Moab Capital Partners buys $51,095,811 stake in Macquarie Infrastructure Corp (MIC)

Macquarie Infrastructure Corp (MIC) : Moab Capital Partners scooped up 68,847 additional shares in Macquarie Infrastructure Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 635,441 shares of Macquarie Infrastructure Corp which is valued at $51,095,811.Macquarie Infrastructure Corp makes up approximately 17.75% of Moab Capital Partners’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in MIC during the most recent quarter. The investment firm sold 14,786 shares of MIC which is valued $1,188,942. Kavi Asset Management Lp sold out all of its stake in MIC during the most recent quarter. The investment firm sold 38,700 shares of MIC which is valued $3,111,867.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in MIC by selling 3,344 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 215,027 shares of MIC which is valued at $17,290,321. Macquarie Infrastructure Corp makes up approx 0.33% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Gabelli Funds boosted its stake in MIC in the latest quarter, The investment management firm added 27,800 additional shares and now holds a total of 700,400 shares of Macquarie Infrastructure Corp which is valued at $56,417,220. Macquarie Infrastructure Corp makes up approx 0.33% of Gabelli Funds’s portfolio.California State Teachers Retirement System boosted its stake in MIC in the latest quarter, The investment management firm added 11,401 additional shares and now holds a total of 162,464 shares of Macquarie Infrastructure Corp which is valued at $12,898,017. Macquarie Infrastructure Corp makes up approx 0.03% of California State Teachers Retirement System’s portfolio.

Macquarie Infrastructure Corp opened for trading at $80.24 and hit $80.99 on the upside on Thursday, eventually ending the session at $80.99, with a gain of 1.31% or 1.05 points. The heightened volatility saw the trading volume jump to 3,78,517 shares. Company has a market cap of $6,603 M.

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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