Can analysts adopt a bullish outlook for Macquarie Infrastructure Corporation (NYSE:MIC)?

November 10, 2018 - By Peter Kolinski

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 0.78 in 2018 Q2. Its down 0.19, from 0.97 in 2018Q1. It fall, as 56 investors sold Macquarie Infrastructure Corporation shares while 101 reduced holdings. 43 funds opened positions while 79 raised stakes. 60.21 million shares or 4.10% less from 62.79 million shares in 2018Q1 were reported.
Schwab Charles Invest Inc reported 468,166 shares stake. Bnp Paribas Arbitrage invested in 109,208 shares. Susquehanna Group Llp has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). National Bank Of New York Mellon Corp invested in 0.01% or 923,992 shares. Nuveen Asset Mngmt Ltd Liability Com has 0.17% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Waterfront Cap Ptnrs Lc stated it has 2.35% in Macquarie Infrastructure Corporation (NYSE:MIC). Cutler Capital Ltd Limited Liability Company holds 0.77% or 43,100 shares in its portfolio. Numerixs reported 2,900 shares or 0.03% of all its holdings. Jpmorgan Chase And invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Rhumbline Advisers has 70,766 shares for 0.01% of their portfolio. Prescott Grp Inc Mgmt Ltd Liability Com holds 200,000 shares. Art Advsr Limited Com reported 0.2% in Macquarie Infrastructure Corporation (NYSE:MIC). Moreover, Peak6 Invests Limited Partnership has 0.03% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 150,085 shares. Natl Insurance Tx invested in 25,375 shares. Claar Llc owns 333,333 shares.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 2 analysts covering Macquarie Infrastructure (NYSE:MIC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Macquarie Infrastructure had 2 analyst reports since July 11, 2018 according to SRatingsIntel. The company was maintained on Friday, July 27 by JP Morgan. As per Wednesday, July 11, the company rating was maintained by Barclays Capital. Below is a list of Macquarie Infrastructure Corporation (NYSE:MIC) latest ratings and price target changes.

27/07/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $47 New Target: $48 Maintain
11/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $41 New Target: $43 Maintain

The stock decreased 1.21% or $0.47 during the last trading session, reaching $38.39. About 776,502 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 36.27% since November 10, 2017 and is downtrending. It has underperformed by 51.89% the S&P500.

Macquarie Infrastructure Corporation, through its subsidiaries, owns and operates a portfolio of businesses that provide services to businesses, government agencies, and individuals. The company has market cap of $3.29 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 6.91 P/E ratio. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada.

More news for Macquarie Infrastructure Corporation (NYSE:MIC) were recently published by: Digitaljournal.com, which released: “NYSE: MIC Long-Term Shareholder Notice: Investigation of Potential Wrongdoing at Macquarie Infrastructure …” on October 22, 2018. Seekingalpha.com‘s article titled: “Macquarie Infrastructure Corp. (MIC) CEO Christopher Frost on Q3 2018 Results – Earnings Call Transcript” and published on November 01, 2018 is yet another important article.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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