Copeland Capital Management Has Trimmed Its Stake in Allstate (ALL) by $1.44 Million; As Macquarie Infrastr Co (MIC) Share Price Declined, Shareholder Avenir Has Upped Stake

May 25, 2018 - By Clifton Ray

Macquarie Infrastructure Corporation (NYSE:MIC) Logo

Copeland Capital Management Llc decreased its stake in Allstate Corporation (ALL) by 29.4% based on its latest 2017Q4 regulatory filing with the SEC. Copeland Capital Management Llc sold 13,813 shares as the company’s stock declined 10.30% with the market. The institutional investor held 33,163 shares of the property-casualty insurers company at the end of 2017Q4, valued at $3.47M, down from 46,976 at the end of the previous reported quarter. Copeland Capital Management Llc who had been investing in Allstate Corporation for a number of months, seems to be less bullish one the $33.57 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $95.52. About 1.13M shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since May 25, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

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 $3.20 billion 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.

Avenir Corp, which manages about $1.38B and $1.08B US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 3,194 shares to 17,421 shares, valued at $20.37M in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKA) by 7 shares in the quarter, leaving it with 6 shares, and cut its stake in Markel Corp (NYSE:MKL).

More notable recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Seekingalpha.com which released: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” published on April 26, 2018, Businesswire.com published: “Robbins Arroyo LLP: Macquarie Infrastructure Corporation (MIC) Misled Shareholders According to a Recently Filed …” on April 26, 2018. More interesting news about Macquarie Infrastructure Corporation (NYSE:MIC) were released by: Businesswire.com and their article: “MIC Corrects False and Misleading Statements by Moab Capital” published on May 03, 2018 as well as Streetinsider.com‘s news article titled: “Macquarie Infrastructure (MIC) Tops Q1 EPS by 38c, Beats on Revenues” with publication date: May 03, 2018.

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. SunTrust maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Sunday, April 22 with “Hold” rating. RBC Capital Markets maintained it with “Outperform” rating and $103 target in Wednesday, November 4 report. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 16. The company was maintained on Sunday, October 29 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, February 22 by JP Morgan. RBC Capital Markets maintained it with “Outperform” rating and $108 target in Wednesday, August 5 report. RBC Capital Markets maintained the stock with “Buy” rating in Friday, February 23 report. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Overweight” rating by JP Morgan on Thursday, March 24. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 23.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It fall, 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. Sit Invest Associate Incorporated reported 0.27% in Macquarie Infrastructure Corporation (NYSE:MIC). 130,000 are owned by Caxton Assoc Limited Partnership. Yost Mgmt Lc has 77,343 shares. Nomura Asset Management Communication Limited accumulated 11,730 shares or 0.01% of the stock. Thompson Siegel Walmsley Limited Liability Company has 37,333 shares for 0.03% of their portfolio. Savings Bank Of Nova Scotia Tru has 0.03% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 4,000 shares. Davenport Co Limited Liability Com accumulated 12,207 shares. Palisade Cap Management Ltd Company Nj holds 27,000 shares or 0.06% of its portfolio. Moab Capital Ltd holds 702,199 shares or 11.36% of its portfolio. Aqr Cap Limited Liability Co has invested 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Oppenheimer Com Incorporated stated it has 73,631 shares or 0.12% of all its holdings. Exane Derivatives stated it has 78 shares. Schwab Charles Investment has invested 0.02% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Tiger Legatus Management Limited Company accumulated 700,000 shares. Grand Jean Mgmt has 92,525 shares for 1.99% of their portfolio.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on August, 7. They expect $1.60 EPS, up 15.94% or $0.22 from last year’s $1.38 per share. ALL’s profit will be $562.38M for 14.93 P/E if the $1.60 EPS becomes a reality. After $2.96 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts -45.95% negative EPS growth.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 43 investors sold ALL shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported. Pillar Pacific Cap Mgmt Limited Co has 3,489 shares. Oppenheimer & Company, New York-based fund reported 5,523 shares. Lazard Asset Mgmt Lc invested 0.02% in The Allstate Corporation (NYSE:ALL). Royal Retail Bank Of Canada invested in 720,791 shares or 0.03% of the stock. Salem Counselors accumulated 150 shares. 440 are held by Jolley Asset Ltd Liability Company. Exxonmobil Invest Mgmt Tx has invested 0.16% of its portfolio in The Allstate Corporation (NYSE:ALL). Nadler Financial Group Inc holds 0.38% or 11,820 shares. Apg Asset Mgmt Nv holds 0.65% or 4.05M shares. 374 were reported by Lenox Wealth Incorporated. Credit Agricole S A stated it has 1.33% in The Allstate Corporation (NYSE:ALL). Oakbrook Invests Ltd Liability Corp stated it has 26,815 shares or 0.18% of all its holdings. Coldstream Cap Management owns 905 shares. Rothschild Invest Il accumulated 12,996 shares or 0.15% of the stock. State Board Of Administration Of Florida Retirement Systems, Florida-based fund reported 573,734 shares.

Among 23 analysts covering The Allstate Corporation (NYSE:ALL), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. The Allstate Corporation had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, May 9 by Argus Research. Credit Suisse maintained the shares of ALL in report on Thursday, November 2 with “Neutral” rating. The firm has “Neutral” rating given on Wednesday, August 5 by Compass Point. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, April 1. On Tuesday, November 3 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was upgraded by Macquarie Research on Wednesday, August 5 to “Neutral”. As per Monday, April 3, the company rating was maintained by FBR Capital. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, August 4. On Wednesday, February 14 the stock rating was maintained by Keefe Bruyette & Woods with “Sell”. The stock of The Allstate Corporation (NYSE:ALL) earned “Buy” rating by Citigroup on Friday, February 16.

More recent The Allstate Corporation (NYSE:ALL) news were published by: Seekingalpha.com which released: “Allstate Corporation 2018 Q1 – Results – Earnings Call Slides” on May 02, 2018. Also Etfdailynews.com published the news titled: “More Gains Coming For Small Caps After Hitting New Highs? (IWM)” on May 19, 2018. Prnewswire.com‘s news article titled: “Allstate Announces Preferred Stock Dividends” with publication date: May 24, 2018 was also an interesting one.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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