In today’s session MasTec, Inc. (MTZ) registered an unusually high (370) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MTZ increase. With 370 contracts traded and 294 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MTZ161118C00037000 closed last at: $0.4 or 70.4% down. About 195,998 shares traded hands. MasTec, Inc. (NYSE:MTZ) has risen 67.13% since April 18, 2016 and is uptrending. It has outperformed by 62.70% the S&P500.
MasTec, Inc. (NYSE:MTZ) Ratings Coverage
Out of 8 analysts covering MasTec (NYSE:MTZ), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. MasTec has been the topic of 13 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Tuesday, August 4. The rating was maintained by FBR Capital on Tuesday, September 1 with “Outperform”. The rating was initiated by Citigroup with “Neutral” on Friday, November 13. The firm has “Buy” rating by Stifel Nicolaus given on Monday, November 14. The rating was reinitiated by Stifel Nicolaus on Tuesday, January 5 with “Buy”. The stock of MasTec, Inc. (NYSE:MTZ) has “Buy” rating given on Thursday, November 12 by Craig Hallum. The rating was initiated by Robert W. Baird on Tuesday, August 25 with “Outperform”. Stephens maintained MasTec, Inc. (NYSE:MTZ) rating on Monday, September 21. Stephens has “Buy” rating and $24 price target. FBR Capital maintained MasTec, Inc. (NYSE:MTZ) rating on Monday, August 3. FBR Capital has “Outperform” rating and $28 price target. The stock of MasTec, Inc. (NYSE:MTZ) earned “Neutral” rating by DA Davidson on Wednesday, November 16.
According to Zacks Investment Research, “MASTEC INC. is one of the largest providers of construction services to the telecommunications industry in the United States. The Company’s principal business consists of the installation and maintenance of aerial, underground and buried copper and fiber optic cable, underground conduit, manhole systems and relatessed construction for local telephone companies, including Regional Bell Operating Companies such as BellSouth Telecommunications, Inc., U.S. West, Inc. and SBC Communications, Inc., and non-Bell local telephone companies such as Sprint Corp., and GTE Corp.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.14, from 0.96 in 2016Q1. The ratio is positive, as 23 funds sold all MasTec, Inc. shares owned while 68 reduced positions. 35 funds bought stakes while 52 increased positions. They now own 57.23 million shares or 0.83% less from 57.71 million shares in 2016Q1.
Cortina Asset Mngmt Limited last reported 832,342 shares in the company. Commercial Bank Of Montreal Can has 0% invested in the company for 2,077 shares. Fincl Grp Inc, a Ohio-based fund reported 10,884 shares. Price T Rowe Assoc Inc Md, a Maryland-based fund reported 31,900 shares. Blackrock owns 7,944 shares or 0% of their US portfolio. The Illinois-based Ubs Asset Americas Inc has invested 0% in MasTec, Inc. (NYSE:MTZ). Springbok Ltd Llc last reported 6,100 shares in the company. Da Davidson And holds 0% or 3,123 shares in its portfolio. Blackrock Institutional Com Na holds 0.01% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 1.59M shares. California Employees Retirement Systems has 225,700 shares for 0.01% of their US portfolio. Credit Suisse Ag has 114,636 shares for 0% of their US portfolio. First Republic Invest Management holds 23,544 shares or 0% of its portfolio. Citadel Ltd Company holds 0% or 11,174 shares in its portfolio. Blackrock Advsr Ltd last reported 0% of its portfolio in the stock. Employees Retirement Association Of Colorado owns 16,019 shares or 0% of their US portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 1 sale for $352,760 net activity. Dwyer Robert J also sold $352,760 worth of MasTec, Inc. (NYSE:MTZ) shares.
MasTec, Inc. is an infrastructure construction company. The company has a market cap of $2.91 billion. The Firm operates primarily across North America through a range of industries. It currently has negative earnings. The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.
MTZ Company Profile
MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Firm operates primarily across North America through a range of industries. The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. The Firm manages its activities under five operating divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The Firm offers its services primarily under the MasTec service mark and has activities across approximately 470 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; natural gas, natural gas liquids and petroleum pipeline, and electrical transmission.
More notable recent MasTec, Inc. (NYSE:MTZ) news were published by: Fool.com which released: “MasTec, Inc. Stock Up 10% Today: Here’s Why” on November 10, 2016, also Equitiesfocus.com with their article: “MasTec, Inc. (NYSE:MTZ) Stock Gets Revised Target Of $35.17” published on November 18, 2016, Prnewswire.com published: “MasTec Announces Third Quarter 2016 Results Above Expectations and Increases …” on November 03, 2016. More interesting news about MasTec, Inc. (NYSE:MTZ) were released by: Prnewswire.com and their article: “MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call” published on October 24, 2016 as well as Fool.com‘s news article titled: “Oil and Gas Fuel MasTec, Inc.’s Strong Q2 Earnings” with publication date: August 05, 2016.
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