Gratus Capital LLC Buys 9,185 Shares of Macquarie Infrastructure Corp (MIC)

Gratus Capital LLC grew its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,488 shares of the conglomerate’s stock after purchasing an additional 9,185 shares during the period. Gratus Capital LLC’s holdings in Macquarie Infrastructure were worth $5,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MIC. Atlantic Trust Group LLC boosted its position in Macquarie Infrastructure by 7,024.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 799,259 shares of the conglomerate’s stock worth $57,689,000 after purchasing an additional 788,041 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Macquarie Infrastructure by 4,796.4% during the 2nd quarter. Janus Henderson Group PLC now owns 339,470 shares of the conglomerate’s stock worth $26,614,000 after buying an additional 332,537 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Macquarie Infrastructure by 82.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 611,237 shares of the conglomerate’s stock worth $39,241,000 after buying an additional 276,125 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Macquarie Infrastructure by 48.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 761,928 shares of the conglomerate’s stock worth $54,996,000 after buying an additional 248,395 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Macquarie Infrastructure by 4.5% during the 3rd quarter. Macquarie Group Ltd. now owns 5,336,110 shares of the conglomerate’s stock worth $385,160,000 after buying an additional 228,693 shares during the period. Institutional investors and hedge funds own 75.97% of the company’s stock.

Macquarie Infrastructure Corp (MIC) opened at $61.99 on Friday. Macquarie Infrastructure Corp has a 52 week low of $61.85 and a 52 week high of $81.74. 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 capitalization of $5,386.73, a price-to-earnings ratio of 29.91 and a beta of 0.87.

MIC has been the subject of several research analyst reports. Zacks Investment Research raised Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. SunTrust Banks reduced their target price on Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Macquarie Infrastructure currently has an average rating of “Hold” and an average price target of $83.75.

In related news, Director Norman H. Brown, Jr. sold 2,151 shares of the stock in a transaction on Tuesday, December 5th. The stock was 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 approximately $3,100,334.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total value 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. 5.90% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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