Zacks Investment Research Downgrades Macquarie Infrastructure (NYSE:MIC) to Sell


The stock decreased 14.77% or $1.56 during the last trading session, reaching $9. About 9.03 million shares traded or 603.41% up from the average. Macquarie Infrastructure Corporation (NYSE:MIC) has risen 11.18% since February 24, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.

Separately, Zacks Investment Research cut Macquarie Infrastructure from a buy rating to a hold rating in a report on Saturday, November 18th. Therefore 50% are positive. According to today's trading volume Macquarie Infrastructure Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The firm has "Neutral" rating given on Thursday, February 22 by JP Morgan. Morgan Stanley downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 10 to "Equal-Weight" rating. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with "Outperform". The brokerage now has an outperform rating on the conglomerate's stock. As per Friday, November 18, the company rating was reinitiated by Wells Fargo. The company has a market capitalization of $5,379.96, a PE ratio of 17.88 and a beta of 0.87. RBC Capital Markets maintained the shares of MIC in report on Thursday, February 23 with "Outperform" rating. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Sunday, August 20.

Investors sentiment decreased to 1.46 in Q3 2017. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93.

Macquarie Infrastructure Corporation (MIC) in the last quarter reported its actual EPS of $0.43/share where the analyst estimated EPS was $0.51/share. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Macquarie Infrastructure by 27.4% in the fourth quarter. Mufg Americas Hldgs invested in 0.19% or 115,203 shares. Currently, Macquarie Infrastructure Corporation (NYSE:MIC) has an average volume of 840.84 Million. Barclays Capital maintained the shares of MIC in report on Thursday, February 23 with "Overweight" rating. Parametric Portfolio Associate Limited Com has invested 0% in Omeros Corporation (NASDAQ:OMER).

Macquarie owns, operate and invests in a diversified group of infrastructure businesses, which provide basic, everyday services, in the United States and other developed countries. State Of Wisconsin Board holds 0.02% or 97,562 shares in its portfolio.

Indus Capital Partners Llc, which manages about $7.51B and $988.47M US Long portfolio, upped its stake in Herbalife Ltd (NYSE:HLF) by 679,535 shares to 806,735 shares, valued at $54.72 million in 2017Q3, according to the filing. Sumitomo Mitsui Asset Ltd holds 0.01% in Macquarie Infrastructure Corporation (NYSE:MIC) or 5,504 shares. Soros Fund Mngmt Ltd Liability Company reported 4,500 shares. Benjamin F Edwards And Incorporated accumulated 2,566 shares or 0.02% of the stock. Davenport Co Ltd stated it has 0.02% in Omeros Corporation (NASDAQ:OMER). Shine Invest Advisory Svcs holds 0.08% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 2,127 shares. After $0.25 actual earnings per share reported by Infosys Limited for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Legal & General Gru Public Limited Liability Com stated it has 142,430 shares or 0.01% of all its holdings. JACOBSEN MICHAEL A sold 1,020 shares worth $22,899. Kelbon Marcia S. also sold $1.34 million worth of Omeros Corporation (NASDAQ:OMER) on Wednesday, January 3.

Investors sentiment decreased to 1.46 in 2017 Q3. Its up 0.01, from 0.99 in 2017Q2. It fall, as 14 investors sold FRME shares while 51 reduced holdings. 73 funds opened positions while 242 raised stakes.

In other news, Director Norman H. Brown, Jr. sold 2,151 shares of the stock in a transaction dated Tuesday, December 5th. Lenox Wealth Mgmt, a Ohio-based fund reported 230 shares. It is negative, as 13 investors sold YUME shares while 7 reduced holdings. Plante Moran Limited Liability Com stated it has 484 shares. Alliancebernstein LP reported 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Ascend Capital Ltd Liability Corp accumulated 101,098 shares or 0.28% of the stock. Point72 Asset Management LP has 227,222 shares. Parsons Mgmt Ri accumulated 58,575 shares.

D L Carlson Investment Group Inc, which manages about $483.88 million and $322.16M US Long portfolio, decreased its stake in Ishares Core Us Value (IUSV) by 21,289 shares to 30,677 shares, valued at $1.61 million in 2017Q3, according to the filing. It also reduced its holding in Quidel Corp (NASDAQ:QDEL) by 12,930 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Points Intl Ltd (NASDAQ:PCOM). Jefferies has "Buy" rating and $2800 target. Therefore 67% are positive. Infosys had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Thursday, November 2 with "Buy". The firm earned "Buy" rating on Tuesday, March 21 by Suntrust Robinson. RBC Capital Markets has "Buy" rating and $93.0 target. On Tuesday, December 12 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". National Bank Of America Corporation De has invested 0% of its portfolio in Omeros Corporation (NASDAQ:OMER).

2/22/2018-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a "Overweight " rating to a " Neutral" rating.

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