Pointe Capital Management Lowers stake in Macquarie Infrastructure Corp (MIC)

Macquarie Infrastructure Corp (MIC) : Pointe Capital Management reduced its stake in Macquarie Infrastructure Corp by 35.22% during the most recent quarter end. The investment management company now holds a total of 10,245 shares of Macquarie Infrastructure Corp which is valued at $778,927 after selling 5,569 shares in Macquarie Infrastructure Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Macquarie Infrastructure Corp makes up approximately 0.56% of Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Terra Nova Asset Management reduced its stake in MIC by selling 588 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 15,164 shares of MIC which is valued at $1,152,919. Macquarie Infrastructure Corp makes up approx 1.92% of Terra Nova Asset Management’s portfolio.Ibm Retirement Fund boosted its stake in MIC in the latest quarter, The investment management firm added 601 additional shares and now holds a total of 7,542 shares of Macquarie Infrastructure Corp which is valued at $583,072. Macquarie Infrastructure Corp makes up approx 0.02% of Ibm Retirement Fund’s portfolio. Verde Servicos Internacionais S.a. added MIC to its portfolio by purchasing 5,900 company shares during the most recent quarter which is valued at $454,772. Macquarie Infrastructure Corp makes up approx 0.04% of Verde Servicos Internacionais S.a.’s portfolio. Deroy Devereaux Private Investment Counsel Inc added MIC to its portfolio by purchasing 4,600 company shares during the most recent quarter which is valued at $349,922. Macquarie Infrastructure Corp makes up approx 0.05% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Macquarie Infrastructure Corp opened for trading at $76.11 and hit $76.82 on the upside on Friday, eventually ending the session at $76.65, with a gain of 0.68% or 0.52 points. The heightened volatility saw the trading volume jump to 3,60,519 shares. Company has a market cap of $6,158 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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