Cubist Systematic Strategies LLC Grows Holdings in Macquarie Infrastructure Corp (MIC)
Cubist Systematic Strategies LLC raised its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 1,018.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,178 shares of the conglomerate’s stock after purchasing an additional 51,157 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.07% of Macquarie Infrastructure worth $4,055,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in MIC. Verition Fund Management LLC acquired a new position in Macquarie Infrastructure in the second quarter worth about $404,000. Principal Financial Group Inc. grew its stake in Macquarie Infrastructure by 0.6% in the second quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock worth $193,540,000 after purchasing an additional 14,255 shares in the last quarter. Swiss National Bank grew its stake in Macquarie Infrastructure by 3.2% in the second quarter. Swiss National Bank now owns 284,300 shares of the conglomerate’s stock worth $22,289,000 after purchasing an additional 8,800 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Macquarie Infrastructure by 25.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,446 shares of the conglomerate’s stock worth $2,073,000 after purchasing an additional 5,332 shares in the last quarter. Finally, Overbrook Management Corp grew its stake in Macquarie Infrastructure by 3.6% in the second quarter. Overbrook Management Corp now owns 598,148 shares of the conglomerate’s stock worth $46,895,000 after purchasing an additional 20,688 shares in the last quarter. 76.41% of the stock is currently owned by institutional investors.
In related news, Director Norman H. Brown, Jr. sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total transaction of $114,086.84. Following the sale, the director now owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total value of $142,116.57. Following the sale, the director now directly owns 46,925 shares in the company, valued at approximately $3,100,334.75. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
Shares of Macquarie Infrastructure Corp (NYSE MIC) traded down $0.51 during mid-day trading on Wednesday, reaching $65.10. The company’s stock had a trading volume of 729,600 shares, compared to its average volume of 601,551. The firm has a market capitalization of $5,548.25, a P/E ratio of 30.80 and a beta of 0.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07. Macquarie Infrastructure Corp has a 12 month low of $63.08 and a 12 month high of $83.66.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend was Friday, November 10th. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.38. Macquarie Infrastructure’s payout ratio is 266.67%.
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Macquarie Infrastructure 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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