As Wells Fargo (WFC) Share Value Declined, Adams Asset Advisors Has Trimmed by $541,740 Its Stake; Macquarie Infrastruc (MIC) Holder Berson & Corrado Investment Advisors Has Raised Position by $1.32 Million as Share Value Declined

May 23, 2018 - By Marie Mckinney

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Berson & Corrado Investment Advisors Llc increased its stake in Macquarie Infrastruc (MIC) by 33.88% based on its latest 2017Q4 regulatory filing with the SEC. Berson & Corrado Investment Advisors Llc bought 20,582 shares as the company’s stock declined 42.74% with the market. The institutional investor held 81,331 shares of the oil refining and marketing company at the end of 2017Q4, valued at $5.22M, up from 60,749 at the end of the previous reported quarter. Berson & Corrado Investment Advisors Llc who had been investing in Macquarie Infrastruc for a number of months, seems to be bullish on the $3.23 billion market cap company. The stock decreased 0.08% or $0.03 during the last trading session, reaching $37.96. About 1.35 million shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 23, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Adams Asset Advisors Llc decreased its stake in Wells Fargo (WFC) by 12.77% based on its latest 2017Q4 regulatory filing with the SEC. Adams Asset Advisors Llc sold 9,029 shares as the company’s stock declined 16.98% with the market. The institutional investor held 61,682 shares of the major banks company at the end of 2017Q4, valued at $3.74 million, down from 70,711 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Wells Fargo for a number of months, seems to be less bullish one the $269.28 billion market cap company. The stock increased 1.32% or $0.72 during the last trading session, reaching $55.26. About 17.40 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 23, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.22, from 1.46 in 2017Q3. It worsened, 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. Boston Family Office Lc reported 0.08% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). 5,325 are owned by Dorsey And Whitney Co Lc. Berson & Corrado Investment Advsr Ltd Liability Company holds 3.05% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 81,331 shares. Brookstone Cap Mngmt has 0.03% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 5,301 shares. Blue Harbour Grp Limited Partnership invested in 923,911 shares or 2.11% of the stock. 684,005 were reported by Ascend Cap Limited Liability. Gargoyle Advisor Limited Co stated it has 16,327 shares. Sigma Planning Corp invested 0.02% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Capital Fund Mgmt holds 0.04% or 107,745 shares. Amp Capital Investors Limited, Australia-based fund reported 45,921 shares. 183,575 were accumulated by Tourbillon Capital Prtnrs Limited Partnership. Fred Alger Mngmt Incorporated stated it has 13,123 shares or 0% of all its holdings. Price T Rowe Assocs Inc Md reported 0% stake. Citigroup Inc reported 0% stake. Millennium Mngmt Limited Liability Corp, a New York-based fund reported 43,898 shares.

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. The rating was maintained by SunTrust with “Buy” on Thursday, November 2. As per Thursday, March 24, the company rating was maintained by JP Morgan. The rating was downgraded by Wells Fargo on Friday, February 23 to “Market Perform”. As per Sunday, April 22, the company rating was maintained by SunTrust. On Thursday, February 23 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating given on Monday, November 6 by RBC Capital Markets. On Thursday, February 22 the stock rating was downgraded by SunTrust to “Hold”. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Wednesday, November 2. RBC Capital Markets has “Outperform” rating and $98 target. RBC Capital Markets maintained the shares of MIC in report on Wednesday, August 5 with “Outperform” rating. The firm has “Buy” rating given on Sunday, August 20 by RBC Capital Markets.

Berson & Corrado Investment Advisors Llc, which manages about $396.59 million and $171.11M US Long portfolio, decreased its stake in Pitney Bowes Inc (NYSE:PBI) by 218,894 shares to 27,240 shares, valued at $305,000 in 2017Q4, according to the filing. It also reduced its holding in Two Harbors Investment (NYSE:TWO) by 36,347 shares in the quarter, leaving it with 28,273 shares, and cut its stake in General Electric Company (NYSE:GE).

More notable recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Globenewswire.com which released: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on April 26, 2018, also Seekingalpha.com with their article: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018, Businesswire.com published: “All Six MIC Directors Reelected at Annual Meeting of Stockholders” on May 16, 2018. More interesting news about Macquarie Infrastructure Corporation (NYSE:MIC) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” published on April 28, 2018 as well as Digitaljournal.com‘s news article titled: “MIC INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Macquarie …” with publication date: May 22, 2018.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Coldstream Mgmt owns 20,504 shares or 0.13% of their US portfolio. Trustmark Commercial Bank Tru Department has 61,487 shares for 0.41% of their portfolio. M Secs holds 7,398 shares. Horizon Llc reported 0.09% stake. 155,340 are owned by Community Trust And. Sageworth Tru accumulated 75 shares. Budros Ruhlin & Roe reported 24,829 shares. Ontario Teachers Pension Plan Board owns 0.23% invested in Wells Fargo & Company (NYSE:WFC) for 302,319 shares. Webster Commercial Bank N A stated it has 0.24% of its portfolio in Wells Fargo & Company (NYSE:WFC). Tiaa Cref Invest Mgmt Ltd has invested 0.67% in Wells Fargo & Company (NYSE:WFC). Tru Of Toledo Na Oh owns 1.29% invested in Wells Fargo & Company (NYSE:WFC) for 85,758 shares. Counsel holds 15,526 shares or 0.39% of its portfolio. Orrstown Fincl invested in 119 shares. Public Sector Pension Investment Board has invested 0.98% in Wells Fargo & Company (NYSE:WFC). Bright Rock Llc accumulated 174,215 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Monday, October 17 report. On Tuesday, September 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. S&P Research maintained it with “Buy” rating and $62 target in Thursday, August 13 report. Goldman Sachs upgraded Wells Fargo & Company (NYSE:WFC) on Thursday, January 4 to “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. RBC Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, June 22. RBC Capital Markets has “Buy” rating and $6000 target. The firm has “Hold” rating by Jefferies given on Sunday, April 15. Sandler O’Neill maintained Wells Fargo & Company (NYSE:WFC) rating on Wednesday, April 12. Sandler O’Neill has “Hold” rating and $59 target. The firm earned “Neutral” rating on Tuesday, April 11 by Piper Jaffray. The rating was downgraded by Keefe Bruyette & Woods to “Hold” on Monday, February 5.

Adams Asset Advisors Llc, which manages about $828.72M and $812.76 million US Long portfolio, upped its stake in At&T by 14,557 shares to 178,809 shares, valued at $6.95M in 2017Q4, according to the filing. It also increased its holding in Plains All American Pipelinelp (NYSE:PAA) by 30,709 shares in the quarter, for a total of 215,321 shares, and has risen its stake in Nustar Energy (NYSE:NS).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018, also Bizjournals.com with their article: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” published on May 07, 2018, Seekingalpha.com published: “Wells Fargo And Loan Demand” on May 17, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Which KC-area public company faced the most litigation costs in 2017?” published on May 22, 2018 as well as 247Wallst.com‘s news article titled: “Wells Fargo’s Tim Sloan Remains One of America’s Worst CEOs” with publication date: May 05, 2018.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.33 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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