Macquarie Infrastructure (NYSE:MIC) Shares Pass Above 200-Day Moving Average of $3.69

Macquarie Infrastructure Holdings, LLC (NYSE:MICGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.69 and traded as high as $3.82. Macquarie Infrastructure shares last traded at $3.80, with a volume of 782,321 shares traded.

Separately, StockNews.com initiated coverage on shares of Macquarie Infrastructure in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.85. The stock’s 50-day moving average is $3.77 and its two-hundred day moving average is $3.69. The stock has a market cap of $338.14 million, a P/E ratio of 0.12 and a beta of 1.28.

Macquarie Infrastructure (NYSE:MICGet Rating) last issued its earnings results on Tuesday, May 3rd. The conglomerate reported $0.12 earnings per share for the quarter. Macquarie Infrastructure had a net margin of 558.58% and a negative return on equity of 46.39%. The firm had revenue of $68.68 million during the quarter.

Large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of Macquarie Infrastructure during the third quarter worth $1,608,000. Epiq Partners LLC lifted its position in Macquarie Infrastructure by 680.7% during the fourth quarter. Epiq Partners LLC now owns 1,013,990 shares of the conglomerate’s stock valued at $3,701,000 after purchasing an additional 884,100 shares during the last quarter. KBC Group NV lifted its position in Macquarie Infrastructure by 4,852.3% during the fourth quarter. KBC Group NV now owns 102,959 shares of the conglomerate’s stock valued at $376,000 after purchasing an additional 100,880 shares during the last quarter. Maverick Capital Ltd. lifted its position in Macquarie Infrastructure by 14.9% during the third quarter. Maverick Capital Ltd. now owns 38,316 shares of the conglomerate’s stock valued at $1,554,000 after purchasing an additional 4,969 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Macquarie Infrastructure by 30.6% during the third quarter. Voloridge Investment Management LLC now owns 49,167 shares of the conglomerate’s stock valued at $1,994,000 after purchasing an additional 11,526 shares during the last quarter. Hedge funds and other institutional investors own 80.37% of the company’s stock.

Macquarie Infrastructure Company Profile (NYSE:MIC)

Macquarie Infrastructure Holdings, LLC, together with its subsidiaries, operates as an energy company that processes and distributes gas, and provides related services to corporations, government agencies, and individual customers. The company distributes and sells synthetic natural gas, liquefied petroleum gas, liquefied natural gas, and renewable natural gas to industrial, commercial, residential, hospitality, military, public sector, and wholesale users.

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