Knott David M Stake in Macquarie Infrastructure Corporation (MIC) Increased by $7.68 Million as Shares Declined

May 17, 2018 - By Clyde Turner

Macquarie Infrastructure Corporation (NYSE:MIC) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.24. That’s change of 0.22, from 2017Q3’s 1.46. 40 investors sold all, 103 reduced holdings as MIC ratio worsened. 125 increased stakes while 53 funds took stakes. Funds hold 64.11 million shares thus 1.58% more from 2017Q3’s 63.11 million shares. Blair William And Co Il has invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). 193,874 are held by Avalon Advsr Ltd Llc. Palisade Cap Mgmt Limited Liability Co Nj holds 0.06% or 27,000 shs in its capital. Cutler Cap Management Ltd stated it has 20,500 shs. Neuberger Berman Gp Llc has invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Cibc Ww Markets reported 35,400 shs. California Pub Employees Retirement Systems has 0.01% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Ubs Asset Mgmt Americas Incorporated holds 269,254 shs. Frontier Capital Mgmt Communication Llc, Massachusetts-based fund reported 611,237 shs. The New York-based Arrowgrass Cap Prns (Us) LP has invested 0.04% in Macquarie Infrastructure Corporation (NYSE:MIC). 81,331 are owned by Berson And Corrado Inv Advsrs Limited Liability. Sterling Limited Company accumulated 18,855 shs. Punch And Assocs Investment Mngmt Inc invested in 0.88% or 158,426 shs. Andra Ap has 26,500 shs. Manufacturers Life Insur The has 644,482 shs.

According to 2017Q4 SEC form the Knott David M rose its holdings in Macquarie Infrastructure Corporation (MIC) by 975.61%. The company’s stock declined 42.74% with the market as Knott David M bought 120,000 shares. The oil refining and marketing company at the end of 2017Q4 was valued at $8.49 million. It’s up from 12,300 at the end of the previous reported quarter. Now it had 132,300 shares held by the institutional investor . $3.19B is Macquarie Infrastructure Corporation’s market cap. The stock decreased 0.45% or $0.17 during the last trading session, touching $37.53.Macquarie Infrastructure Corporation has volume of 1.21 million shares. Since May 17, 2017 MIC has declined 54.12% and is downtrending. MIC underperformed by 65.67% the S&P 500.

For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in .

For more Macquarie Infrastructure Corporation (NYSE:MIC) news brought out briefly go to: Businesswire.com, Businesswire.com, Globenewswire.com, Businesswire.com or Globenewswire.com. The titles are as follows: “MIC EQUITY ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Macquarie …” brought out on May 10, 2018, “Bragar Eagel & Squire, PC Reminds Investors That a Class Action Lawsuit Has Been Filed Against Macquarie …” on May 14, 2018, “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” with a publish date: April 28, 2018, “All Six MIC Directors Reelected at Annual Meeting of Stockholders” and the last “Consolidated Research: 2018 Summary Expectations for Penn National Gaming, Hortonworks, Tempur Sealy …” with publication date: May 14, 2018.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Total analysts of 5 have positions in Macquarie Infrastructure Company (NYSE:MIC) as follows: 1 rated it a “Buy”, 1 with “Sell” and 3 with “Hold”. The positive are 20%. The firm has $80.0 highest while $4500 is the lowest target price. The average target $50 is 33.23% above the last ($37.53) price. Since January 16, 2018 according to StockzIntelligence Inc Macquarie Infrastructure Company has 7 analyst reports. In Thursday, February 22 report SunTrust downgraded the stock to “Hold” rating. On Sunday, April 22 the firm earned “Hold” rating by SunTrust. On Friday, February 23 the stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets. On Thursday, February 22 the firm has “Neutral” rating by JP Morgan given. On Friday, February 23 the stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Market Perform” rating by Wells Fargo. In Tuesday, January 16 report RBC Capital Markets maintained it with “Buy” rating and $80.0 target.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Investors Chart

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