Brookstone Capital Management acquired a new stake in Macquarie Infrastructure Corp (NYSE:MIC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,856 shares of the conglomerate’s stock, valued at approximately $530,000.

A number of other institutional investors also recently added to or reduced their stakes in MIC. CIBC Private Wealth Group LLC boosted its position in Macquarie Infrastructure by 117.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,094,168 shares of the conglomerate’s stock valued at $40,004,000 after buying an additional 589,836 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in Macquarie Infrastructure in the 4th quarter valued at about $9,041,000. Norges Bank purchased a new stake in Macquarie Infrastructure in the 4th quarter valued at about $6,273,000. Macquarie Group Ltd. boosted its position in Macquarie Infrastructure by 1.4% in the 4th quarter. Macquarie Group Ltd. now owns 12,506,903 shares of the conglomerate’s stock valued at $457,252,000 after buying an additional 167,991 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Macquarie Infrastructure by 89.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 231,255 shares of the conglomerate’s stock valued at $8,455,000 after buying an additional 109,366 shares during the period. 76.47% of the stock is owned by institutional investors.

In other Macquarie Infrastructure news, major shareholder Group Ltd Macquarie purchased 1,000 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $40.61 per share, with a total value of $40,610.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on MIC. ValuEngine cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays cut shares of Macquarie Infrastructure from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $42.00 to $40.00 in a research report on Tuesday. Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price objective (down from $45.00) on shares of Macquarie Infrastructure in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.17.

Shares of MIC opened at $40.48 on Friday. Macquarie Infrastructure Corp has a fifty-two week low of $33.71 and a fifty-two week high of $47.74. The company has a market capitalization of $3.48 billion, a PE ratio of 19.09 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.69 and a quick ratio of 1.66.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings results on Wednesday, February 20th. The conglomerate reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Macquarie Infrastructure had a return on equity of 5.57% and a net margin of 7.22%. The business had revenue of $437.76 million during the quarter, compared to analysts’ expectations of $453.40 million. As a group, equities analysts expect that Macquarie Infrastructure Corp will post 4.78 EPS for the current year.

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Macquarie Infrastructure Profile

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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