Advantage Alpha Capital Partners LP Buys Shares of 14,254 MasTec, Inc. (NYSE:MTZ)

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

Several other large investors also recently added to or reduced their stakes in MTZ. Wilmington Savings Fund Society FSB bought a new position in MasTec during the third quarter valued at about $25,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of MasTec in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after purchasing an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock valued at $42,000 after purchasing an additional 190 shares during the period. 78.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Barclays raised their price target on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Citigroup increased their target price on MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Robert W. Baird decreased their price target on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.07.

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MasTec Trading Down 2.4 %

Shares of MTZ traded down $3.22 on Tuesday, reaching $128.46. 954,043 shares of the company's stock were exchanged, compared to its average volume of 872,335. The business has a 50 day moving average price of $134.87 and a two-hundred day moving average price of $133.31. MasTec, Inc. has a 12 month low of $82.29 and a 12 month high of $166.95. The stock has a market capitalization of $10.19 billion, a P/E ratio of 114.70 and a beta of 1.74. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.32 billion. Research analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current 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.