Macquarie Infrastructure Corp (MIC) : Moab Capital Partners reduced its stake in Macquarie Infrastructure Corp by 26.81% during the most recent quarter end. The investment management company now holds a total of 470,872 shares of Macquarie Infrastructure Corp which is valued at $36,902,239 after selling 172,523 shares in Macquarie Infrastructure Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Macquarie Infrastructure Corp makes up approximately 11.93% of Moab Capital Partners’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in MIC in the latest quarter, The investment management firm added 51,655 additional shares and now holds a total of 54,810 shares of Macquarie Infrastructure Corp which is valued at $4,295,460. Macquarie Infrastructure Corp makes up approx 0.02% of Envestnet Asset Management Inc’s portfolio. Checchi Capital Advisers sold out all of its stake in MIC during the most recent quarter. The investment firm sold 718 shares of MIC which is valued $55,911.Proficio Capital Partners boosted its stake in MIC in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 61 shares of Macquarie Infrastructure Corp which is valued at $5,054. Berson Corrado Investment Advisors added MIC to its portfolio by purchasing 53,151 company shares during the most recent quarter which is valued at $4,387,615. Macquarie Infrastructure Corp makes up approx 1.64% of Berson Corrado Investment Advisors’s portfolio.
Macquarie Infrastructure Corp closed down -0.26 points or -0.32% at $81.34 with 6,67,260 shares getting traded on Monday. Post opening the session at $81.46, the shares hit an intraday low of $80.79 and an intraday high of $81.6 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.
Many Wall Street Analysts have commented on Macquarie Infrastructure Corp. Macquarie Infrastructure Corp was Resumed by Wells Fargo to “Outperform” on Nov 18, 2016.
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 Companys 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.