Macquarie Infrastructure (MIC) Getting Somewhat Favorable Media Coverage, Accern Reports

Media stories about Macquarie Infrastructure (NYSE:MIC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macquarie Infrastructure earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 46.7824383519239 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Macquarie Infrastructure (NYSE MIC) traded up $0.17 during midday trading on Tuesday, reaching $64.02. 379,560 shares of the company’s stock were exchanged, compared to its average volume of 610,480. Macquarie Infrastructure has a 12-month low of $63.08 and a 12-month high of $83.48. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. The company has a market cap of $5,410.00, a P/E ratio of 30.93 and a beta of 0.86.

A number of brokerages have recently issued reports on MIC. SunTrust Banks cut their price target on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.75.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the firm’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 in the company, valued at $3,100,334.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the firm’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 owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

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About Macquarie Infrastructure

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.

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