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New York State Common Retirement Fund Lowers Stake in Macquarie Infrastructure Co. (NYSE:MIC)

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New York State Common Retirement Fund cut its position in Macquarie Infrastructure Co. (NYSE:MIC) by 16.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 53,064 shares of the conglomerate’s stock after selling 10,636 shares during the quarter. New York State Common Retirement Fund’s holdings in Macquarie Infrastructure were worth $2,152,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in Macquarie Infrastructure by 1.5% in the second quarter. Macquarie Group Ltd. now owns 14,309,379 shares of the conglomerate’s stock worth $547,620,000 after buying an additional 209,522 shares during the last quarter. Vanguard Group Inc. raised its holdings in Macquarie Infrastructure by 3.8% in the second quarter. Vanguard Group Inc. now owns 6,803,915 shares of the conglomerate’s stock worth $260,386,000 after buying an additional 251,934 shares during the last quarter. BlackRock Inc. raised its holdings in Macquarie Infrastructure by 48.0% in the second quarter. BlackRock Inc. now owns 5,906,267 shares of the conglomerate’s stock worth $226,033,000 after buying an additional 1,915,226 shares during the last quarter. Blackstone Inc raised its holdings in Macquarie Infrastructure by 4,013.7% in the second quarter. Blackstone Inc now owns 2,670,919 shares of the conglomerate’s stock worth $102,216,000 after buying an additional 2,605,991 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Macquarie Infrastructure by 37.4% in the second quarter. JPMorgan Chase & Co. now owns 2,580,440 shares of the conglomerate’s stock worth $98,754,000 after buying an additional 702,075 shares during the last quarter. 88.99% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet cut shares of Macquarie Infrastructure from a “c-” rating to a “d+” rating in a report on Monday, October 11th.

Shares of MIC stock opened at $3.63 on Tuesday. The company has a 50 day moving average price of $3.63 and a 200-day moving average price of $22.82. Macquarie Infrastructure Co. has a 52 week low of $3.53 and a 52 week high of $40.85. The firm has a market capitalization of $320.16 million, a PE ratio of 0.12 and a beta of 1.44. The company has a quick ratio of 2.94, a current ratio of 3.08 and a debt-to-equity ratio of 1.19.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings results on Tuesday, November 2nd. The conglomerate reported $30.49 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $30.56. Macquarie Infrastructure had a net margin of 319.59% and a negative return on equity of 10.60%. The firm had revenue of $60.09 million during the quarter.

About Macquarie Infrastructure

Macquarie Infrastructure Corp. owns and operates a diversified group of businesses providing basic services to customers in the U. S. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, MIC Hawaii, and Corporate and Other. The IMTT segment provides bulk liquid storage and handling services to third parties in the U.S.

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