Lisanti Capital Growth LLC Purchases Shares of 28,190 MasTec, Inc. (MTZ)
Lisanti Capital Growth LLC purchased a new stake in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 28,190 shares of the construction company’s stock, valued at approximately $1,380,000.
Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of MasTec by 27.6% in the 3rd quarter. Advisor Group Inc. now owns 11,543 shares of the construction company’s stock valued at $535,000 after purchasing an additional 2,496 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in MasTec by 12.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 364,094 shares of the construction company’s stock worth $16,893,000 after acquiring an additional 40,854 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in MasTec by 112.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 690,800 shares of the construction company’s stock worth $32,053,000 after acquiring an additional 365,400 shares in the last quarter. Strategic Wealth Advisors Group LLC acquired a new position in MasTec during the 3rd quarter worth about $601,000. Finally, Koch Industries Inc. acquired a new position in MasTec during the 2nd quarter worth about $429,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of MasTec, Inc. (NYSE:MTZ) opened at $49.00 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.66. The stock has a market capitalization of $4,080.10, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. MasTec, Inc. has a 12-month low of $35.75 and a 12-month high of $55.53.
In other MasTec news, COO Robert E. Apple sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $55.07, for a total value of $1,376,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.30% of the stock is owned by company insiders.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc. (NYSE:MTZ).
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.