Caxton Associates Lp Increased Mastec Inc (NYSE:MTZ) Stake by $17.65 Million

February 23, 2018 - By Henry Gaston

Investors sentiment increased to 1.39 in Q3 2017. Its up 0.17, from 1.22 in 2017Q2. It increased, as 29 investors sold MTZ shares while 73 reduced holdings. 56 funds opened positions while 86 raised stakes. 58.30 million shares or 2.08% more from 57.11 million shares in 2017Q2 were reported. Oppenheimer Asset Mgmt reported 8,452 shares. Private Harbour Inv Management & Counsel Ltd Limited Liability Company holds 0.84% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 21,583 shares. Moreover, Employees Retirement Association Of Colorado has 0% invested in MasTec, Inc. (NYSE:MTZ) for 13,871 shares. Coe Management Ltd Co invested in 55,285 shares or 2.67% of the stock. Robeco Institutional Asset Mgmt Bv has invested 0.03% in MasTec, Inc. (NYSE:MTZ). Brown Advisory reported 13,404 shares. Dnb Asset Management As owns 656,000 shares. First Mercantile Tru Com invested in 12,081 shares or 0.1% of the stock. Blackrock Incorporated has 4.75 million shares for 0.01% of their portfolio. Stifel Financial Corporation owns 35,910 shares for 0.01% of their portfolio. Tygh Capital Management Incorporated accumulated 315,614 shares. Grantham Mayo Van Otterloo And Ltd holds 17,000 shares or 0% of its portfolio. Falcon Point Cap Ltd Com has invested 1.22% of its portfolio in MasTec, Inc. (NYSE:MTZ). Scholtz And Communication Ltd Llc, a Connecticut-based fund reported 28,610 shares. Dupont Cap Mgmt Corporation owns 79,500 shares for 0.08% of their portfolio.

Since February 1, 2018, it had 0 insider buys, and 1 sale for $1.38 million activity.

Bruce Kovner increased its stake in Mastec Inc (NYSE:MTZ) by 262.58% based on its latest 2017Q4 regulatory filing with the SEC. Caxton Associates Lp bought 367,605 shares as the company’s stock rose 9.66% with the market. The hedge fund run by Bruce Kovner held 507,605 shares of the basic industries company at the end of 2017Q4, valued at $24.85 million, up from 140,000 at the end of the previous reported quarter. Caxton Associates Lp who had been investing in Mastec Inc for a number of months, seems to be bullish on the $4.32B market cap company. The stock decreased 0.90% or $0.475 during the last trading session, reaching $52.175. About 198,370 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since February 23, 2017 and is uptrending. It has outperformed by 76.72% the S&P500.

Caxton Associates Lp, which manages about $10.75 billion and $2.03 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 950,000 shares to 50,000 shares, valued at $13.34 million in 2017Q4, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 1.60M shares in the quarter, leaving it with 550,000 shares, and cut its stake in Select Sector Spdr Tr (Call) (XLK).

Bruce Kovner is just a legend. He is a super skilled trader. He founded Caxton Associates and achieved more than 20% annualized returns from 1983 to 2011 when he stepped out and gave the way to Andrew Law. Kovner has a net worth of more than $4.5 billion and it seems its increasing. Andrew Law the new manager of Caxton made great bets and again leads the fund to profits. He bet against the yen in 2012, 2013 and also bet against the Euro in 2014-2015. Caxton Associates Lp is a New Jersey-based hedge fund that was founded by Bruce Kovner. It had more than $10.75 billion assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Caxton Associates latest Adv, the fund reported to have 183 full and part-time employees. Among which 68 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 15 analysts covering MasTec (NYSE:MTZ), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. MasTec had 46 analyst reports since August 3, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained MasTec, Inc. (NYSE:MTZ) on Wednesday, December 20 with “Buy” rating. The company was maintained on Friday, October 6 by Robert W. Baird. The firm has “Buy” rating given on Thursday, September 7 by Stifel Nicolaus. The stock of MasTec, Inc. (NYSE:MTZ) has “Outperform” rating given on Monday, August 3 by FBR Capital. The rating was maintained by Citigroup on Friday, October 27 with “Buy”. As per Monday, April 3, the company rating was initiated by Credit Suisse. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, August 15 report. The firm earned “Buy” rating on Tuesday, November 7 by B. Riley & Co. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, August 25. Credit Suisse upgraded the shares of MTZ in report on Monday, July 24 to “Outperform” rating.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. The company has market cap of $4.32 billion. It operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It has a 17.87 P/E ratio. The firm manufactures underground and overhead distribution systems, including trenches, conduits, cable, and power lines, which provide wireless and wireline/fiber communications; crude oil, natural gas, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants.

More news for MasTec, Inc. (NYSE:MTZ) were recently published by: Nasdaq.com, which released: “Why Earnings Season Could Be Great for MasTec (MTZ)” on February 23, 2018. Prnewswire.com‘s article titled: “MasTec Senior Management to Present at the Citibank and Barclays Investor …” and published on February 14, 2018 is yet another important article.

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