New York State Common Retirement Fund lessened its position in Macquarie Infrastructure Company (NYSE:MIC) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,000 shares of the conglomerate’s stock after selling 13,469 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Macquarie Infrastructure worth $14,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MIC. Principal Financial Group Inc. grew its position in Macquarie Infrastructure by 0.6% in the 2nd 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 during the last quarter. Swiss National Bank grew its position in Macquarie Infrastructure by 3.2% in the 2nd 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 during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Macquarie Infrastructure by 25.3% in the 2nd 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 during the last quarter. Overbrook Management Corp grew its position in Macquarie Infrastructure by 3.6% in the 2nd 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 during the last quarter. Finally, WESPAC Advisors LLC grew its position in Macquarie Infrastructure by 65.5% in the 2nd quarter. WESPAC Advisors LLC now owns 13,778 shares of the conglomerate’s stock worth $1,080,000 after purchasing an additional 5,451 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

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Shares of Macquarie Infrastructure Company (NYSE:MIC) opened at 72.59 on Thursday. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 34.90 and a beta of 0.88. The firm has a 50-day moving average of $73.08 and a 200 day moving average of $76.89. Macquarie Infrastructure Company has a 52-week low of $71.23 and a 52-week high of $85.45.

Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.26). The company had revenue of $438.99 million during the quarter, compared to the consensus estimate of $416.50 million. Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. Analysts predict that Macquarie Infrastructure Company will post $1.89 EPS for the current year.

Several research firms have issued reports on MIC. BidaskClub lowered shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC lowered shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price target for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.00.

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.

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

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