Out of 2 analysts covering MacQuarie Infrastructure (NYSE:MIC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $103 is the highest target while $90 is the lowest. The $96.50 average target is 14.70% above today’s ($84.13) stock price. MacQuarie Infrastructure has been the topic of 2 analyst reports since November 4, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock on March 24 with “Overweight” rating. Below is a list of Macquarie Infrastructure Corp (NYSE:MIC) latest ratings and price target changes.
The stock increased 1.13% or $0.94 during the last trading session, hitting $84.13. Macquarie Infrastructure Corp (NYSE:MIC) has risen 39.15% since February 25, 2016 and is uptrending. It has outperformed by 27.89% the S&P500.
Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The company has a market cap of $6.86 billion. The Company’s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. It has a 79.68 P/E ratio.
Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.32, from 1.06 in 2016Q1. The ratio increased, as 34 funds sold all Macquarie Infrastructure Corp shares owned while 82 reduced positions. 37 funds bought stakes while 123 increased positions. They now own 63.66 million shares or 6.29% less from 67.93 million shares in 2016Q1.
Selz Capital Llc holds 21.3% of its portfolio in Macquarie Infrastructure Corp for 1.01 million shares. Tiger Legatus Capital Management Llc owns 700,000 shares or 15.69% of their US portfolio. Moreover, Moab Capital Partners Llc has 15.14% invested in the company for 643,395 shares. The New York-based Claar Advisors Llc has invested 14.16% in the stock. Msd Partners L.P., a New York-based fund reported 2.91 million shares.
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