Whittier Trust Co. of Nevada Inc. Sells 5,629 Shares of Macquarie Infrastructure Corp (MIC)
Whittier Trust Co. of Nevada Inc. decreased its position in Macquarie Infrastructure Corp (NYSE:MIC) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,358 shares of the conglomerate’s stock after selling 5,629 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Macquarie Infrastructure were worth $215,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MIC. Cowen Prime Services LLC acquired a new stake in Macquarie Infrastructure in the fourth quarter valued at approximately $161,000. FNY Partners Fund LP grew its position in Macquarie Infrastructure by 200.0% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the conglomerate’s stock valued at $216,000 after acquiring an additional 2,000 shares in the last quarter. Sigma Planning Corp acquired a new stake in Macquarie Infrastructure in the third quarter valued at approximately $221,000. BlueCrest Capital Management Ltd acquired a new stake in Macquarie Infrastructure in the second quarter valued at approximately $233,000. Finally, Toronto Dominion Bank grew its position in Macquarie Infrastructure by 3.6% in 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. 75.76% of the stock is owned by institutional investors.
In other news, Director Norman H. Brown, Jr. sold 2,151 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the completion of the sale, the director now owns 46,925 shares of the company’s stock, valued at $3,100,334.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman H. Brown, Jr. sold 1,732 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total transaction of $114,086.84. Following the sale, the director now directly owns 49,076 shares of the company’s stock, valued at approximately $3,232,636.12. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.
Several brokerages have issued reports on MIC. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. SunTrust Banks lowered their price objective on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.75.
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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