MML Investors Services LLC Acquires Shares of 7,847 MasTec, Inc. (MTZ)

Share on StockTwits

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.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. MasTec had a net margin of 5.89% and a return on equity of 17.01%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Research analysts predict that MasTec, Inc. will post 3.65 earnings per share for the current year.

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.

WARNING: This story was published by BBNS and is owned by of BBNS. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/2018/12/08/mml-investors-services-llc-acquires-shares-of-7847-mastec-inc-mtz/3064540.html.

MasTec Profile

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.

Read More: Google Finance

Want to see what other hedge funds are holding MTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasTec, Inc. (NYSE:MTZ).

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.