New Mountain Vantage Advisers Raised Its Stake in Macquarie Infrastructure Cor (MIC) as Market Valuation Declined; Time Warner (TWX) Share Value Rose While Meru Capital Group LP Has Decreased Its Holding

January 13, 2018 - By Peter Kolinski

Steven B. Klinsky increased its stake in Macquarie Infrastructure Cor (MIC) by 20.32% based on its latest 2017Q3 regulatory filing with the SEC. New Mountain Vantage Advisers Llc bought 85,857 shares as the company’s stock declined 1.43% while stock markets rallied. The hedge fund run by Steven B. Klinsky held 508,424 shares of the oil refining and marketing company at the end of 2017Q3, valued at $36.70 million, up from 422,567 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be bullish on the $5.50 billion market cap company. The stock decreased 1.41% or $0.93 during the last trading session, reaching $64.99. About 1.14 million shares traded or 38.12% up from the average. Macquarie Infrastructure Corporation (NYSE:MIC) has risen 11.18% since January 13, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.

Guru Ramakrishnan decreased its stake in Time Warner Inc (TWX) by 14.29% based on its latest 2017Q3 regulatory filing with the SEC. Meru Capital Group Lp sold 10,000 shares as the company’s stock rose 1.19% with the market. The hedge fund run by Guru Ramakrishnan held 60,000 shares of the television services company at the end of 2017Q3, valued at $6.15 million, down from 70,000 at the end of the previous reported quarter. Meru Capital Group Lp who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $71.67 billion market cap company. The stock increased 0.17% or $0.16 during the last trading session, reaching $92.05. About 3.07M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 13, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

New Mountain Vantage Advisers Llc, which manages about $2.44B and $1.30 billion US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 151,504 shares to 1.14M shares, valued at $55.86 million in 2017Q3, according to the filing. It also reduced its holding in F M C Corp (NYSE:FMC) by 164,256 shares in the quarter, leaving it with 354,239 shares, and cut its stake in Universal Hlth Svcs Inc (Call) (NYSE:UHS).

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. MacQuarie Infrastructure had 18 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Thursday, March 24 with “Overweight” rating. The company was maintained on Monday, November 6 by RBC Capital Markets. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $108 target. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Sunday, August 20 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Sunday, October 29. As per Thursday, November 2, the company rating was maintained by SunTrust. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Outperform” rating by Wells Fargo on Friday, November 18. RBC Capital Markets maintained the shares of MIC in report on Wednesday, November 2 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 18.

Investors sentiment decreased to 1.46 in 2017 Q3. Its down 0.07, from 1.53 in 2017Q2. It worsened, as 30 investors sold MIC shares while 91 reduced holdings. 52 funds opened positions while 125 raised stakes. 63.11 million shares or 4.68% less from 66.21 million shares in 2017Q2 were reported. State Of Wisconsin Board owns 97,562 shares. Vident Invest Advisory Limited Liability stated it has 0.02% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Atlantic Gp Inc Ltd Co, a Georgia-based fund reported 799,259 shares. Innovations Ltd holds 1.33% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 7,620 shares. Knott David M has 0.38% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Miller Howard Invs Ny stated it has 151,113 shares. Rmb Capital Limited Liability Corporation holds 236,329 shares or 0.44% of its portfolio. Ohio-based Fifth Third Bancorporation has invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Moreover, Northern Trust has 0.01% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 465,692 shares. Wells Fargo & Mn, California-based fund reported 499,425 shares. Deroy & Devereaux Private Inv Counsel owns 4,600 shares for 0.04% of their portfolio. 60 were accumulated by Carroll Fincl Associate. Natl Bank Of Mellon reported 705,361 shares or 0.01% of all its holdings. Dubuque National Bank Trust Company accumulated 87 shares. Ahl Prtn Limited Liability Partnership holds 0% or 3,836 shares.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs downgraded Time Warner Inc. (NYSE:TWX) on Monday, October 24 to “Neutral” rating. The firm has “Outperform” rating by Wedbush given on Friday, February 12. The firm earned “Hold” rating on Thursday, March 2 by Loop Capital. The stock of Time Warner Inc. (NYSE:TWX) has “Outperform” rating given on Thursday, November 5 by Credit Agricole. The company was downgraded on Thursday, August 3 by Jefferies. Jefferies maintained Time Warner Inc. (NYSE:TWX) on Tuesday, May 23 with “Buy” rating. The stock of Time Warner Inc. (NYSE:TWX) earned “Sector Weight” rating by Pacific Crest on Monday, May 2. UBS maintained the stock with “Buy” rating in Thursday, August 4 report. On Thursday, November 5 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating by S&P Research given on Thursday, August 6.

Since December 14, 2017, it had 0 insider purchases, and 1 insider sale for $2.11 million activity.

Meru Capital Group Lp, which manages about $798.95 million and $32.97M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 22,500 shares to 32,500 shares, valued at $5.01 million in 2017Q3, according to the filing.

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