Macquarie Infrastructure Corporation (NYSE:MIC) was in 38 hedge funds' portfolios at the end of June. Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses. [9][10], International-Matex Tank Terminals (IMTT), founded in 1939 and based in New Orleans, Louisiana, is the owner of the largest bulk storage terminal businesses in the United States. MIC Level Strategy [11] The company also provides support services, such as design, procurement, and construction management of retrofit and grassroots facilities in petrochemical and chemical storage facilities; inventory management; tank leasing; packaging; and heating, blending, and product services. Macquarie Infrastructure Corporation. Prior performance is not a reliable indicator of future results. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. The company traded shares of 786896 on the trading day while its three month average volume stands at 740.89 Million. It is the sole franchised gas utility provider in the state of Hawaii. You may submit your concern anonymously or confidentially by postal mail. [5], On January 28, 2010, Macquarie Infrastructure Corporation announced that its airport parking business, Parking Corporation of America Airports (PCAA), had entered into an asset purchase agreement with Bainbridge ZKS - Corinthian Holdings, LLC. Macquarie Korea Infrastructure Fund (KRX:088980) South Korea’s leading infrastructure fund – managing the largest portfolio of toll roads in Asia. Macquarie Infrastructure Corporation [NYSE: MIC] surged by $0.54 during the normal trading session on Wednesday and reaching a high of $26.94 during the day while it closed the day at $26.89. Macquarie Infrastructure Corporation (MIC) Earnings and Revenue Records. Our call today is being webcast and is open to the media. MIC is an open-ended New York Stock Exchange listed company and its shares trade under the ticker "MIC". MIC is managed by Macquarie Infrastruct… Macquarie Infrastructure Corporation (MIC) full year performance was -40.19%. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Macquarie Infrastructure Corporation (NYSE: MIC) from February 22, 2016 through February 21, 2018, both dates inclusive. The company is headquartered in New York City. [2], The company took its name from Macquarie Bank, which took its name from Lachlan Macquarie, who was Governor of New South Wales. The forward-looking events discussed may not occur. Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the U.S. MIC owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the U.S. A provider of bulk liquid terminalling to third parties, A provider of jet fuel, terminal and hangaring services to general aviation, A portfolio of energy production and distribution businesses in Hawaii. Any reproduction, in whole or in part, without the prior written consent of MIC is prohibited. On January 11, 2006, the AvPorts division was merged into the Atlantic division. Learn more. Shares of Macquarie Infrastructure Corporation (NYSE:MIC) are down 25.8% at 12:28 p.m. on April 3, following the after-hours announcement yesterday that the company was suspending its dividend due to severely reduced demand for aviation fuel and energy services at two of its three main businesses. Macquarie Infrastructure Corporation LLC (NYSE:MIC) owns, operates and invests in a diversified group of infrastructure businesses in the United States It contains forward-looking statements. [3], On December 16, 2004 the company went public as Macquarie Infrastructure Company Trust: it sold 26 million shares at $25 a piece and collected $665 million.[4]. The company is headquartered in New York City. MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). The company has a market capitalization of $2.63 Billion. Macquarie Infrastructure Corporation (MIC) MIC owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the U.S. … Further information can be found on this website or by contacting us. This site may contain links to other websites operated or owned by entities that are not controlled or owned by Macquarie Group (Macquarie). Performance wise the shares of Macquarie Infrastructure Corporation (NYSE:MIC) rose up 9.54% for the week, it also rise 8.47% for the monthly performance, while for the quarter it went up -3.1%. Macquarie Infrastructure Corporation stock has also gained 2.24% of its value over the past 7 days. It is proprietary and all rights are reserved. MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the U.S. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. MIC is a Delaware corporation formed on May 21, 2015. Macquarie Infrastructure Corporation (NYSE:MIC) is not the most popular stock in this group but hedge fund interest is still above average. