MasTec, Inc. (NYSE:MTZ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in MasTec, Inc. (NYSE:MTZ) by 59.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,015 shares of the construction company’s stock after selling 13,393 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MasTec were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lansing Street Advisors increased its holdings in shares of MasTec by 11.5% in the 4th quarter. Lansing Street Advisors now owns 10,761 shares of the construction company’s stock valued at $1,465,000 after acquiring an additional 1,109 shares during the last quarter. ING Groep NV lifted its stake in MasTec by 227.3% during the fourth quarter. ING Groep NV now owns 79,200 shares of the construction company’s stock worth $10,782,000 after purchasing an additional 55,000 shares during the last quarter. Ieq Capital LLC boosted its holdings in MasTec by 504.5% in the fourth quarter. Ieq Capital LLC now owns 36,656 shares of the construction company’s stock valued at $4,990,000 after purchasing an additional 30,592 shares in the last quarter. Global Retirement Partners LLC increased its stake in MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after purchasing an additional 190 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in MasTec by 47.9% during the fourth quarter. Convergence Investment Partners LLC now owns 11,622 shares of the construction company’s stock worth $1,582,000 after purchasing an additional 3,762 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Up 3.3 %

NYSE:MTZ opened at $132.54 on Thursday. MasTec, Inc. has a 12-month low of $72.96 and a 12-month high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $141.84 and its 200-day simple moving average is $131.31. The firm has a market cap of $10.50 billion, a P/E ratio of 118.34 and a beta of 1.73.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTZ shares. Guggenheim assumed coverage on shares of MasTec in a report on Wednesday, January 8th. They issued a “buy” rating and a $195.00 target price for the company. TD Cowen upped their price objective on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. B. Riley reaffirmed a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of MasTec in a report on Tuesday, November 5th. Craig Hallum boosted their target price on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their target price on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.57.

MasTec Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.