Were Analysts Bearish Macquarie Infrastructure Corporation (NYSE:MIC) This Week?

November 10, 2018 - By James Guidry

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 0.78 in 2018 Q2. Its down 0.19, from 0.97 in 2018Q1. It dived, as 56 investors sold Macquarie Infrastructure Corporation shares while 101 reduced holdings. 43 funds opened positions while 79 raised stakes. 60.21 million shares or 4.10% less from 62.79 million shares in 2018Q1 were reported.
Strs Ohio reported 0% stake. Westwood Hldg Gru, Texas-based fund reported 950 shares. Marathon Mngmt stated it has 1.09% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Price T Rowe Assoc Incorporated Md accumulated 24,180 shares. Burt Wealth Advsrs stated it has 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Marshall Wace Ltd Liability Partnership owns 5,209 shares. California State Teachers Retirement holds 129,654 shares or 0.01% of its portfolio. 15,096 are owned by Amalgamated National Bank. Davenport & Ltd holds 4,780 shares or 0% of its portfolio. Canada Pension Plan Investment Board invested 0.01% in Macquarie Infrastructure Corporation (NYSE:MIC). Hbk Investments Ltd Partnership holds 0.33% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 865,211 shares. Service Automobile Association holds 12,971 shares or 0% of its portfolio. Cibc Mkts, a Ontario – Canada-based fund reported 25,367 shares. Wespac Advsr Ltd Liability Com accumulated 8,939 shares. Morgan Stanley invested 0.01% in Macquarie Infrastructure Corporation (NYSE:MIC).

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 2 analysts covering Macquarie Infrastructure (NYSE:MIC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Macquarie Infrastructure had 2 analyst reports since July 11, 2018 according to SRatingsIntel. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Equal-Weight” rating by Barclays Capital on Wednesday, July 11. As per Friday, July 27, the company rating was maintained by JP Morgan. Below is a list of Macquarie Infrastructure Corporation (NYSE:MIC) latest ratings and price target changes.

27/07/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $47 New Target: $48 Maintain
11/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $41 New Target: $43 Maintain

The stock decreased 1.21% or $0.47 during the last trading session, reaching $38.39. About 776,502 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 36.27% since November 10, 2017 and is downtrending. It has underperformed by 51.89% the S&P500.

Macquarie Infrastructure Corporation, through its subsidiaries, owns and operates a portfolio of businesses that provide services to businesses, government agencies, and individuals. The company has market cap of $3.29 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 6.91 P/E ratio. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada.

More news for Macquarie Infrastructure Corporation (NYSE:MIC) were recently published by: Digitaljournal.com, which released: “NYSE: MIC Long-Term Shareholder Notice: Investigation of Potential Wrongdoing at Macquarie Infrastructure …” on October 22, 2018. Seekingalpha.com‘s article titled: “Macquarie Infrastructure Corp. (MIC) CEO Christopher Frost on Q3 2018 Results – Earnings Call Transcript” and published on November 01, 2018 is yet another important article.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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