Macquarie Infrastructure Corp (MIC) : Tiger Veda Management has sold out all of its stake in Macquarie Infrastructure Corp during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 104,200 shares of Macquarie Infrastructure Corp which is valued at $7,335,680.
Macquarie Infrastructure Corp opened for trading at $70.24 and hit $71.45 on the upside on Friday, eventually ending the session at $70.4, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 4,61,044 shares. Company has a market cap of $5,638 M.
Other Hedge Funds, Including , Fenimore Asset Management Inc boosted its stake in MIC in the latest quarter, The investment management firm added 14,720 additional shares and now holds a total of 175,986 shares of Macquarie Infrastructure Corp which is valued at $11,745,306. Macquarie Infrastructure Corp makes up approx 0.60% of Fenimore Asset Management Inc’s portfolio.Creative Planning boosted its stake in MIC in the latest quarter, The investment management firm added 1,241 additional shares and now holds a total of 7,640 shares of Macquarie Infrastructure Corp which is valued at $509,894. Proficio Capital Partners added MIC to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $1,935.Eqis Capital Management boosted its stake in MIC in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 5,982 shares of Macquarie Infrastructure Corp which is valued at $399,239. Macquarie Infrastructure Corp makes up approx 0.03% of Eqis Capital Management’s portfolio.
On the company’s financial health, Macquarie Infrastructure Corp reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.36. The company had revenue of $415.71 million for the quarter, compared to analysts expectations of $428.12 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.87 EPS.
Macquarie Infrastructure Company LLC owns operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Companys operational segments include International-Matex Tank Terminals (IMTT) engaged in bulk liquid terminals business which provides bulk liquid storage handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation which includes a network of aviation fixed-base operations (FBOs) that provide fuel terminal aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E) which is engaged in selling energy generated by their facilities to creditworthy off-takers and Hawaii Gas a gas energy company processing and distributing gas and providing related services in Hawaii.