Ladenburg Thalmann Financial Services Inc. Has $128,000 Position in MasTec (MTZ)

Ladenburg Thalmann Financial Services Inc. increased its position in shares of MasTec (NYSE:MTZ) by 81.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,624 shares of the construction company’s stock after purchasing an additional 1,179 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in MasTec were worth $128,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MTZ. Bank of New York Mellon Corp grew its stake in shares of MasTec by 12.6% during the third quarter. Bank of New York Mellon Corp now owns 364,094 shares of the construction company’s stock worth $16,893,000 after purchasing an additional 40,854 shares in the last quarter. Legal & General Group Plc grew its stake in shares of MasTec by 4.5% during the third quarter. Legal & General Group Plc now owns 70,786 shares of the construction company’s stock worth $3,287,000 after purchasing an additional 3,076 shares in the last quarter. Stifel Financial Corp grew its stake in shares of MasTec by 130.1% during the third quarter. Stifel Financial Corp now owns 35,910 shares of the construction company’s stock worth $1,671,000 after purchasing an additional 20,306 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of MasTec by 67.6% during the third quarter. Envestnet Asset Management Inc. now owns 4,479 shares of the construction company’s stock worth $209,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of MasTec by 8,135.0% during the third quarter. Cubist Systematic Strategies LLC now owns 24,705 shares of the construction company’s stock worth $1,146,000 after purchasing an additional 24,405 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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In other news, EVP Cardenas Alberto De sold 15,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $49.55, for a total transaction of $743,250.00. Following the completion of the sale, the executive vice president now owns 110,502 shares in the company, valued at $5,475,374.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert E. Apple sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $55.07, for a total transaction of $1,376,750.00. The disclosure for this sale can be found here. Insiders have sold 69,607 shares of company stock valued at $3,633,214 in the last quarter. Insiders own 20.10% of the company’s stock.

A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Citigroup reiterated a “buy” rating on shares of MasTec in a research note on Thursday, March 22nd. B. Riley boosted their target price on shares of MasTec from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $65.00 target price on shares of MasTec in a research note on Thursday, March 1st. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. MasTec has an average rating of “Buy” and an average price target of $60.87.

NYSE MTZ opened at $45.20 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.92 and a quick ratio of 1.84. MasTec has a 1 year low of $38.40 and a 1 year high of $55.53. The firm has a market capitalization of $3,805.80, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.97 and a beta of 1.55.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. MasTec had a net margin of 5.26% and a return on equity of 17.67%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.32 billion. sell-side analysts anticipate that MasTec will post 3.37 EPS for the current fiscal year.

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About MasTec

MasTec, Inc is an infrastructure construction company, which engages in designing, building, installing, and maintaining infrastructures. It operates through the following segments: Communications; Oil and Gas, Electrical Transmissions; Power Generation and Industrial, and Other. The Communications segment performs engineering, construction, and maintenance of communications infrastructure primarily related to wireless and wire line communications and install to the home, and to a lesser extent, infrastructure for electrical utilities.

Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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