Cypress Funds buys $23,232,009 stake in Macquarie Infrastructure Corp (MIC)

Macquarie Infrastructure Corp (MIC) : Cypress Funds scooped up 110,110 additional shares in Macquarie Infrastructure Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 290,110 shares of Macquarie Infrastructure Corp which is valued at $23,232,009.Macquarie Infrastructure Corp makes up approximately 6.47% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , Bradley Foster Sargent Incct boosted its stake in MIC in the latest quarter, The investment management firm added 82,900 additional shares and now holds a total of 90,325 shares of Macquarie Infrastructure Corp which is valued at $7,233,226. Macquarie Infrastructure Corp makes up approx 0.32% of Bradley Foster Sargent Incct’s portfolio.William Harris Investors Inc boosted its stake in MIC in the latest quarter, The investment management firm added 1,136 additional shares and now holds a total of 18,957 shares of Macquarie Infrastructure Corp which is valued at $1,526,986. Macquarie Infrastructure Corp makes up approx 0.36% of William Harris Investors Inc’s portfolio.Kayne Anderson Capital Advisors Lp boosted its stake in MIC in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 779,500 shares of Macquarie Infrastructure Corp which is valued at $62,788,725. Macquarie Infrastructure Corp makes up approx 0.69% of Kayne Anderson Capital Advisors Lp’s portfolio.Great West Life Assurance Co Can boosted its stake in MIC in the latest quarter, The investment management firm added 43,734 additional shares and now holds a total of 51,275 shares of Macquarie Infrastructure Corp which is valued at $4,070,722. Macquarie Infrastructure Corp makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Putnam Fl Investment Management Co added MIC to its portfolio by purchasing 3,917 company shares during the most recent quarter which is valued at $310,971. Macquarie Infrastructure Corp makes up approx 0.04% of Putnam Fl Investment Management Co’s portfolio.

Macquarie Infrastructure Corp opened for trading at $80.34 and hit $80.57 on the upside on Wednesday, eventually ending the session at $80.5, with a gain of 0.45% or 0.36 points. The heightened volatility saw the trading volume jump to 3,19,950 shares. Company has a market cap of $6,563 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.

Leave a Reply

Macquarie Infrastructure Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Macquarie Infrastructure Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.