As Macquarie Infrastructure Corporation (MIC) Shares Declined, Knott David M Increased Stake

May 17, 2018 - By Elizabeth Bryant

Macquarie Infrastructure Corporation (NYSE:MIC) Corporate LogoBig Money Sentiment decreased to 1.24 in 2017 Q4. It has change of 0.22, from 2017Q3’s 1.46. The ratio is negative due to MIC positioning: 40 sold and 103 reduced. 53 funds took holdings and 125 increased holdings. Investors holded 63.11 million in 2017Q3 but now own 64.11 million shares or 1.58% more. Moreover, Boston Family Office Limited Liability Corp has 0.08% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 10,770 shs. Moreover, Punch & Associate Investment Management Incorporated has 0.88% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 158,426 shs. Public Employees Retirement Association Of Colorado reported 18,696 shs. 16,000 were accumulated by Teton Advsrs. Fred Alger Mgmt stated it has 13,123 shs or 0% of all its holdings. Capital Investors owns 3.17 million shs or 0.04% of their US capital. Tower Ltd Liability (Trc) stated it has 0% of its capital in Macquarie Infrastructure Corporation (NYSE:MIC). First Manhattan Communications owns 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 1,660 shs. Manufacturers Life Ins Company The stated it has 644,482 shs. Selz Ltd Limited Liability Company accumulated 1.01M shs. Tourbillon Prns Ltd Partnership invested 0.44% in Macquarie Infrastructure Corporation (NYSE:MIC). Gulf Intll Bancshares (Uk) reported 0.02% of its capital in Macquarie Infrastructure Corporation (NYSE:MIC). Jane Street Group Lc holds 0% or 4,798 shs. Credit Suisse Ag reported 97,222 shs or 0.01% of all its holdings. Country Club Tru Na accumulated 70,221 shs or 0.61% of the stock.

In Macquarie Infrastructure Corporation (MIC) was increased the stake owned by Knott David M. The decrease is 975.61% according to 2017Q4 SEC form. By buying 120,000 shares Knott David M made the stock sank with 42.74%. At the end of 2017Q4, the 132,300 shares of the oil refining and marketing company held by the institutional investor were priced at $8.49M, up from 12,300 at the end of the previous reported quarter. $3.19B is the market cap of Macquarie Infrastructure Corporation. The stock decreased 0.45% or $0.17 during the last trading session, reaching $37.53.Macquarie Infrastructure Corporation has volume of 1.21M shares. Since May 17, 2017 MIC has declined 54.12% and is downtrending. MIC underperformed by 65.67% the S&P500.

Knott David M has cut its stake in and also reduced its holding in by shares in the quarter, for a total of shares.

For more Macquarie Infrastructure Corporation (NYSE:MIC) news published briefly go to: Seekingalpha.com, Globenewswire.com, Businesswire.com, Businesswire.com or Businesswire.com. The titles are as follows: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018, “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” on April 28, 2018, “MIC Corrects False and Misleading Statements by Moab Capital” with a publish date: May 03, 2018, “MIC EQUITY ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Macquarie …” and the last “Bragar Eagel & Squire, PC Reminds Investors That a Class Action Lawsuit Has Been Filed Against Macquarie …” with publication date: May 14, 2018.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

In total 5 analysts cover Macquarie Infrastructure Company (NYSE:MIC). “Buy” rating has 1, “Sell” are 1, while 3 are “Hold”. 20% are bullish. With $80.0 highest and $4500 lowest target price Macquarie Infrastructure Company has $50 average target price or 33.23% above the current ($37.53) price. 7 are the (NYSE:MIC)’s analyst reports since January 16, 2018 according to StockzIntelligence Inc. The company rating was maintained by RBC Capital Markets on Tuesday, January 16. The stock rating was downgraded by SunTrust to “Hold” on Thursday, February 22. On Friday, February 23 RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating. RBC Capital Markets has “Buy” rating and $55.0 target. In Sunday, April 22 report SunTrust maintained the stock with “Hold” rating. On Friday, February 23 Wells Fargo downgraded the shares of MIC in report to “Market Perform” rating. On Thursday, February 22 JP Morgan downgraded the shares of MIC in report to “Neutral” rating.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Investors Chart

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