What Will Happen to Macquarie Infrastructure Corporation (NYSE:MIC) Next? The Stock Has Increase in Shorts

February 15, 2018 - By Ellis Scott

 What Will Happen to Macquarie Infrastructure Corporation (NYSE:MIC) Next? The Stock Has Increase in Shorts

Investors sentiment decreased to 1.46 in Q3 2017. Its down 0.07, from 1.53 in 2017Q2. It turned negative, as 30 investors sold Macquarie Infrastructure Corporation shares while 91 reduced holdings. 52 funds opened positions while 125 raised stakes. 63.11 million shares or 4.68% less from 66.21 million shares in 2017Q2 were reported.
Bamco New York stated it has 304,722 shares or 0.1% of all its holdings. 130,473 are held by Parametric Lc. Tiaa Cref Investment Mgmt Ltd Llc invested in 0.01% or 261,348 shares. Moreover, Pictet Asset Management has 0.01% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Iowa-based Dubuque National Bank & Comm has invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). 10,580 were accumulated by Sterling Limited Liability Corp. Fred Alger Mngmt holds 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 14,551 shares. Credit Agricole S A holds 0.01% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 45,993 shares. Cibc World Mkts Corp holds 0.15% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 216,500 shares. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.23% or 56,178 shares in its portfolio. Next Financial Group reported 0.01% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). 782,900 were accumulated by Gabelli Funds. Capstone Investment Advsr Limited Liability Co holds 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC) or 8,200 shares. Nomura Asset Limited holds 0.01% or 9,030 shares in its portfolio. New Mountain Vantage Advisers Limited has invested 2.82% in Macquarie Infrastructure Corporation (NYSE:MIC).

The stock of Macquarie Infrastructure Corporation (NYSE:MIC) registered an increase of 8.24% in short interest. MIC’s total short interest was 4.73M shares in February as published by FINRA. Its up 8.24% from 4.37 million shares, reported previously. With 762,600 shares average volume, it will take short sellers 6 days to cover their MIC’s short positions.

The stock increased 1.83% or $1.17 during the last trading session, reaching $65.22. About 334,206 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has risen 11.18% since February 15, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.

Macquarie Infrastructure Corporation, through its subsidiaries, owns and operates a portfolio of businesses that provide services to businesses, government agencies, and individuals. The company has market cap of $5.52 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 31.97 P/E ratio. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. MacQuarie Infrastructure had 19 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. The company was maintained on Monday, September 25 by RBC Capital Markets. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 5. Suntrust Robinson initiated it with “Buy” rating and $92 target in Tuesday, March 21 report. RBC Capital Markets maintained it with “Outperform” rating and $93 target in Thursday, February 23 report. The stock has “Overweight” rating by Barclays Capital on Thursday, February 23. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Monday, November 6 with “Buy” rating. RBC Capital Markets maintained the shares of MIC in report on Wednesday, November 2 with “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, August 20 report.

Another recent and important Macquarie Infrastructure Corporation (NYSE:MIC) news was published by Nasdaq.com which published an article titled: “Macquarie Infrastructure (MIC) Passes Through 9% Yield Mark” on February 08, 2018.

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