BidaskClub lowered shares of Macquarie Infrastructure Company (NYSE:MIC) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a sell rating to a hold rating in a research report on Tuesday, May 23rd. Barclays PLC lowered shares of Macquarie Infrastructure from an overweight rating to a hold rating and cut their price objective for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $88.75.

Shares of Macquarie Infrastructure (MIC) traded up 0.77% during trading on Friday, hitting $76.39. 54,008 shares of the stock traded hands. The company has a market cap of $6.30 billion, a P/E ratio of 38.12 and a beta of 0.93. The stock has a 50-day moving average of $77.17 and a 200 day moving average of $78.54. Macquarie Infrastructure has a 1-year low of $73.24 and a 1-year high of $85.45.

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A number of large investors have recently made changes to their positions in MIC. Commonwealth Financial Services LLC bought a new stake in shares of Macquarie Infrastructure during the first quarter valued at about $119,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Macquarie Infrastructure during the first quarter valued at about $121,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Macquarie Infrastructure by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,078 shares of the conglomerate’s stock valued at $157,000 after buying an additional 73 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Macquarie Infrastructure by 244.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,997 shares of the conglomerate’s stock valued at $161,000 after buying an additional 1,418 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Macquarie Infrastructure by 412.5% in the first quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock valued at $165,000 after buying an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

Macquarie Infrastructure Company Profile

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

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