Macquarie Infrastructure Corp (MIC) : Sound Point Capital Management Lp reduced its stake in Macquarie Infrastructure Corp by 19.32% during the most recent quarter end. The investment management company now holds a total of 151,277 shares of Macquarie Infrastructure Corp which is valued at $10.5 Million after selling 36,223 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 16.96% of Sound Point Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in MIC in the latest quarter, The investment management firm added 20,684 additional shares and now holds a total of 153,918 shares of Macquarie Infrastructure Corp which is valued at $10.6 Million. Macquarie Infrastructure Corp makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.William Harris Investors Inc reduced its stake in MIC by selling 2,233 shares or 11.13% in the most recent quarter. The Hedge Fund company now holds 17,821 shares of MIC which is valued at $1.2 Million. Macquarie Infrastructure Corp makes up approx 0.32% of William Harris Investors Inc’s portfolio. Elmrox Investment Group Im sold out all of its stake in MIC during the most recent quarter. The investment firm sold 102,800 shares of MIC which is valued $7.1 Million.Cambridge Investment Research Advisors boosted its stake in MIC in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 12,552 shares of Macquarie Infrastructure Corp which is valued at $882,406. Macquarie Infrastructure Corp makes up approx 0.02% of Cambridge Investment Research Advisors’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.