MasTec, Inc. (NYSE:MTZ) Stock Position Raised by Calamos Advisors LLC

Calamos Advisors LLC raised its position in shares of MasTec, Inc. (NYSE:MTZ) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,240 shares of the construction company’s stock after purchasing an additional 28,621 shares during the period. Calamos Advisors LLC owned 0.17% of MasTec worth $8,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robecosam AG increased its holdings in shares of MasTec by 4.4% during the 3rd quarter. Robecosam AG now owns 3,550 shares of the construction company’s stock valued at $229,000 after acquiring an additional 150 shares during the last quarter. Gs Investments Inc. increased its holdings in shares of MasTec by 0.5% during the 2nd quarter. Gs Investments Inc. now owns 35,685 shares of the construction company’s stock valued at $1,839,000 after acquiring an additional 165 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of MasTec by 7.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,307 shares of the construction company’s stock valued at $119,000 after acquiring an additional 168 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of MasTec by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 10,088 shares of the construction company’s stock valued at $520,000 after acquiring an additional 466 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of MasTec during the 3rd quarter valued at about $32,000. 82.25% of the stock is owned by institutional investors.

In other MasTec news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $60.05, for a total value of $1,501,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ernst N. Csiszar sold 3,000 shares of MasTec stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.53, for a total value of $193,590.00. Following the sale, the director now directly owns 25,564 shares in the company, valued at approximately $1,649,644.92. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $1,983,440 in the last ninety days. Insiders own 22.00% of the company’s stock.

A number of brokerages have recently commented on MTZ. ValuEngine lowered MasTec from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Credit Suisse Group increased their price objective on MasTec from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, August 5th. B. Riley increased their price objective on MasTec from $62.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 5th. Deutsche Bank increased their price objective on MasTec from $60.00 to $67.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, DA Davidson increased their price objective on MasTec to $70.00 and gave the company a “buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. MasTec presently has an average rating of “Buy” and an average target price of $66.08.

MTZ opened at $68.36 on Wednesday. The firm has a market capitalization of $5.19 billion, a P/E ratio of 18.78 and a beta of 1.34. The stock’s 50 day moving average price is $64.68 and its two-hundred day moving average price is $55.28. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 0.92. MasTec, Inc. has a 12-month low of $37.24 and a 12-month high of $68.93.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, August 1st. The construction company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.51. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.80 billion. MasTec had a return on equity of 23.43% and a net margin of 4.29%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. As a group, analysts anticipate that MasTec, Inc. will post 4.9 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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Institutional Ownership by Quarter for MasTec (NYSE:MTZ)

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