Highbridge Capital Management LLC Invests $601,000 in Macquarie Infrastructure Corp (MIC) Stock

Highbridge Capital Management LLC purchased a new stake in shares of Macquarie Infrastructure Corp (NYSE:MIC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,315 shares of the conglomerate’s stock, valued at approximately $601,000.

A number of other hedge funds have also recently made changes to their positions in MIC. US Bancorp DE lifted its holdings in Macquarie Infrastructure by 1.0% during the 2nd quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 26 shares during the last quarter. World Asset Management Inc lifted its holdings in Macquarie Infrastructure by 0.3% during the 2nd quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock valued at $215,000 after purchasing an additional 9 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Macquarie Infrastructure by 10.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 287,446 shares of the conglomerate’s stock valued at $22,536,000 after purchasing an additional 28,029 shares during the last quarter. First Trust Advisors LP lifted its holdings in Macquarie Infrastructure by 726.0% during the 2nd quarter. First Trust Advisors LP now owns 81,685 shares of the conglomerate’s stock valued at $6,404,000 after purchasing an additional 71,796 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Macquarie Infrastructure by 68.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,802 shares of the conglomerate’s stock valued at $1,866,000 after purchasing an additional 9,698 shares during the last quarter. 76.41% of the stock is owned by hedge funds and other institutional investors.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total value of $142,116.57. Following the completion of the transaction, the director now directly owns 46,925 shares of the company’s stock, valued at $3,100,334.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total transaction of $114,086.84. Following the completion of the transaction, the director now directly owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. SunTrust Banks dropped their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Macquarie Infrastructure currently has an average rating of “Hold” and a consensus price target of $83.75.

Shares of Macquarie Infrastructure Corp (NYSE MIC) traded up $0.31 during midday trading on Friday, hitting $64.89. 1,407,005 shares of the company’s stock were exchanged, compared to its average volume of 809,905. Macquarie Infrastructure Corp has a one year low of $63.08 and a one year high of $83.48. The company has a market capitalization of $5,490.00, a P/E ratio of 30.46 and a beta of 0.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07.

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Macquarie Infrastructure Company Profile

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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