Kempner Capital Management Decreased Its Holding in Rio Tinto Plc (RIO) by $1.22 Million; As Macquarie Infrastructure Cor (MIC) Share Price Declined, Shareholder M&T Bank Has Trimmed Its Holding by $14.72 Million

April 20, 2018 - By Linda Rogers

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Kempner Capital Management Inc decreased its stake in Rio Tinto Plc (RIO) by 62.81% based on its latest 2017Q4 regulatory filing with the SEC. Kempner Capital Management Inc sold 23,425 shares as the company’s stock declined 0.78% with the market. The institutional investor held 13,871 shares of the precious metals company at the end of 2017Q4, valued at $734,000, down from 37,296 at the end of the previous reported quarter. Kempner Capital Management Inc who had been investing in Rio Tinto Plc for a number of months, seems to be less bullish one the $95.62 billion market cap company. The stock decreased 0.51% or $0.29 during the last trading session, reaching $56.56. About 2.67M shares traded. Rio Tinto plc (NYSE:RIO) has risen 26.00% since April 20, 2017 and is uptrending. It has outperformed by 14.45% the S&P500.

M&T Bank Corp decreased its stake in Macquarie Infrastructure Cor (MIC) by 76.97% based on its latest 2017Q4 regulatory filing with the SEC. M&T Bank Corp sold 229,948 shares as the company’s stock declined 42.74% with the market. The institutional investor held 68,808 shares of the oil refining and marketing company at the end of 2017Q4, valued at $4.42 million, down from 298,756 at the end of the previous reported quarter. M&T Bank Corp who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be less bullish one the $3.33 billion market cap company. The stock decreased 1.48% or $0.59 during the last trading session, reaching $39.21. About 889,747 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.

Analysts await Macquarie Infrastructure Corporation (NYSE:MIC) to report earnings on May, 2 after the close. They expect $0.61 earnings per share, up 38.64% or $0.17 from last year’s $0.44 per share. MIC’s profit will be $51.79M for 16.07 P/E if the $0.61 EPS becomes a reality. After $0.59 actual earnings per share reported by Macquarie Infrastructure Corporation for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

M&T Bank Corp, which manages about $19.08B US Long portfolio, upped its stake in American Express Co (NYSE:AXP) by 244,883 shares to 244,886 shares, valued at $24.32M in 2017Q4, according to the filing. It also increased its holding in Cummins Inc (NYSE:CMI) by 15,639 shares in the quarter, for a total of 210,846 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It is 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. Country Club Trust Na, a Missouri-based fund reported 70,221 shares. Twin Tree LP holds 0% or 6,938 shares in its portfolio. Trellus Mngmt Ltd reported 1.75% stake. Tourbillon Cap Prtnrs Limited Partnership holds 183,575 shares or 0.44% of its portfolio. State Of New Jersey Common Pension Fund D accumulated 390,000 shares or 0.09% of the stock. Suntrust Banks has 65,466 shares for 0.02% of their portfolio. Amalgamated Bank holds 0.03% or 15,348 shares. First Mercantile Tru Company stated it has 0.23% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Westpac Banking holds 0.01% or 7,541 shares in its portfolio. Gamco Investors Et Al invested in 680,504 shares. Ascend Ltd Liability invested 1.65% in Macquarie Infrastructure Corporation (NYSE:MIC). Fmr Lc reported 124,400 shares stake. Cutler Capital Management, a Massachusetts-based fund reported 20,500 shares. Grand Jean Mngmt Inc owns 92,525 shares. Wespac Limited Liability Com holds 9,554 shares or 0.57% of its portfolio.

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. On Thursday, March 24 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. SunTrust maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Thursday, November 2. SunTrust has “Buy” rating and $96.0 target. On Thursday, February 23 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. Barclays Capital maintained the stock with “Overweight” rating in Thursday, February 23 report. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets on Monday, November 6. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $93.0 target. The firm earned “Buy” rating on Friday, February 23 by RBC Capital Markets.

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