Sentiment Change Report: Mastec Inc (NYSE:MTZ)

July 18, 2017 - By Henry Gaston

 Sentiment Change Report: Mastec Inc (NYSE:MTZ)

Sentiment for Mastec Inc (NYSE:MTZ)

Mastec Inc (NYSE:MTZ) institutional sentiment increased to 1.12 in 2016 Q4. Its up 0.02, from 1.1 in 2016Q3. The ratio is more positive, as 118 funds increased or started new positions, while 105 reduced and sold positions in Mastec Inc. The funds in our partner’s database now own: 56.54 million shares, up from 55.98 million shares in 2016Q3. Also, the number of funds holding Mastec Inc in their top 10 positions decreased from 10 to 8 for a decrease of 2. Sold All: 20 Reduced: 85 Increased: 56 New Position: 62.

MasTec, Inc. is an infrastructure construction company. The company has market cap of $3.85 billion. The Firm operates primarily across North America through a range of industries. It has a 21.53 P/E ratio. The Firm operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

The stock increased 0.87% or $0.4 on July 17, reaching $46.15. About shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since July 18, 2016 and is uptrending. It has outperformed by 76.72% the S&P500.

Peconic Partners Llc holds 24.21% of its portfolio in MasTec, Inc. for 4.79 million shares. Corbyn Investment Management Inc Md owns 498,282 shares or 5.67% of their US portfolio. Moreover, Irving Magee Investment Management has 4.36% invested in the company for 293,735 shares. The Oregon-based Hood River Capital Management Llc has invested 3.84% in the stock. Daruma Capital Management Llc, a New York-based fund reported 1.44 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $108,939 activity.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Ratings analysis reveals 73% of MasTec’s analysts are positive. Out of 11 Wall Street analysts rating MasTec, 8 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16 while the high is $57. The stock’s average target of $36 is -21.99% below today’s ($46.15) share price. MTZ was included in 18 notes of analysts from August 3, 2015. The company was initiated on Tuesday, August 25 by Robert W. Baird. The stock of MasTec, Inc. (NYSE:MTZ) has “Buy” rating given on Thursday, April 13 by DA Davidson. As per Monday, April 3, the company rating was initiated by Credit Suisse. The firm has “Outperform” rating given on Monday, August 3 by FBR Capital. The rating was maintained by FBR Capital with “Outperform” on Monday, May 8. Stephens maintained it with “Buy” rating and $24 target in Monday, September 21 report. The stock of MasTec, Inc. (NYSE:MTZ) has “Hold” rating given on Tuesday, August 4 by Zacks. The stock of MasTec, Inc. (NYSE:MTZ) earned “Buy” rating by Craig Hallum on Thursday, November 12. The rating was downgraded by Avondale to “Market Perform” on Friday, November 18. Citigroup initiated MasTec, Inc. (NYSE:MTZ) on Friday, November 13 with “Neutral” rating.

Another recent and important MasTec, Inc. (NYSE:MTZ) news was published by Marketwatch.com which published an article titled: “MasTec chairman reportedly buying Miami Marlins for $1.17 billion” on July 10, 2017.

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