Rockefeller Capital Management L.P. Has $574,000 Stock Position in Macquarie Infrastructure Co. (NYSE:MIC)

Rockefeller Capital Management L.P. lowered its stake in Macquarie Infrastructure Co. (NYSE:MIC) by 77.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the conglomerate’s stock after selling 52,000 shares during the period. Rockefeller Capital Management L.P.’s holdings in Macquarie Infrastructure were worth $574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank grew its position in shares of Macquarie Infrastructure by 1.2% during the 1st quarter. Swiss National Bank now owns 169,300 shares of the conglomerate’s stock worth $5,385,000 after purchasing an additional 2,000 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Macquarie Infrastructure by 38.2% during the 1st quarter. HighTower Advisors LLC now owns 9,639 shares of the conglomerate’s stock worth $307,000 after purchasing an additional 2,662 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Macquarie Infrastructure by 7.6% during the 1st quarter. Teacher Retirement System of Texas now owns 51,096 shares of the conglomerate’s stock worth $1,625,000 after purchasing an additional 3,595 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Macquarie Infrastructure by 181.2% during the 1st quarter. Acadian Asset Management LLC now owns 16,772 shares of the conglomerate’s stock worth $533,000 after purchasing an additional 10,808 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Macquarie Infrastructure by 2.1% during the 1st quarter. UBS Group AG now owns 1,367,487 shares of the conglomerate’s stock worth $43,500,000 after purchasing an additional 27,997 shares in the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.

Separately, Barclays increased their target price on shares of Macquarie Infrastructure from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 16th.

Shares of NYSE:MIC opened at $40.27 on Friday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -3.85 and a beta of 1.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.08 and a quick ratio of 2.94. The firm has a 50 day simple moving average of $39.54 and a 200 day simple moving average of $36.48. Macquarie Infrastructure Co. has a one year low of $24.47 and a one year high of $41.00.

Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings results on Monday, August 2nd. The conglomerate reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The business had revenue of $288.78 million for the quarter, compared to the consensus estimate of $231.60 million. Macquarie Infrastructure had a negative net margin of 93.38% and a positive return on equity of 18.89%. As a group, analysts expect that Macquarie Infrastructure Co. will post 2.12 EPS for the current year.

About Macquarie Infrastructure

Macquarie Infrastructure Corp. owns and operates a diversified group of businesses providing basic services to customers in the U. S. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, MIC Hawaii, and Corporate and Other. The IMTT segment provides bulk liquid storage and handling services to third parties in the U.S.

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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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