MasTec, Inc. (NYSE:MTZ) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in MasTec, Inc. (NYSE:MTZFree Report) by 103.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,736 shares of the construction company’s stock after acquiring an additional 71,616 shares during the quarter. Assenagon Asset Management S.A.’s holdings in MasTec were worth $10,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTZ. Thompson Investment Management Inc. boosted its holdings in MasTec by 20.0% during the fourth quarter. Thompson Investment Management Inc. now owns 8,090 shares of the construction company’s stock worth $613,000 after buying an additional 1,350 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in MasTec by 64.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,104 shares of the construction company’s stock worth $841,000 after buying an additional 4,336 shares in the last quarter. Profit Investment Management LLC boosted its holdings in MasTec by 10.8% during the fourth quarter. Profit Investment Management LLC now owns 42,897 shares of the construction company’s stock worth $3,248,000 after buying an additional 4,188 shares in the last quarter. Bouvel Investment Partners LLC boosted its holdings in MasTec by 2.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 19,505 shares of the construction company’s stock worth $1,477,000 after buying an additional 458 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its holdings in MasTec by 32.3% during the fourth quarter. Community Trust & Investment Co. now owns 235,763 shares of the construction company’s stock worth $17,852,000 after buying an additional 57,570 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of MasTec from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their price target on shares of MasTec from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Barclays increased their price objective on shares of MasTec from $55.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Truist Financial assumed coverage on shares of MasTec in a report on Thursday, March 14th. They set a “hold” rating and a $96.00 price objective on the stock. Finally, Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $96.00 in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $96.46.

View Our Latest Stock Analysis on MTZ

MasTec Price Performance

Shares of NYSE MTZ opened at $93.25 on Friday. The firm has a 50-day simple moving average of $77.76 and a 200-day simple moving average of $70.36. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of -141.29 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. MasTec, Inc. has a 52 week low of $44.65 and a 52 week high of $123.33.

MasTec (NYSE:MTZGet Free Report) last issued its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. On average, equities analysts predict that MasTec, Inc. will post 2.33 earnings per share for the current fiscal year.

MasTec Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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