Gratus Capital adds Macquarie Infrastructure Corp (MIC) to its portfolio

Macquarie Infrastructure Corp (MIC) : Gratus Capital added new position in Macquarie Infrastructure Corp during the most recent quarter end. The investment management firm now holds 91,284 shares of Macquarie Infrastructure Corp which is valued at $7,247,037 , the company said in a statement filed on Aug 3, 2016 with the SEC.Macquarie Infrastructure Corp makes up approximately 1.06% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Cadence Capital Management boosted its stake in MIC in the latest quarter, The investment management firm added 9,074 additional shares and now holds a total of 29,465 shares of Macquarie Infrastructure Corp which is valued at $2,339,226. Macquarie Infrastructure Corp makes up approx 0.17% of Cadence Capital Management’s portfolio. Quantbot Technologies Lp added MIC to its portfolio by purchasing 5,996 company shares during the most recent quarter which is valued at $476,022. Macquarie Infrastructure Corp makes up approx 0.05% of Quantbot Technologies Lp’s portfolio.Essex Financial Services reduced its stake in MIC by selling 3,700 shares or 56.81% in the most recent quarter. The Hedge Fund company now holds 2,813 shares of MIC which is valued at $215,616. Macquarie Infrastructure Corp makes up approx 0.05% of Essex Financial Services’s portfolio.Alps Advisors Inc boosted its stake in MIC in the latest quarter, The investment management firm added 50,742 additional shares and now holds a total of 180,477 shares of Macquarie Infrastructure Corp which is valued at $13,721,666. Macquarie Infrastructure Corp makes up approx 0.12% of Alps Advisors Inc’s portfolio.

Macquarie Infrastructure Corp closed down -0.47 points or -0.58% at $80.08 with 5,56,691 shares getting traded on Monday. Post opening the session at $80.82, the shares hit an intraday low of $79.65 and an intraday high of $81.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Macquarie Infrastructure Corp reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.36. The company had revenue of $415.71 million for the quarter, compared to analysts expectations of $428.12 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.87 EPS.

Macquarie Infrastructure Company LLC owns operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Company’s operational segments include International-Matex Tank Terminals (IMTT) engaged in bulk liquid terminals business which provides bulk liquid storage handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation which includes a network of aviation fixed-base operations (FBOs) that provide fuel terminal aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E) which is engaged in selling energy generated by their facilities to creditworthy off-takers and Hawaii Gas a gas energy company processing and distributing gas and providing related services in Hawaii.

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