Macquarie Infrastructure Corp (MIC) : Silver Capital Management reduced its stake in Macquarie Infrastructure Corp by 39.57% during the most recent quarter end. The investment management company now holds a total of 18,650 shares of Macquarie Infrastructure Corp which is valued at $1,312,774 after selling 12,210 shares in Macquarie Infrastructure Corp , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Macquarie Infrastructure Corp makes up approximately 6.98% of Silver Capital Management’s portfolio.
Macquarie Infrastructure Corp closed down -0.47 points or -0.67% at $69.92 with 10,67,475 shares getting traded on Monday. Post opening the session at $70.32, the shares hit an intraday low of $69.78 and an intraday high of $70.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Davenport Co boosted its stake in MIC in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 4,337 shares of Macquarie Infrastructure Corp which is valued at $305,281.Miller Howard Investments Inc Ny boosted its stake in MIC in the latest quarter, The investment management firm added 9,088 additional shares and now holds a total of 169,454 shares of Macquarie Infrastructure Corp which is valued at $11,929,562. Macquarie Infrastructure Corp makes up approx 0.21% of Miller Howard Investments Inc Ny’s portfolio. Simplex Trading sold out all of its stake in MIC during the most recent quarter. The investment firm sold 2,280 shares of MIC which is valued $157,936.Selz Capital boosted its stake in MIC in the latest quarter, The investment management firm added 12,200 additional shares and now holds a total of 1,011,903 shares of Macquarie Infrastructure Corp which is valued at $70,094,521. Macquarie Infrastructure Corp makes up approx 21.01% of Selz Capital’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.