Macquarie Infrastructure Company (NYSE:MIC) Rating Lowered to Sell at BidaskClub

Ruben Ruiz
July 17, 2017

Selz Cap Limited Co owns 21.13% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 1.01M shares. Bank of Montreal Can now owns 194,928 shares of the conglomerate's stock valued at $15,707,000 after buying an additional 4,271 shares in the last quarter.

Macquarie Infrastructure Corporation (NYSE:MIC) has a current MF Rank of 8137.

The stock increased 1.40% or $1.3 during the last trading session, reaching $93.85.

Shares of Macquarie Infrastructure Company (NYSE:MIC) traded up 1.03% during mid-day trading on Wednesday, hitting $77.68. It has underperformed by 5.52% the S&P500. The company has market cap of $5.57 billion. The Firm provides power management and precision analog technology for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.

Ratings analysis reveals 25% of Intersil's analysts are positive. A low current ratio (when the current liabilities are higher than the current assets) indicates that the company may have trouble paying their short term obligations. The stock's average target of $21.50 is 0.00% above today's ($0) share price. Legg Mason Inc. had 40 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, August 3 the stock rating was maintained by Piper Jaffray with "Overweight". The rating was maintained by RBC Capital Markets on Wednesday, November 2 with "Outperform". Drexel Hamilton downgraded the stock to "Hold" rating in Tuesday, September 13 report. The company was initiated on Thursday, October 6 by Mizuho.

It is down 0.00% since July 14, 2016 and is. It has underperformed by 61.87% the S&P500. The investment managers in our partner's database reported: 66.63 million shares, down from 66.90 million shares in 2016Q3. Goldman Sachs Gru Incorporated owns 268,951 shares for 0.01% of their portfolio. Rwc Asset Management Llp sold 129,401 shares as the company's stock declined 1.43% while stock markets rallied. The New York-based Overbrook Management Corp has invested 10.91% in the stock.

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TIAA CREF Investment Management downgraded its stake in Macquarie Infrastructure Company (NYSE:MIC) by 1.5% during the Q1, based on the latest 13F document with the SEC (SEC). AptarGroup Inc had 17 analyst reports since September 10, 2015 according to SRatingsIntel. The rating was reinitiated by Wells Fargo on Friday, November 18 with "Outperform". RBC Capital Markets maintained the shares of MIC in report on Thursday, February 23 with "Outperform" rating. RBC Capital Markets maintained the shares of MIC in report on Wednesday, August 5 with "Outperform" rating. RBC Capital Markets maintained it with "Outperform" rating and $103 target in Wednesday, November 4 report. The rating was initiated by RBC Capital Markets with "Outperform" on Friday, June 30. Macquarie Infrastructure Company presently has a consensus rating of "Buy" and a consensus price target of $91.75. JP Morgan maintained Macquarie Infrastructure Corp (NYSE:MIC) on Thursday, March 24 with "Overweight" rating.

Investors sentiment decreased to 0.92 in Q4 2016. Its up 0.17, from 1.32 in 2016Q3. It is negative, as 36 investors sold AptarGroup, Inc. shares while 100 reduced holdings. 81 funds opened positions while 113 raised stakes. Cambridge Invest Rech Advisors Inc invested in 13,955 shares. Sei Invs has 59,846 shares for 0.02% of their portfolio. Lastly, BidaskClub lifted shares of Macquarie Infrastructure Company from a "sell" recommendation to a "hold" recommendation in a study on Tue, Jun 27th. Moreover, Price T Rowe Associates Md has 0% invested in Macquarie Infrastructure Corp (NYSE:MIC). New South Capital reported 0.01% stake. The price index of Macquarie Infrastructure Corporation (NYSE:MIC) for last month was 1.00544. Cadence Capital Mngmt Ltd Llc has invested 0.09% of its portfolio in Legg Mason Inc (NYSE:LM). Blackrock Investment Mgmt Limited Liability holds 51,981 shares or 0% of its portfolio. (NYSE:ATR). State Board Of Administration Of Florida Retirement has invested 0.02% in AptarGroup, Inc. Us Bank & Trust De holds 6,229 shares. First Republic Inv Mngmt reported 3,443 shares stake. Institutional investors and hedge funds own 86.54% of the company's stock.

Texas Permanent School Fund decreased Prudential Finl Inc (NYSE:PRU) stake by 5,769 shares to 128,812 valued at $13.40M in 2016Q4. The Price to Book ratio for Macquarie Infrastructure Corporation NYSE:MIC is 2.206524.

Bce Incorporated (NYSE:BCE) had an increase of 9.21% in short interest. It also reduced its holding in Ishares Msci (INDA) by 18,135 shares in the quarter, leaving it with 20,090 shares, and cut its stake in Ishares (EEM). Williams Cos Inc Del (NYSE:WMB) was raised too.

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