MML Investors Services LLC acquired a new position in MasTec, Inc. (NYSE:MTZ) during the third quarter, HoldingsChannel reports. The firm acquired 7,847 shares of the construction company’s stock, valued at approximately $350,000.
Other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its stake in shares of MasTec by 79.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,775 shares of the construction company’s stock worth $141,000 after acquiring an additional 1,225 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in MasTec by 66.7% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,700 shares of the construction company’s stock valued at $239,000 after buying an additional 1,880 shares during the period. UBP Investment Advisors SA acquired a new stake in MasTec during the third quarter valued at $223,000. MHI Funds LLC acquired a new stake in MasTec during the third quarter valued at $241,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in MasTec during the second quarter valued at $297,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
MTZ stock opened at $40.86 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.35 billion, a P/E ratio of 14.97, a PEG ratio of 1.46 and a beta of 1.46. MasTec, Inc. has a one year low of $40.02 and a one year high of $55.53.
MTZ has been the topic of several analyst reports. ValuEngine upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Zacks Investment Research lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Citigroup restated a “buy” rating on shares of MasTec in a research report on Thursday, August 30th. Robert W. Baird set a $51.00 price target on shares of MasTec and gave the company a “buy” rating in a research report on Wednesday, August 29th. Finally, Canaccord Genuity dropped their price target on shares of MasTec from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. MasTec currently has a consensus rating of “Buy” and an average price target of $60.42.
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MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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