Caxton Associates LP acquired a new position in MasTec, Inc. (NYSE:MTZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 140,000 shares of the construction company’s stock, valued at approximately $6,496,000. Caxton Associates LP owned approximately 0.17% of MasTec as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MTZ. Bank of Montreal Can raised its position in MasTec by 881.4% during the second quarter. Bank of Montreal Can now owns 34,968 shares of the construction company’s stock valued at $1,578,000 after purchasing an additional 31,405 shares in the last quarter. Creative Planning raised its position in MasTec by 16.4% during the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after purchasing an additional 379 shares in the last quarter. Aperio Group LLC raised its position in MasTec by 2.9% during the second quarter. Aperio Group LLC now owns 17,394 shares of the construction company’s stock valued at $785,000 after purchasing an additional 483 shares in the last quarter. Strs Ohio raised its position in MasTec by 29.4% during the second quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock valued at $297,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Sei Investments Co. raised its position in MasTec by 16.9% during the second quarter. Sei Investments Co. now owns 132,678 shares of the construction company’s stock valued at $5,991,000 after purchasing an additional 19,190 shares in the last quarter. Institutional investors own 73.23% of the company’s stock.

MasTec, Inc. (NYSE:MTZ) traded up $1.45 during midday trading on Friday, hitting $47.45. The company had a trading volume of 1,256,724 shares, compared to its average volume of 1,018,722. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3,804.92, a PE ratio of 15.27, a PEG ratio of 1.24 and a beta of 1.53. MasTec, Inc. has a 12 month low of $34.33 and a 12 month high of $49.50.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.66 billion. MasTec had a return on equity of 20.67% and a net margin of 3.78%. MasTec’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. equities analysts anticipate that MasTec, Inc. will post 2.65 EPS for the current year.

A number of equities research analysts have weighed in on MTZ shares. BidaskClub downgraded MasTec from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Canaccord Genuity restated a “buy” rating and set a $55.00 price target on shares of MasTec in a research report on Tuesday, August 15th. Citigroup upgraded MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday, August 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $55.50 price objective on shares of MasTec in a report on Saturday, August 19th. Finally, ValuEngine downgraded MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.14.

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MasTec Company Profile

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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