14,254 Shares in MasTec, Inc. (NYSE:MTZ) Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP bought a new stake in MasTec, Inc. (NYSE:MTZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,254 shares of the construction company’s stock, valued at approximately $1,941,000.

A number of other large investors have also recently bought and sold shares of MTZ. Victory Capital Management Inc. grew its holdings in shares of MasTec by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock valued at $1,583,000 after acquiring an additional 101 shares in the last quarter. Caprock Group LLC grew its stake in MasTec by 13.4% in the third quarter. Caprock Group LLC now owns 2,999 shares of the construction company’s stock valued at $369,000 after purchasing an additional 354 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after purchasing an additional 7,469 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of MasTec during the 3rd quarter worth approximately $276,000. Finally, Cerity Partners LLC boosted its holdings in shares of MasTec by 285.4% in the 3rd quarter. Cerity Partners LLC now owns 23,151 shares of the construction company’s stock valued at $2,850,000 after buying an additional 17,144 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTZ has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Barclays raised their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. B. Riley restated a “buy” rating and set a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Stifel Nicolaus cut their target price on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their target price on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.07.

MasTec Stock Down 2.1 %

Shares of NYSE:MTZ opened at $123.89 on Monday. The company has a market capitalization of $9.82 billion, a PE ratio of 110.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The company has a fifty day moving average of $135.56 and a 200-day moving average of $132.88. MasTec, Inc. has a 52-week low of $82.29 and a 52-week high of $166.95.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, equities analysts predict that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

About MasTec

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.