Cooper Creek Partners Management LLC Lowers Stock Position in MasTec, Inc. (NYSE:MTZ)

Cooper Creek Partners Management LLC trimmed its position in MasTec, Inc. (NYSE:MTZ - Free Report) by 58.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,966 shares of the construction company's stock after selling 439,926 shares during the quarter. MasTec comprises about 1.3% of Cooper Creek Partners Management LLC's investment portfolio, making the stock its 23rd biggest position. Cooper Creek Partners Management LLC owned about 0.40% of MasTec worth $43,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of MasTec during the 3rd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new stake in shares of MasTec in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in shares of MasTec by 181.3% during the 4th 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. Smartleaf Asset Management LLC lifted its holdings in shares of MasTec by 93.4% in 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 during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock valued at $42,000 after acquiring an additional 190 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have issued reports on MTZ. Robert W. Baird decreased their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Guggenheim reaffirmed a "buy" rating and set a $195.00 price target on shares of MasTec in a research note on Tuesday, March 25th. Citigroup increased their price objective on shares of MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Finally, B. Riley reissued a "buy" rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, MasTec presently has an average rating of "Moderate Buy" and a consensus price target of $153.87.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the firm's 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 directly owns 23,000 shares of the company's stock, valued at $3,027,490. This trade represents a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.30% of the stock is owned by company insiders.

MasTec Stock Up 0.1 %

MasTec stock traded up $0.16 during trading hours on Tuesday, reaching $118.36. The stock had a trading volume of 657,762 shares, compared to its average volume of 933,294. MasTec, Inc. has a 52 week low of $82.29 and a 52 week high of $166.95. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 105.68 and a beta of 1.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The business's 50 day moving average price is $123.75 and its 200-day moving average price is $132.95.

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

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.