Selkirk Management LLC cut its position in shares of Macquarie Infrastructure Company (NYSE:MIC) by 6.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 150,000 shares of the conglomerate’s stock after selling 11,000 shares during the period. Macquarie Infrastructure Company makes up about 6.4% of Selkirk Management LLC’s holdings, making the stock its 4th largest position. Selkirk Management LLC owned about 0.18% of Macquarie Infrastructure Company worth $12,087,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Macquarie Infrastructure Company by 0.3% in the fourth quarter. Private Advisor Group LLC now owns 2,721 shares of the conglomerate’s stock worth $223,000 after buying an additional 8 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Macquarie Infrastructure Company by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,622 shares of the conglomerate’s stock worth $937,000 after buying an additional 31 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Macquarie Infrastructure Company by 0.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,107 shares of the conglomerate’s stock worth $573,000 after buying an additional 41 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Macquarie Infrastructure Company by 1.9% in the first quarter. San Francisco Sentry Investment Group CA now owns 2,685 shares of the conglomerate’s stock worth $216,000 after buying an additional 50 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Macquarie Infrastructure Company by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,078 shares of the conglomerate’s stock worth $157,000 after buying an additional 73 shares during the last quarter. 86.52% of the stock is currently owned by hedge funds and other institutional investors.

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

Macquarie Infrastructure Company (MIC) traded up 1.28% during midday trading on Thursday, hitting $77.35. 176,730 shares of the company’s stock traded hands. The company has a 50 day moving average of $78.40 and a 200-day moving average of $79.55. Macquarie Infrastructure Company has a 52 week low of $68.53 and a 52 week high of $85.45. The company has a market capitalization of $6.38 billion, a PE ratio of 38.60 and a beta of 0.90.

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Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Macquarie Infrastructure Company from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada decreased their price target on shares of Macquarie Infrastructure Company from $98.00 to $93.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Barclays PLC raised their price target on shares of Macquarie Infrastructure Company from $81.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. Finally, SunTrust Banks, Inc. assumed coverage on shares of Macquarie Infrastructure Company in a research note on Tuesday, March 21st. They set a “buy” rating and a $92.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Macquarie Infrastructure Company currently has a consensus rating of “Buy” and an average price target of $91.75.

About Macquarie Infrastructure Company

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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