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Macquarie Group Limited and its related corporations are not otherwise currently authorized to accept deposits or conduct banking business in any other jurisdiction. This information is a general description of Macquarie Infrastructure Corporation (MIC). It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument. In addition, IMTT offers intra-company rail service flexible blending and transfer, customer waterfront, economical heating, petroleum reserve, and drum filling services. A high-level overview of Macquarie Infrastructure Corporation (MIC) stock. [2], Atlantic Aviation is a wholly owned and operated subsidiary of Macquarie Infrastructure Corporation. Global law firm White & Case LLP has advised Macquarie Infrastructure Corporation in connection with its sale of International-Matex Tank Terminals to Riverstone Holdings LLC for a total consideration of US$2.685 billion, subject to customary closing adjustments. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. It is an aviation services company that operates a chain of Fixed-Base Operator facilities across the United States. It is headquartered in Plano, Texas. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. View today's stock price, news and analysis for Macquarie Infrastructure Corp. (MIC). No results message:Displayed when filters returns no results. [6], On May 21, 2015, membership interests in Macquarie Infrastructure Company LLC were exchanged, one for one, for shares of Macquarie Infrastructure Corporation as a result of the conversion of the Company from a Delaware limited liability company to a Delaware corporation. Macquarie's logo is a stylized version of Holey dollar coin. Macquarie Infrastructure Corporation (NYSE:MIC) Q3 2020 Results Earnings Conference Call November 09, 2020, 08:00 AM ET Company Participants Jay Davis - … Macquarie Infrastructure Corporation is organized as a Delaware corporation. Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation. Learn about MIC Leadership Macquarie Infrastructure Corporation (MIC) full year performance was -31.90%. It is based on information generally available to the public and does not contain any material, nonpublic information. Find the latest Institutional Holdings data for Macquarie Infrastructure Corporation Common Stock (MIC) at Nasdaq.com. Macquarie Infrastructure and Real Assets (MIRA) is one of the world's leading alternative asset managers, specialising in infrastructure and renewables, real estate, agriculture, transportation finance and private credit via public and private funds, co-investments, … Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses. A Texas based company, providing support to the Macquarie Infrastructure Corporation (MIC) portfolio families. MIC | Complete Macquarie Infrastructure Corp. stock news by MarketWatch. MIC expressly disclaims the adoption or endorsement of any content on any such website. Inclusion of a link to a third party site should not be construed as that party's endorsement of this site. MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC. Macquarie Infrastructure Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.7. MIMUSA is a member of Sydney-based Macquarie Group Limited. One of his achievements includes the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey dollar. Other members of the Macquarie Group are subject to regulation in the regions in which they operate. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals. In this article we are going to estimate the intrinsic value of Macquarie Infrastructure Corporation by taking the expected future cash flows and discounting them to their present value.One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Thank you, and welcome to Macquarie Infrastructure Corporation's earnings conference call, this covering the third quarter of 2020. The all time high for this statistics is 69. Macquarie Infrastructure Corporation (MIC) owns, operates, and invests in a portfolio of infrastructure businesses. [12] Macquarie Infrastructure Group purchased 50 percent stake in 2006, and assumed full ownership in 2014. [13], Kern County Airport / William H. Thomas Terminal, Norman Y. Mineta San Jose International Airport, "Macquarie Infrastructure Corporation (MIC)", https://www.macquarie.com/mgl/com/mic/investor-center/faqs, "The holey dollar: a symbol of innovation", "Macquarie Infrastructure Company Reports 2004 Results", "Macquarie Infrastructure Company Completes Sale of Airport Management Contracts", "Macquarie Infrastructure Company's Airport Parking Business", "Company Overview of International-Matex Tank Terminals, Inc", "Macquarie to Buy Rest of International-Matex for $1 Billion", Macquarie Power & Infrastructure Income Fund, https://en.wikipedia.org/w/index.php?title=Macquarie_Infrastructure_Corporation&oldid=944578277, Companies listed on the New York Stock Exchange, Articles containing potentially dated statements from July 2012, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, Atlantic Aviation, IMTT, MIC Hawaii, CP&E, International-Matex Tank Terminals (IMTT), OPF –Opa Locka, FL - Opa Locka Executive Airport, This page was last edited on 8 March 2020, at 18:03. The company had earlier filed for Chapter 11 Bankruptcy. The 52 week high of Macquarie Infrastructure Corporation (NYSE:MIC) is placed at 45.93 and 52 week low is standing at 12.50. