In today’s session Macquarie Infrastructure Corp (MIC) registered an unusually high (433) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MIC increase. With 433 contracts traded and 3834 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MIC161118C00085000 closed last at: $1.65 or 10% up. About 62,855 shares traded hands. Macquarie Infrastructure Corp (NYSE:MIC) has risen 34.65% since March 8, 2016 and is uptrending. It has outperformed by 25.34% the S&P500.
Analysts await Macquarie Infrastructure Corp (NYSE:MIC) to report earnings on November, 7. They expect $0.40 EPS, up 207.69% or $0.27 from last year’s $0.13 per share. MIC’s profit will be $32.99 million for 51.69 P/E if the $0.40 EPS becomes a reality. After $0.24 actual EPS reported by Macquarie Infrastructure Corp for the previous quarter, Wall Street now forecasts 66.67% EPS growth.
Macquarie Infrastructure Corp (NYSE:MIC) Ratings Coverage
Out of 3 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $108 is the highest target while $90 is the lowest. The $97.67 average target is 18.10% above today’s ($82.7) stock price. MacQuarie Infrastructure has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. JP Morgan maintained Macquarie Infrastructure Corp (NYSE:MIC) on Thursday, March 24 with “Overweight” rating. RBC Capital Markets maintained it with “Outperform” rating and $103 target price in Wednesday, November 4 report.
According to Zacks Investment Research, “Macquarie owns, operate and invests in a diversified group of infrastructure businesses, which provide basic, everyday services, in the United States and other developed countries. Its initial businesses and investments consist of an airport services business (Atlantic and AvPorts), an airport parking business (PCAA and Avistar) and a district energy business (Thermal Chicago and Northwind Aladdin), a UK regulated water utility and in Macquarie Communications Infrastructure Group.”
Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.32, from 1.06 in 2016Q1. The ratio is positive, as 34 funds sold all Macquarie Infrastructure Corp shares owned while 82 reduced positions. 37 funds bought stakes while 123 increased positions. They now own 63.66 million shares or 6.29% less from 67.93 million shares in 2016Q1.
Blackrock Management Limited Liability accumulated 0% or 41,467 shares. Hood River Mgmt Ltd Limited Liability Company last reported 106,994 shares in the company. Bb&T Secs Ltd Liability Co reported 14,505 shares or 0.02% of all its holdings. Cibc Markets last reported 31,540 shares in the company. Concorde Asset Management Ltd Liability Company reported 3,287 shares or 0.24% of all its holdings. Cohen And Steers holds 0.1% or 515,644 shares in its portfolio. Grand Jean has 123,877 shares for 3.96% of their US portfolio. Burt Wealth has 0.02% invested in the company for 200 shares. Msd Prtnrs Lp holds 14.07% or 2.91M shares in its portfolio. Bradley Foster And Sargent Ct has 90,325 shares for 0.3% of their US portfolio. Tiger Legatus Mngmt Ltd Llc owns 700,000 shares or 15.69% of their US portfolio. Parametric Port Assoc Limited Liability Corporation last reported 148,918 shares in the company. Diam Ltd has 0.03% invested in the company for 25,395 shares. Moreover, Advisors Capital Mngmt Ltd has 1.83% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 240,562 shares. Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 18,071 shares.
Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The company has a market cap of $6.82 billion. The Company’s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. It has a 78.32 P/E ratio.
MIC Company Profile
Macquarie Infrastructure Corporation, incorporated on April 13, 2004, owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The Companyâ€™s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group.
More notable recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Seekingalpha.com which released: “Is Macquarie Infrastructure Corp A Buy?” on March 24, 2016, also Businesswire.com with their article: “Macquarie Infrastructure Corporation Announces Additional Growth Investments” published on January 11, 2016, Fool.com published: “Macquarie Infrastructure Corporation Keeps Growing, but 2 Risks Cloud the …” on November 09, 2015. More interesting news about Macquarie Infrastructure Corp (NYSE:MIC) were released by: Seekingalpha.com and their article: “Macquarie Infrastructure Still Has A Lot To Offer” published on August 09, 2016 as well as Fool.com‘s news article titled: “Macquarie Infrastructure Corporation Cares More About its Management Than its …” with publication date: October 01, 2015.
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