Duality Advisers LP acquired a new stake in Macquarie Infrastructure Corp (NYSE:MIC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,907 shares of the conglomerate’s stock, valued at approximately $2,698,000. Duality Advisers LP owned 0.10% of Macquarie Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Eminence Capital LP acquired a new position in shares of Macquarie Infrastructure during the 1st quarter worth approximately $67,147,000. Harvest Fund Advisors LLC acquired a new stake in Macquarie Infrastructure in the first quarter valued at $17,815,000. Norges Bank acquired a new stake in Macquarie Infrastructure in the fourth quarter valued at $18,535,000. Nuveen Asset Management LLC grew its position in shares of Macquarie Infrastructure by 47.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,317,449 shares of the conglomerate’s stock valued at $56,440,000 after acquiring an additional 424,348 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Macquarie Infrastructure by 301.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 384,639 shares of the conglomerate’s stock worth $9,712,000 after purchasing an additional 288,920 shares during the last quarter. 75.11% of the stock is currently owned by hedge funds and other institutional investors.

MIC opened at $29.96 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.79 and a quick ratio of 2.74. The business has a fifty day simple moving average of $30.72 and a 200 day simple moving average of $32.26. Macquarie Infrastructure Corp has a 1 year low of $12.50 and a 1 year high of $45.93. The company has a market capitalization of $2.60 billion, a PE ratio of 26.51 and a beta of 1.50.

Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Tuesday, May 5th. The conglomerate reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.18). Macquarie Infrastructure had a return on equity of 12.51% and a net margin of 5.84%. The firm had revenue of $416.00 million for the quarter, compared to analyst estimates of $457.60 million. Equities analysts anticipate that Macquarie Infrastructure Corp will post 3.12 earnings per share for the current fiscal year.

MIC has been the topic of a number of recent analyst reports. SunTrust Banks raised Macquarie Infrastructure from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $42.00 in a research report on Wednesday, June 10th. Royal Bank of Canada lowered Macquarie Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $34.00 to $26.00 in a report on Friday, April 3rd. Macquarie downgraded Macquarie Infrastructure from an “outperform” rating to a “sector perform” rating in a report on Friday, April 3rd. Wells Fargo & Co cut shares of Macquarie Infrastructure from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research report on Friday, June 5th. Finally, ValuEngine raised shares of Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Macquarie Infrastructure currently has a consensus rating of “Hold” and an average price target of $45.29.

Macquarie Infrastructure Company 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.

Recommended Story: What is a Leveraged Buyout (LBO)?

Want to see what other hedge funds are holding MIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macquarie Infrastructure Corp (NYSE:MIC).

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

Receive News & Ratings for Macquarie Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macquarie Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.