Sound Point Capital Management LP raised its position in Macquarie Infrastructure Company (NYSE:MIC) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 322,616 shares of the conglomerate’s stock after buying an additional 21,080 shares during the period. Macquarie Infrastructure comprises approximately 5.2% of Sound Point Capital Management LP’s holdings, making the stock its largest holding. Sound Point Capital Management LP owned about 0.39% of Macquarie Infrastructure worth $25,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MIC. Vanguard Group Inc. boosted its position in Macquarie Infrastructure by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 6,313,859 shares of the conglomerate’s stock valued at $508,770,000 after buying an additional 545,647 shares during the last quarter. Macquarie Group Ltd. boosted its position in Macquarie Infrastructure by 7.9% in the 1st quarter. Macquarie Group Ltd. now owns 4,891,320 shares of the conglomerate’s stock valued at $394,143,000 after buying an additional 356,949 shares during the last quarter. Janus Henderson Group PLC boosted its position in Macquarie Infrastructure by 4,796.4% in the 2nd quarter. Janus Henderson Group PLC now owns 339,470 shares of the conglomerate’s stock valued at $26,614,000 after buying an additional 332,537 shares during the last quarter. Janus Capital Management LLC boosted its position in Macquarie Infrastructure by 685.6% in the 1st quarter. Janus Capital Management LLC now owns 369,225 shares of the conglomerate’s stock valued at $29,752,000 after buying an additional 322,225 shares during the last quarter. Finally, State Street Corp boosted its position in Macquarie Infrastructure by 18.2% in the 1st quarter. State Street Corp now owns 1,749,011 shares of the conglomerate’s stock valued at $140,932,000 after buying an additional 269,761 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

A number of brokerages have commented on MIC. BidaskClub upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC lowered Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price objective for the company from $89.00 to $83.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $88.00.

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Macquarie Infrastructure Company (NYSE MIC) traded up 0.41% on Thursday, hitting $72.89. The stock had a trading volume of 265,773 shares. Macquarie Infrastructure Company has a 12-month low of $71.23 and a 12-month high of $85.45. The company has a 50 day moving average of $73.08 and a 200 day moving average of $76.89. The company has a market capitalization of $6.03 billion, a PE ratio of 35.04 and a beta of 0.88.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.26). The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. On average, equities analysts expect that Macquarie Infrastructure Company will post $1.89 earnings per share for the current year.

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

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