Tph Asset Management buys $33.1 Million stake in Macquarie Infrastructure Corp (MIC)

Macquarie Infrastructure Corp (MIC) : Tph Asset Management scooped up 119,692 additional shares in Macquarie Infrastructure Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 478,020 shares of Macquarie Infrastructure Corp which is valued at $33.1 Million.Macquarie Infrastructure Corp makes up approximately 3.61% of Tph Asset Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies added MIC to its portfolio by purchasing 230,800 company shares during the most recent quarter which is valued at $16 Million. Macquarie Infrastructure Corp makes up approx 0.03% of Renaissance Technologies’s portfolio.Teacher Retirement System Of Texas boosted its stake in MIC in the latest quarter, The investment management firm added 2,390 additional shares and now holds a total of 9,319 shares of Macquarie Infrastructure Corp which is valued at $644,688.Partners Group Holding Ag boosted its stake in MIC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 14,700 shares of Macquarie Infrastructure Corp which is valued at $1 Million. Macquarie Infrastructure Corp makes up approx 0.21% of Partners Group Holding Ag’s portfolio.Blackrock Group Ltd boosted its stake in MIC in the latest quarter, The investment management firm added 19,196 additional shares and now holds a total of 150,362 shares of Macquarie Infrastructure Corp which is valued at $10.4 Million. Macquarie Infrastructure Corp makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Grisanti Capital Management reduced its stake in MIC by selling 12,350 shares or 45.58% in the most recent quarter. The Hedge Fund company now holds 14,745 shares of MIC which is valued at $1 Million. Macquarie Infrastructure Corp makes up approx 0.49% of Grisanti 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 Company’s 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.

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