As Macquarie Infrastr Co (MIC) Shares Declined, Avenir Lifted Position; Cumberland Partners LTD Lifted Its Position in Starbucks (SBUX) as Share Value Rose

April 17, 2018 - By William Brooks

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Avenir Corp increased its stake in Macquarie Infrastr Co Llc (MIC) by 12.55% based on its latest 2017Q4 regulatory filing with the SEC. Avenir Corp bought 10,815 shares as the company’s stock declined 42.74% with the market. The institutional investor held 96,984 shares of the oil refining and marketing company at the end of 2017Q4, valued at $6.23 million, up from 86,169 at the end of the previous reported quarter. Avenir Corp who had been investing in Macquarie Infrastr Co Llc for a number of months, seems to be bullish on the $3.32 billion market cap company. The stock increased 2.17% or $0.83 during the last trading session, reaching $39.12. About 1.58 million shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since April 17, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Andrew Wallach increased its stake in Starbucks Corp (SBUX) by 74.53% based on its latest 2017Q4 regulatory filing with the SEC. Cumberland Partners Ltd bought 20,030 shares as the company’s stock rose 0.28% while stock markets declined. The hedge fund run by Andrew Wallach held 46,905 shares of the restaurants company at the end of 2017Q4, valued at $2.69M, up from 26,875 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $83.54B market cap company. The stock increased 0.32% or $0.19 during the last trading session, reaching $59.43. About 5.70 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 17, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 105 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained the shares of SBUX in report on Friday, July 24 with “Buy” rating. The firm earned “Buy” rating on Wednesday, November 15 by UBS. On Thursday, January 25 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Neutral” rating given on Wednesday, June 14 by Wedbush. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Wednesday, October 19 with “Outperform” rating. The rating was maintained by Nomura with “Buy” on Friday, November 3. The company was maintained on Tuesday, January 2 by Robert W. Baird. Bernstein maintained the shares of SBUX in report on Friday, June 16 with “Buy” rating. The firm earned “Buy” rating on Monday, June 5 by Robert W. Baird. UBS maintained it with “Buy” rating and $7000 target in Wednesday, June 28 report.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It improved, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Trust Of Toledo Na Oh accumulated 23,184 shares. 13,706 are held by Orrstown Financial Ser. Marietta Investment Prtnrs Ltd Llc owns 16,328 shares or 0.27% of their US portfolio. 194,370 are held by Jennison Associate Ltd. Moreover, Utd Svcs Automobile Association has 0.14% invested in Starbucks Corporation (NASDAQ:SBUX). Covington Investment Advisors owns 56,035 shares for 1.1% of their portfolio. Peloton Wealth Strategists reported 61,250 shares. Brick & Kyle holds 0.18% or 3,791 shares in its portfolio. Capital Advisors Limited Limited Liability Co invested in 300 shares. Halsey Associates Ct accumulated 135,171 shares. Drw Securities Lc holds 0.12% in Starbucks Corporation (NASDAQ:SBUX) or 19,944 shares. Mercer Cap Advisers stated it has 0.52% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Lee Danner & Bass Inc has invested 0.37% in Starbucks Corporation (NASDAQ:SBUX). Alexandria Ltd holds 67,420 shares or 0.56% of its portfolio. New England Rech And Mngmt stated it has 18,500 shares or 0.76% of all its holdings.

Since January 31, 2018, it had 0 insider buys, and 3 sales for $13.62 million activity. $3.60 million worth of stock was sold by WEATHERUP CRAIG on Tuesday, March 13. 162,826 Starbucks Corporation (NASDAQ:SBUX) shares with value of $9.28M were sold by BURROWS CLIFFORD.

Cumberland Partners Ltd, which manages about $759.83 million US Long portfolio, decreased its stake in Metlife Inc (NYSE:MET) by 72,150 shares to 217,000 shares, valued at $10.97 million in 2017Q4, according to the filing. It also reduced its holding in Agrium Inc (NYSE:AGU) by 4,260 shares in the quarter, leaving it with 233,070 shares, and cut its stake in Enbridge Inc (NYSE:ENB).

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. The rating was downgraded by SunTrust to “Hold” on Thursday, February 22. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”. The firm has “Outperform” rating by Wells Fargo given on Friday, November 18. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Neutral” rating given on Thursday, February 22 by JP Morgan. The firm earned “Buy” rating on Monday, September 25 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $103 target in Wednesday, November 4 report. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $55.0 target in Friday, February 23 report. As per Sunday, August 20, the company rating was maintained by RBC Capital Markets.

Avenir Corp, which manages about $1.38 billion and $1.08 billion US Long portfolio, decreased its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 156,269 shares to 1.50 million shares, valued at $55.26M in 2017Q4, according to the filing. It also reduced its holding in Kinder Morgan Inc (NYSE:KMI) by 634,822 shares in the quarter, leaving it with 1.04M shares, and cut its stake in Berkshire Hathaway Inc Del (BRKA).

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It dived, 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. Ny State Common Retirement Fund owns 173,600 shares for 0.01% of their portfolio. Hightower Advsr Limited Com reported 0.02% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Whittier Trust Of Nevada Inc holds 3,358 shares or 0.02% of its portfolio. Overbrook Mgmt stated it has 3.62% in Macquarie Infrastructure Corporation (NYSE:MIC). Raymond James Fin Advsrs invested in 0% or 7,826 shares. Bluecrest Cap accumulated 6,009 shares or 0.01% of the stock. Tiger Legatus Capital Management Limited Company invested in 17% or 700,000 shares. Nomura Asset Ltd owns 11,730 shares for 0.01% of their portfolio. Lpl Financial Limited accumulated 30,910 shares. Tcw Gp invested 0.01% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Natl Bank Of Nova Scotia Tru owns 4,000 shares. Cohen Steers invested in 1.15 million shares. Gabelli Funds Ltd Co holds 798,400 shares. 3,211 are held by Sigma Planning. Robeco Institutional Asset Bv reported 1,598 shares.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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By1 William Brooks

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