Barclays PLC Has $4.46 Million Stock Holdings in MasTec, Inc. (NYSE:MTZ)

Barclays PLC raised its position in shares of MasTec, Inc. (NYSE:MTZFree Report) by 66.8% in the third quarter, HoldingsChannel.com reports. The firm owned 61,945 shares of the construction company’s stock after purchasing an additional 24,816 shares during the quarter. Barclays PLC’s holdings in MasTec were worth $4,456,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Duality Advisers LP acquired a new stake in shares of MasTec during the 3rd quarter worth approximately $3,040,000. Kennedy Capital Management LLC grew its position in shares of MasTec by 94.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 202,834 shares of the construction company’s stock worth $23,928,000 after buying an additional 98,351 shares during the period. Rhumbline Advisers grew its position in shares of MasTec by 2.7% during the 2nd 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 period. Bank of New York Mellon Corp grew its position in shares of MasTec by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 537,773 shares of the construction company’s stock worth $38,704,000 after buying an additional 5,059 shares during the period. Finally, Jump Financial LLC grew its position in shares of MasTec by 411.3% during the 3rd quarter. Jump Financial LLC now owns 12,894 shares of the construction company’s stock worth $928,000 after buying an additional 10,372 shares during the period. Institutional investors and hedge funds own 72.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MTZ shares. Robert W. Baird downgraded shares of MasTec from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $75.00 in a research report on Tuesday, January 16th. KeyCorp started coverage on shares of MasTec in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $92.00 price target for the company. Craig Hallum downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. UBS Group lifted their price target on shares of MasTec from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on shares of MasTec from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and an average target price of $94.17.

Check Out Our Latest Analysis on MasTec

MasTec Price Performance

Shares of NYSE:MTZ opened at $70.89 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $69.74 and its two-hundred day simple moving average is $74.60. MasTec, Inc. has a 1-year low of $44.65 and a 1-year high of $123.33. The stock has a market cap of $5.59 billion, a PE ratio of -112.52 and a beta of 1.57.

MasTec Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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