Macquarie Infrastructure Cor (MIC) Market Valuation Declined While Tiger Legatus Capital Management Increased Its Stake; Cdn Imperial Bk Comm Toronto (CM) Shareholder Causeway Capital Management Has Increased Position

May 25, 2018 - By Dolores Ford

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Jesse Ro increased its stake in Macquarie Infrastructure Cor (MIC) by 25.45% based on its latest 2017Q4 regulatory filing with the SEC. Tiger Legatus Capital Management Llc bought 142,000 shares as the company’s stock declined 42.74% with the market. The hedge fund run by Jesse Ro held 700,000 shares of the oil refining and marketing company at the end of 2017Q4, valued at $44.94 million, up from 558,000 at the end of the previous reported quarter. Tiger Legatus Capital Management Llc who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be bullish on the $3.20B market cap company. The stock decreased 1.23% or $0.47 during the last trading session, reaching $37.59. About 860,539 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 25, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Causeway Capital Management Llc increased its stake in Cdn Imperial Bk Comm Toronto (CM) by 200.73% based on its latest 2017Q4 regulatory filing with the SEC. Causeway Capital Management Llc bought 996,040 shares as the company’s stock declined 9.42% with the market. The institutional investor held 1.49M shares of the commercial banks company at the end of 2017Q4, valued at $145.36 million, up from 496,210 at the end of the previous reported quarter. Causeway Capital Management Llc who had been investing in Cdn Imperial Bk Comm Toronto for a number of months, seems to be bullish on the $39.93 billion market cap company. The stock decreased 0.29% or $0.26 during the last trading session, reaching $89.3. About 357,630 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since May 25, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Causeway Capital Management Llc, which manages about $27.14 billion and $9.43 billion US Long portfolio, decreased its stake in Lilly Eli & Co (NYSE:LLY) by 127,928 shares to 2.88 million shares, valued at $243.25 million in 2017Q4, according to the filing. It also reduced its holding in Cnooc Ltd (NYSE:CEO) by 53,703 shares in the quarter, leaving it with 103,095 shares, and cut its stake in Yy Inc (NASDAQ:YY).

More important recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Seekingalpha.com which released: “Bert’s April Dividend Income Summary” on May 13, 2018, also Fool.ca published article titled: “Where Investors Can Find the Best Dividend-Paying Bank”, Benzinga.com published: “Earnings Scheduled For May 23, 2018” on May 23, 2018. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) was released by: Seekingalpha.com and their article: “CIBC plans to buy back up to 9M shares; FQ2 mortgage growth slows” with publication date: May 23, 2018.

Among 15 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Canadian Imperial Bank Of Commerce had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, December 19. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 24. The rating was upgraded by Credit Suisse on Thursday, August 27 to “Underperform”. As per Wednesday, October 25, the company rating was downgraded by Citigroup. The rating was upgraded by Credit Suisse on Monday, August 31 to “Underperform”. Zacks upgraded the shares of CM in report on Monday, September 21 to “Hold” rating. Dundee Securities initiated the stock with “Buy” rating in Wednesday, September 21 report. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Neutral” rating given on Friday, December 4 by Macquarie Research. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) earned “Underperform” rating by Bank of America on Tuesday, November 1. On Thursday, December 3 the stock rating was downgraded by TD Securities to “Hold”.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It dropped, 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. Teacher Retirement Sys Of Texas reported 218,188 shares. 11,790 are held by Conning Incorporated. Renaissance Ltd Limited Liability Company accumulated 0.06% or 822,800 shares. State Of Alaska Department Of Revenue reported 4,600 shares. Quantitative Systematic Strategies Limited Liability Company, a Connecticut-based fund reported 11,479 shares. 580 are held by Stratos Wealth Prns Ltd. San Francisco Sentry Inv Gru (Ca) holds 0.05% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 2,766 shares. Moreover, 10 has 0.12% invested in Macquarie Infrastructure Corporation (NYSE:MIC). First Tru Advisors Ltd Partnership reported 0.03% in Macquarie Infrastructure Corporation (NYSE:MIC). Hood River Management Limited Liability Corporation has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 269 shares. Archer Capital Mgmt Limited Partnership invested in 7.69% or 310,741 shares. California-based Lpl Financial Ltd Liability Company has invested 0.01% in Macquarie Infrastructure Corporation (NYSE:MIC). Moreover, Quantbot Tech Lp has 0.06% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 10,366 shares. The North Carolina-based First Personal Svcs has invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Zurcher Kantonalbank (Zurich Cantonalbank) reported 22,708 shares stake.

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure had 25 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan downgraded the shares of MIC in report on Thursday, February 22 to “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Monday, November 6. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The stock has “Buy” rating by SunTrust on Thursday, November 2. JP Morgan maintained the shares of MIC in report on Thursday, March 24 with “Overweight” rating. Wells Fargo downgraded Macquarie Infrastructure Corporation (NYSE:MIC) on Friday, February 23 to “Market Perform” rating. As per Thursday, February 22, the company rating was downgraded by SunTrust. The firm has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Monday, September 25 with “Buy” rating. Barclays Capital maintained the shares of MIC in report on Thursday, February 23 with “Overweight” rating.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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