MasTec, Inc. (NYSE:MTZ) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in MasTec, Inc. (NYSE:MTZ) by 59.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,015 shares of the construction company’s stock after selling 13,393 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MasTec were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of MasTec during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in MasTec during the third quarter worth $25,000. Global Retirement Partners LLC raised its position in MasTec by 162.4% in the fourth 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. R Squared Ltd acquired a new position in shares of MasTec in the 4th quarter valued at $44,000. Finally, True Wealth Design LLC acquired a new position in shares of MasTec in the 3rd quarter valued at $57,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Truist Financial lifted their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. TD Cowen upped their price objective on shares of MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Craig Hallum lifted their target price on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Robert W. Baird boosted their target price on MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.57.

MasTec Price Performance

MTZ stock opened at $132.54 on Thursday. The business’s 50-day moving average is $141.84 and its two-hundred day moving average is $131.31. 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 firm has a market capitalization of $10.50 billion, a P/E ratio of 118.34 and a beta of 1.73. MasTec, Inc. has a 1 year low of $72.96 and a 1 year high of $166.95.

MasTec 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.