Atika Capital Management LLC Takes Position in MasTec, Inc. (NYSE:MTZ)

Atika Capital Management LLC acquired a new position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 52,000 shares of the construction company's stock, valued at approximately $7,079,000. Atika Capital Management LLC owned about 0.07% of MasTec as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in MasTec during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after buying an additional 116 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MasTec during the third quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its holdings 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 valued at $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after purchasing an additional 190 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Stock Performance

MasTec stock traded down $0.08 during mid-day trading on Friday, hitting $114.98. 143,035 shares of the company's stock traded hands, compared to its average volume of 932,323. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a one year low of $82.29 and a one year high of $166.95. The firm has a 50 day moving average price of $125.14 and a 200 day moving average price of $133.06. The company has a market cap of $9.12 billion, a PE ratio of 102.85 and a beta of 1.62.

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MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, equities analysts forecast that MasTec, Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Guggenheim restated a "buy" rating and set a $195.00 price objective on shares of MasTec in a research note on Tuesday, March 25th. B. Riley reaffirmed a "buy" rating and issued a $165.00 price objective (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Truist Financial reduced their target price on shares of MasTec from $197.00 to $154.00 and set a "buy" rating on the stock in a research report on Tuesday. Robert W. Baird dropped their price target on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of MasTec from $175.00 to $143.00 and set a "buy" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.87.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the transaction, the director now owns 23,000 shares of the company's stock, valued at $3,027,490. The trade was a 9.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 21.30% of the stock is currently owned by corporate insiders.

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.