Macquarie Infrastructure Co Trust (NYSE:MIC) Institutional Investors Sentiment Drops in Q2 2018

October 2, 2018 - By Linda Rogers

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Sentiment for Macquarie Infrastructure Co Trust (NYSE:MIC)

Macquarie Infrastructure Co Trust (NYSE:MIC) institutional sentiment decreased to 0.78 in Q2 2018. Its down -0.19, from 0.97 in 2018Q1. The ratio is negative, as 122 funds increased and opened new equity positions, while 157 sold and reduced stakes in Macquarie Infrastructure Co Trust. The funds in our partner’s database now hold: 60.21 million shares, down from 62.79 million shares in 2018Q1. Also, the number of funds holding Macquarie Infrastructure Co Trust in their top 10 equity positions decreased from 7 to 5 for a decrease of 2. Sold All: 56 Reduced: 101 Increased: 79 New Position: 43.

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 $3.89 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 8.21 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.

The stock decreased 1.13% or $0.52 during the last trading session, reaching $45.61. About 727,922 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 36.27% since October 2, 2017 and is downtrending. It has underperformed by 51.89% the S&P500.

Analysts await Macquarie Infrastructure Corporation (NYSE:MIC) to report earnings on November, 7. They expect $0.56 earnings per share, up 16.67 % or $0.08 from last year’s $0.48 per share. MIC’s profit will be $47.81 million for 20.36 P/E if the $0.56 EPS becomes a reality. After $0.45 actual earnings per share reported by Macquarie Infrastructure Corporation for the previous quarter, Wall Street now forecasts 24.44 % EPS growth.

Tricadia Capital Management Llc holds 16.64% of its portfolio in Macquarie Infrastructure Corporation for 790,184 shares. Selz Capital Llc owns 1.04 million shares or 6.89% of their US portfolio. Moreover, Claar Advisors Llc has 6.23% invested in the company for 333,333 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 4.41% in the stock. Knott David M, a New York-based fund reported 182,300 shares.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Ratings analysis reveals 0 of Macquarie Infrastructure Company’s analysts are positive. Out of 3 Wall Street analysts rating Macquarie Infrastructure Company, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $43 while the high is $48. The stock’s average target of $45.33 is -0.61% below today’s ($45.61) share price. MIC was included in 3 notes of analysts from April 22, 2018. Barclays Capital maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Wednesday, July 11 with “Equal-Weight” rating. The company was maintained on Sunday, April 22 by SunTrust. The firm earned “Neutral” rating on Friday, July 27 by JP Morgan.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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