OxFORD Asset Management LLP Has $14.68 Million Holdings in MasTec, Inc. (MTZ)
OxFORD Asset Management LLP grew its position in MasTec, Inc. (NYSE:MTZ) by 18.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,084 shares of the construction company’s stock after acquiring an additional 51,136 shares during the period. MasTec comprises approximately 0.4% of OxFORD Asset Management LLP’s investment portfolio, making the stock its 17th biggest position. OxFORD Asset Management LLP owned approximately 0.39% of MasTec worth $14,678,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of MasTec by 15,957.0% in the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock worth $207,953,000 after acquiring an additional 5,160,001 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of MasTec by 29.1% in the second quarter. BNP Paribas Arbitrage SA now owns 54,836 shares of the construction company’s stock worth $2,476,000 after acquiring an additional 12,345 shares during the period. Goldman Sachs Group Inc. raised its position in shares of MasTec by 39.4% in the first quarter. Goldman Sachs Group Inc. now owns 144,000 shares of the construction company’s stock worth $5,767,000 after acquiring an additional 40,682 shares during the period. Legal & General Group Plc raised its position in shares of MasTec by 2.2% in the first quarter. Legal & General Group Plc now owns 77,102 shares of the construction company’s stock worth $3,081,000 after acquiring an additional 1,644 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of MasTec by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 44,275 shares of the construction company’s stock worth $1,773,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 70.62% of the company’s stock.
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MTZ has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $55.50 price objective on shares of MasTec in a research report on Saturday, August 19th. Citigroup Inc. upgraded shares of MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Friday, August 18th. Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price objective on shares of MasTec in a research report on Tuesday, August 15th. BidaskClub downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. MasTec currently has a consensus rating of “Buy” and a consensus target price of $53.36.
MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.50 billion. MasTec had a net margin of 3.89% and a return on equity of 21.80%. The firm’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share.
In related news, Director C Robert Campbell sold 12,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $540,000.00. Following the sale, the director now owns 67,082 shares of the company’s stock, valued at $3,018,690. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.30% of the stock is currently owned by insiders.
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.
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