CIBC World Markets Inc. lessened its holdings in shares of Macquarie Infrastructure Corp (NYSE:MIC) by 84.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,542 shares of the conglomerate’s stock after selling 121,500 shares during the quarter. CIBC World Markets Inc.’s holdings in Macquarie Infrastructure were worth $1,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Toronto Dominion Bank raised its position in Macquarie Infrastructure by 3.6% during the second quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock valued at $240,000 after acquiring an additional 107 shares in the last quarter. Prudential Financial Inc. raised its position in Macquarie Infrastructure by 10.5% during the second quarter. Prudential Financial Inc. now owns 3,170 shares of the conglomerate’s stock valued at $249,000 after acquiring an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Macquarie Infrastructure by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 36,535 shares of the conglomerate’s stock valued at $2,864,000 after acquiring an additional 438 shares in the last quarter. California State Teachers Retirement System raised its position in Macquarie Infrastructure by 0.5% during the second quarter. California State Teachers Retirement System now owns 153,795 shares of the conglomerate’s stock valued at $12,057,000 after acquiring an additional 731 shares in the last quarter. Finally, Brookstone Capital Management raised its position in Macquarie Infrastructure by 22.8% during the third quarter. Brookstone Capital Management now owns 4,303 shares of the conglomerate’s stock valued at $311,000 after acquiring an additional 798 shares in the last quarter. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 2,151 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total transaction of $142,116.57. Following the transaction, the director now 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 available at the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the stock in a transaction that occurred 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 transaction, the director now owns 49,076 shares in the company, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Macquarie Infrastructure Corp (NYSE:MIC) opened at $63.01 on Tuesday. Macquarie Infrastructure Corp has a twelve month low of $63.01 and a twelve month high of $81.74. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $5,330.00, a P/E ratio of 30.44 and a beta of 0.87.

Several equities analysts recently weighed in on MIC shares. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. SunTrust Banks cut their price objective on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Macquarie Infrastructure has an average rating of “Hold” and an average target price of $83.75.

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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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