Macquarie Infrastructure Corp (MIC) : Overbrook Management Corp reduced its stake in Macquarie Infrastructure Corp by 5.07% during the most recent quarter end. The investment management company now holds a total of 632,304 shares of Macquarie Infrastructure Corp which is valued at $50,843,565 after selling 33,743 shares in Macquarie Infrastructure Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Macquarie Infrastructure Corp makes up approximately 10.05% of Overbrook Management Corp’s portfolio.
Other Hedge Funds, Including , Advisors Capital Management boosted its stake in MIC in the latest quarter, The investment management firm added 3,444 additional shares and now holds a total of 240,562 shares of Macquarie Infrastructure Corp which is valued at $19,343,590. Macquarie Infrastructure Corp makes up approx 1.89% of Advisors Capital Management’s portfolio.Blackrock Fund Advisors boosted its stake in MIC in the latest quarter, The investment management firm added 95,210 additional shares and now holds a total of 949,402 shares of Macquarie Infrastructure Corp which is valued at $76,341,415. Macquarie Infrastructure Corp makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Advisors Asset Management boosted its stake in MIC in the latest quarter, The investment management firm added 67,022 additional shares and now holds a total of 243,291 shares of Macquarie Infrastructure Corp which is valued at $19,492,475. Macquarie Infrastructure Corp makes up approx 0.31% of Advisors Asset Management’s portfolio. Airain Ltd sold out all of its stake in MIC during the most recent quarter. The investment firm sold 14,344 shares of MIC which is valued $1,155,409.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.
Macquarie Infrastructure Corp opened for trading at $80.32 and hit $80.63 on the upside on Tuesday, eventually ending the session at $80.58, with a gain of 0.75% or 0.6 points. The heightened volatility saw the trading volume jump to 3,02,798 shares. Company has a market cap of $6,569 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 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.