Macquarie Infrastructure Corporation (NYSE: MIC) is 7.59% higher on its value in year-to-date trading and has touched a low of $9.10 and a high of $33.43 in the current 52-week trading range. The MIC stock was last observed hovering at around $29.40 in the last trading session, with the day’s gains setting it 0.55% off its average median price target of $43.50 for the next 12 months. It is also 40.1% off the consensus price target high of $50.00 offered by 4 analysts, but current levels are 11.91% higher than the price target low of $34.00 for the same period.
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Currently trading at $29.95, the stock is 12.47% and 24.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 1.89% at the moment leaves the stock 40.54% off its SMA200. MIC registered -9.66% loss for a year compared to 6-month gain of 33.60%. The firm has a 50-day simple moving average (SMA 50) of $35.24 and a 200-day simple moving average (SMA200) of $30.19.
The stock witnessed a 24.88% loss in the last 1 month and extending the period to 3 months gives it a 51.94%, and is 7.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 2.87% over the month.
Macquarie Infrastructure Corporation (MIC) has around 909 employees, a market worth around $2.53B and $1.05B in sales. Fwd P/E is 25.13. Profit margin for the company is -83.60%. Distance from 52-week low is 229.30% and -10.38% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).
Macquarie Infrastructure Corporation (MIC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Macquarie Infrastructure Corporation (MIC) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Macquarie Infrastructure Corporation is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $339.4M over the same period.The EPS is expected to grow by 46.70% this year, but quarterly earnings will post -23.00% year-over-year. Quarterly sales are estimated to shrink -20.00% in year-over-year returns.
Macquarie Infrastructure Corporation (MIC) Top Institutional Holders
331 institutions hold shares in Macquarie Infrastructure Corporation (MIC), with 246.77k shares held by insiders accounting for 0.28% while institutional investors hold 82.10% of the company’s shares. The shares outstanding are 87.03M, and float is at 86.95M with Short Float at 3.33%. Institutions hold 81.87% of the Float.
The top institutional shareholder in the company is Macquarie Group Limited with over 13.76 million shares valued at $370.07 million. The investor’s holdings represent 15.78% of the MIC Shares outstanding. As of Sep 29, 2020, the second largest holder is Eminence Capital, LP with 8.49 million shares valued at $228.29 million to account for 9.74% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.17 million shares representing 7.07% and valued at over $165.87 million, while Dimensional Fund Advisors LP holds 5.48% of the shares totaling 4.78 million with a market value of $128.5 million.
Macquarie Infrastructure Corporation (MIC) Insider Activity
A total of 6 insider transactions have happened at Macquarie Infrastructure Corporation (MIC) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider sale by MACQUARIE GROUP LTD, the company’s 10% Owner. SEC filings show that MACQUARIE GROUP LTD sold 65,800 shares of the company’s common stock on Mar 20 at a price of $15.18 per share for a total of $1.0 million. Following the sale, the insider now owns 13.39 million shares.