Today, a Director at Macquarie Infrastructure Company (NYSE: MIC), Henry Lentz, bought shares of MIC for $114.9K.
Following Henry Lentz’s last MIC Buy transaction on August 24, 2011, the stock climbed by 31.0%. This recent transaction increases Henry Lentz’s holding in the company by 8.48% to a total of $1.47 million.
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Based on Macquarie Infrastructure Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $478 million and quarterly net profit of $38.37 million. In comparison, last year the company earned revenue of $439 million and had a net profit of $26.02 million. MIC’s market cap is $3.91B and the company has a P/E ratio of 8.16. Currently, Macquarie Infrastructure Company has an average volume of 713.8K.
Eight different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $51.25, reflecting a -10.3% downside.
Henry Lentz’s trades have generated a 37.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Macquarie Infrastructure Corp. engages in the ownership, operation and growth of portfolio of infrastructure and infrastructure-like businesses with the aim of producing an attractive risk. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii.
