The Bank of Nova Scotia reduces its equity holding in Macquarie Infrastructure Holdings, LLC (NYSE:MIC)


The Bank of Nova Scotia reduced its holdings of shares in Macquarie Infrastructure Holdings, LLC (NYSE:MICGet a rating) by 64.2% in the 1st quarter, according to its last disclosure to the SEC. The fund held 54,755 shares of the conglomerate after selling 98,378 shares during the period. The Bank of Nova Scotia held about 0.06% of Macquarie Infrastructure worth $204,000 when it last filed with the SEC.

Other major investors have also recently changed their positions in the company. SG Americas Securities LLC increased its stake in Macquarie Infrastructure by 28.1% in the 1st quarter. SG Americas Securities LLC now owns 33,964 shares of the conglomerate worth $127,000 after acquiring 7,448 additional shares in the last quarter. TCW Group Inc. increased its stake in Macquarie Infrastructure by 61.2% in Q1. TCW Group Inc. now owns 263,420 shares of the conglomerate worth $983,000 after acquiring an additional 100,000 shares in the last quarter. Walleye Capital LLC acquired a new position in Macquarie Infrastructure in Q4 for a value of approximately $472,000. Forest Hill Capital LLC increased its stake in Macquarie Infrastructure by 270.5% in Q4. Forest Hill Capital LLC now owns 562,442 shares of the conglomerate worth $2,053,000 after acquiring an additional 410,642 shares in the last quarter. Finally, Avaii Wealth Management LLC bought a new position in Macquarie Infrastructure in Q4 worth around $41,000. 80.37% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts predict growth

Separately, StockNews.com launched a hedge on Macquarie Infrastructure shares in a Monday, August 15 report. They issued a “maintaining” rating for the company.

Macquarie Infrastructure Price Performance

Shares of microphone opened at $4.09 on Friday. The company has a market capitalization of $363.95 million, a PE ratio of 0.13 and a beta of 1.19. The company has a current ratio of 3.24, a quick ratio of 2.85 and a debt ratio of 0.31. The company has a fifty-day simple moving average of $4.01 and a two-hundred-day simple moving average of $3.83. Macquarie Infrastructure Holdings, LLC has a 1-year low of $3.53 and a 1-year high of $40.85.

About Macquarie Infrastructure

(Get a rating)

Macquarie Infrastructure Holdings, LLC, together with its subsidiaries, operates as an energy company that processes and distributes gas and provides related services to businesses, 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, hotel, military, public sector and wholesale users.

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Institutional ownership by quarter for Macquarie Infrastructure (NYSE:MIC)



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