Macquarie Infrastructure Corp (MIC) : Newbrook Capital Advisors Lp reduced its stake in Macquarie Infrastructure Corp by 15.71% during the most recent quarter end. The investment management company now holds a total of 888,138 shares of Macquarie Infrastructure Corp which is valued at $61.4 Million after selling 165,550 shares in Macquarie Infrastructure Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Macquarie Infrastructure Corp makes up approximately 8.47% of Newbrook Capital Advisors Lp’s portfolio.
Other Hedge Funds, Including , Kortright Capital Partners Lp reduced its stake in MIC by selling 7,000 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 144,500 shares of MIC which is valued at $10 Million. Macquarie Infrastructure Corp makes up approx 15.94% of Kortright Capital Partners Lp’s portfolio.Global X Management Co reduced its stake in MIC by selling 41,648 shares or 51.15% in the most recent quarter. The Hedge Fund company now holds 39,779 shares of MIC which is valued at $2.8 Million. Macquarie Infrastructure Corp makes up approx 0.17% of Global X Management Co’s portfolio.Cibc World Markets boosted its stake in MIC in the latest quarter, The investment management firm added 4,269 additional shares and now holds a total of 26,876 shares of Macquarie Infrastructure Corp which is valued at $1.9 Million. Macquarie Infrastructure Corp makes up approx 0.01% of Cibc World Markets’s portfolio.Cadence Capital Management boosted its stake in MIC in the latest quarter, The investment management firm added 6,478 additional shares and now holds a total of 20,391 shares of Macquarie Infrastructure Corp which is valued at $1.4 Million. Macquarie Infrastructure Corp makes up approx 0.10% of Cadence Capital Management’s portfolio.
Macquarie Infrastructure Corp opened for trading at $71.92 and hit $72.41 on the upside on Wednesday, eventually ending the session at $71.85, with a gain of 0.15% or 0.11 points. The heightened volatility saw the trading volume jump to 3,43,997 shares. Company has a market cap of $5,772 M.
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.