Bearish Options Activity on Macquarie Infrastructure Corp After Worse Fundamentals

 Bearish Options Activity on Macquarie Infrastructure Corp After Worse Fundamentals

In today’s session Macquarie Infrastructure Corp (MIC) recorded an unusually high (3,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious MIC decrease. With 3,000 contracts traded and 254 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: MIC161216P00070000 closed last at: $0.4 or 20% down. About 28,215 shares traded hands. Macquarie Infrastructure Corp (NYSE:MIC) has risen 14.27% since April 14, 2016 and is uptrending. It has outperformed by 9.58% the S&P500.

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 $96 average target is 19.70% above today’s ($80.2) stock price. MacQuarie Infrastructure has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Macquarie Infrastructure Corp (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 5. The firm earned “Outperform” rating on Wednesday, November 2 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. JP Morgan maintained the stock with “Overweight” rating in Thursday, March 24 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 2016 Q2. 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.
New South Capital accumulated 0.01% or 3,100 shares. Glob Endowment L P has 3,600 shares for 0.06% of their US portfolio. Goldman Sachs Group Inc, a New York-based fund reported 1.26 million shares. Scopus Asset Mgmt Lp has 397,514 shares for 0.39% of their US portfolio. Balyasny Asset Mgmt Ltd Liability Corp has invested 0.29% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). Gamco Et Al accumulated 586,216 shares or 0.29% of the stock. Princeton Alpha L P last reported 0.22% of its portfolio in the stock. Schwab Charles Inv Mgmt holds 0.02% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 200,268 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 14,928 shares. Duncker Streett has 0.11% invested in the company for 3,995 shares. Sprott last reported 0.08% of its portfolio in the stock. Moreover, Art Advsrs has 0.22% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 59,606 shares. Cohen & Steers Inc owns 515,644 shares or 0.1% of their US portfolio. Davenport & Communications Ltd Limited Liability Company holds 0% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 17,242 shares. Cap Fund Mgmt last reported 0.02% of its portfolio in the stock.

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 $6.70 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 55.98 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 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. MIC is managed by a wholly-owned subsidiary of the Macquarie Group.

More 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 published the news titled: “Macquarie Infrastructure Corporation Announces Additional Growth Investments” on January 11, 2016. Forbes.com‘s news article titled: “Macquarie Infrastructure (MIC) Passes Through 6% Yield Mark” with publication date: July 18, 2016 was also an interesting one.

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