ExodusPoint Capital Management LP Has $15.37 Million Stake in MasTec, Inc. (NYSE:MTZ)

ExodusPoint Capital Management LP decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 43.0% during the second quarter, Holdings Channel.com reports. The firm owned 130,285 shares of the construction company’s stock after selling 98,299 shares during the period. ExodusPoint Capital Management LP’s holdings in MasTec were worth $15,370,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of MasTec by 61.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,157 shares of the construction company’s stock valued at $3,131,000 after purchasing an additional 12,602 shares during the period. SG Americas Securities LLC increased its holdings in MasTec by 41.7% in the second quarter. SG Americas Securities LLC now owns 21,616 shares of the construction company’s stock worth $2,550,000 after buying an additional 6,360 shares during the last quarter. Rhumbline Advisers increased its holdings in MasTec by 2.7% in the second quarter. Rhumbline Advisers now owns 192,882 shares of the construction company’s stock worth $22,754,000 after buying an additional 5,149 shares during the last quarter. Candriam S.C.A. increased its holdings in MasTec by 0.9% in the first quarter. Candriam S.C.A. now owns 540,737 shares of the construction company’s stock worth $47,004,000 after buying an additional 5,033 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC acquired a new position in MasTec in the second quarter worth approximately $206,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

MasTec Trading Up 0.8 %

NYSE:MTZ opened at $55.40 on Tuesday. MasTec, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $123.33. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.44 and a quick ratio of 1.39. The stock has a market capitalization of $4.37 billion, a PE ratio of -87.22 and a beta of 1.56. The business’s 50-day simple moving average is $65.58 and its 200-day simple moving average is $90.91.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.96). MasTec had a negative net margin of 0.40% and a positive return on equity of 5.86%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sell-side analysts expect that MasTec, Inc. will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on MTZ shares. Craig Hallum downgraded MasTec from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Robert W. Baird reduced their price objective on MasTec from $125.00 to $116.00 in a research report on Monday, August 7th. Credit Suisse Group upped their target price on MasTec from $118.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. B. Riley cut their target price on MasTec from $138.00 to $129.00 in a research note on Monday, August 7th. Finally, The Goldman Sachs Group lowered MasTec from a “buy” rating to a “neutral” rating and cut their target price for the company from $119.00 to $54.00 in a research note on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average price target of $101.46.

Insider Activity at MasTec

In other MasTec news, CAO Timothy Michael Love sold 1,095 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $71.46, for a total transaction of $78,248.70. Following the transaction, the chief accounting officer now owns 10,525 shares of the company’s stock, valued at approximately $752,116.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MasTec news, CAO Timothy Michael Love sold 1,095 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $71.46, for a total transaction of $78,248.70. Following the transaction, the chief accounting officer now owns 10,525 shares of the company’s stock, valued at approximately $752,116.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul Dimarco sold 1,332 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $71.35, for a total value of $95,038.20. Following the transaction, the chief financial officer now directly owns 16,620 shares in the company, valued at approximately $1,185,837. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

MasTec Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.