Advantage Alpha Capital Partners LP Sells 3,055 Shares of MasTec, Inc. $MTZ

Advantage Alpha Capital Partners LP trimmed its position in shares of MasTec, Inc. (NYSE:MTZ) by 22.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,347 shares of the construction company’s stock after selling 3,055 shares during the period. Advantage Alpha Capital Partners LP’s holdings in MasTec were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in MasTec by 163.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,981 shares of the construction company’s stock worth $121,843,000 after buying an additional 648,184 shares during the last quarter. Ameriprise Financial Inc. raised its position in MasTec by 171.2% in the 1st quarter. Ameriprise Financial Inc. now owns 390,764 shares of the construction company’s stock worth $45,607,000 after purchasing an additional 246,666 shares during the period. Vanguard Group Inc. raised its holdings in shares of MasTec by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,972,293 shares of the construction company’s stock worth $1,017,858,000 after buying an additional 234,594 shares during the period. AQR Capital Management LLC lifted its position in shares of MasTec by 23.6% during the first quarter. AQR Capital Management LLC now owns 963,749 shares of the construction company’s stock worth $106,234,000 after purchasing an additional 184,277 shares during the last quarter. Finally, Nuveen LLC bought a new stake in MasTec during the 1st quarter valued at about $21,208,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Timothy Michael Love sold 1,929 shares of MasTec stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $206.15, for a total value of $397,663.35. Following the sale, the chief accounting officer owned 9,757 shares of the company’s stock, valued at approximately $2,011,405.55. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the completion of the sale, the chief operating officer owned 184,249 shares in the company, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,929 shares of company stock valued at $3,394,013. Corporate insiders own 21.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MTZ. Robert W. Baird upped their target price on shares of MasTec from $238.00 to $249.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research note on Tuesday. Zacks Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. UBS Group upped their target price on MasTec from $206.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Citigroup raised their price target on MasTec from $219.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $229.44.

MasTec Stock Up 2.4%

Shares of MTZ stock opened at $210.80 on Friday. MasTec, Inc. has a fifty-two week low of $99.70 and a fifty-two week high of $224.03. The firm has a market capitalization of $16.63 billion, a PE ratio of 62.37 and a beta of 1.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The stock’s 50-day simple moving average is $204.86 and its 200-day simple moving average is $183.58.

MasTec Company 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.