Cutler Capital Management Has Upped Its Macquarie Infra (MIC) Stake by $979,200; Share Price Declined; Oceanic Investment Management LTD Has Trimmed Its Teekay Lng Partners LP (TGP) Stake by $2.24 Million

April 20, 2018 - By Michael Collier

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Oceanic Investment Management Ltd decreased its stake in Teekay Lng Partners LP (TGP) by 19.27% based on its latest 2017Q4 regulatory filing with the SEC. Oceanic Investment Management Ltd sold 112,020 shares as the company’s stock declined 11.22% with the market. The hedge fund held 469,180 shares of the marine transportation company at the end of 2017Q4, valued at $9.45M, down from 581,200 at the end of the previous reported quarter. Oceanic Investment Management Ltd who had been investing in Teekay Lng Partners LP for a number of months, seems to be less bullish one the $1.49 billion market cap company. The stock increased 0.81% or $0.15 during the last trading session, reaching $18.7. About 44,402 shares traded. Teekay LNG Partners L.P. (NYSE:TGP) has risen 6.59% since April 20, 2017 and is uptrending. It has underperformed by 4.96% the S&P500.

Cutler Capital Management Llc increased its stake in Macquarie Infra (MIC) by 294.23% based on its latest 2017Q4 regulatory filing with the SEC. Cutler Capital Management Llc bought 15,300 shares as the company’s stock declined 42.74% with the market. The institutional investor held 20,500 shares of the oil refining and marketing company at the end of 2017Q4, valued at $1.32 million, up from 5,200 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Macquarie Infra for a number of months, seems to be bullish on the $3.29 billion market cap company. The stock decreased 1.10% or $0.43 during the last trading session, reaching $38.78. About 226,197 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since April 20, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.22, from 1.46 in 2017Q3. It turned negative, as 40 investors sold MIC shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported. 10 holds 7,575 shares. Alps Advsrs owns 160,893 shares for 0.07% of their portfolio. Meiji Yasuda Life invested 0.06% in Macquarie Infrastructure Corporation (NYSE:MIC). Cls Invests Ltd Liability Corporation holds 0.01% or 5,744 shares in its portfolio. Ubs Asset Mngmt Americas Incorporated owns 269,254 shares. Visionary Asset Mngmt holds 0.08% or 4,241 shares in its portfolio. Balyasny Asset Mgmt Ltd Liability Corporation has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 14,020 shares. Td Asset holds 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 20,951 shares. Moreover, Robeco Institutional Asset Mngmt Bv has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Morgan Stanley reported 725,202 shares. Dorsey & Whitney Trust Ltd Company stated it has 5,325 shares. Utd Cap Advisers Limited Liability has 266,715 shares for 0.14% of their portfolio. Ls Inv Advsr Limited Liability Corp invested in 2,908 shares. Illinois-based Brookstone Management has invested 0.03% in Macquarie Infrastructure Corporation (NYSE:MIC). Bluecrest Mgmt reported 6,009 shares.

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure had 24 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Tuesday, January 16 with “Buy” rating. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Market Perform” rating by Wells Fargo on Friday, February 23. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. The firm earned “Buy” rating on Sunday, October 29 by RBC Capital Markets. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 2. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Hold” rating by SunTrust on Thursday, February 22. The firm has “Outperform” rating by Wells Fargo given on Friday, November 18. JP Morgan maintained the shares of MIC in report on Thursday, March 24 with “Overweight” rating. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”.

Cutler Capital Management Llc, which manages about $356.71 million and $252.44M US Long portfolio, decreased its stake in Eqt Corp by 76,500 shares to 8,500 shares, valued at $484,000 in 2017Q4, according to the filing.

Among 9 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Teekay LNG Partners L.P. had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, October 12. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Hold”. The rating was maintained by Jefferies on Monday, July 3 with “Hold”. As per Tuesday, June 14, the company rating was maintained by UBS. Stifel Nicolaus maintained it with “Hold” rating and $16.0 target in Thursday, September 7 report. The firm has “Hold” rating by Jefferies given on Friday, August 4. Jefferies initiated Teekay LNG Partners L.P. (NYSE:TGP) on Tuesday, September 13 with “Hold” rating. The rating was initiated by Jefferies with “Hold” on Monday, December 18. Zacks downgraded Teekay LNG Partners L.P. (NYSE:TGP) on Thursday, August 6 to “Hold” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, February 12.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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