bought at an average cost of $74.15 per share, with a total value of $1,112,250.00. Following the acquisition, the chief executive officer now owns 56,576 shares of the company’s stock, valued at approximately $4,195,110.40. The disclosure for this purchase can be found here. Insiders have purchased 22,500 shares of company stock valued at $1,668,375 in the last three months. 7.50% of the stock is currently owned by corporate insiders.

Macquarie Infrastructure Company Company Profile

Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment.

5 Day Chart for NYSE:MIC

Want to see what other hedge funds are holding MIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macquarie Infrastructure Company (NYSE:MIC).

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