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. Macquarie Infrastructure Corporation (NYSE:MIC) closed at $30.23 on the last trading session with an increase of 0.2%, whereas, it previously closed at $30.17. Nov 12, 2020 1:09 … The company recently underwent a rebranding, changing its name from The Gas Company to Hawai'i Gas, to reflect its position on changing Hawaii's energy future. Macquarie Infrastructure Corporation (), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$32.23 at one point, and dropping to the lows of US$25.85.Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. Today is shaping up negative for Macquarie Infrastructure Corporation (NYSE:MIC) shareholders, with the analysts delivering a substantial negative … Except as otherwise specified, all references in this Form 10-Q to “MIC”, “we”, “us”, and “our” refer to Macquarie Infrastructure Corporation and … On January 1, 2007, Macquarie Infrastructure Company Trust was succeeded by Macquarie Infrastructure Company LLC. It was formerly known as Macquarie Power & Infrastructure Income Fund View real-time stock prices and stock quotes for a full financial overview. MIC is a Delaware corporation formed on May 21, 2015. On January 1, 2009, AvPorts was sold to Aviation Facilities Company, Inc. Current and historical debt to equity ratio values for Macquarie Infrastructure (MIC) over the last 10 years. MIC’s predecessor, Macquarie Infrastructure Company LLC, was formed on April 13, 2004. Capstone Infrastructure Corporation is a Toronto, Ontario-based open-ended trust that invests in the following types of power generation assets: Natural Gas cogeneration, Wind, Hydro, Biomass and Solar. Macquarie Infrastructure Corporation (MIC Quick Quote MIC - Free Report) reported disappointing third-quarter 2020 results wherein both earnings and … Macquarie Bank Limited maintains Representative Offices in the states of Illinois, New York and Texas, but is not authorized to conduct business in the US. [7], As of July 2012[update], Atlantic Aviation offers fixed base operator (FBO) services at the following locations in the United States:[8], MIC Hawaii (formerly Hawaii Gas) is a wholly owned subsidiary of Macquarie Infrastructure Corporation, founded in 1904. The all time high for this statistics is 69. The company provides synthetic natural gas, and propane, and is working on providing Liquid Natural Gas (LNG) to 70,000 customers in Hawaii. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Macquarie Infrastructure Corporation (NYSE:MIC) Owns, operates and invests in a portfolio of infrastructure and infrastructure-like businesses across the United States. Macquarie Infrastructure Corporation's business consists of the largest network of fixed-base operations in the United States, the largest bulk storage terminal business in the U.S., a gas production and distribution business, and a controlling interest in two district energy businesses. Except as otherwise specified, all references in this Form 10-K to “MIC”, “we”, “us”, and “our” refer to Macquarie Infrastructure Corporation and its subsidiaries. Macquarie Infrastructure Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow. Macquarie Infrastructure Corporation Attention: Chairman, Audit Committee c/o Michael Kernan, General Counsel and Corporate Secretary 125 West 55th Street, New York, NY 10019 United States of America. Service unavailable:Displayed when filter service cannot be reached. As on 6/29/2020, Multinational firm has announced its last quarter scores, in which it reported -$0.09 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.04) by -$0.05. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additional risks of which we are not currently aware could also cause MIC's actual results to differ. Macquarie Infrastructure debt/equity for the three months ending June 30, 2020 was 1.19 . The lawsuit seeks to recover investor losses. The company is acting to preserve cash so long as the coronavirus pandemickeeps the travel industry on hold. 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