Duality Advisers LP Sells 19,106 Shares of MasTec, Inc. (NYSE:MTZ)

Duality Advisers LP lowered its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,128 shares of the construction company's stock after selling 19,106 shares during the quarter. Duality Advisers LP's holdings in MasTec were worth $1,751,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Sheets Smith Wealth Management increased its position in shares of MasTec by 0.9% in the 3rd quarter. Sheets Smith Wealth Management now owns 20,160 shares of the construction company's stock valued at $1,451,000 after buying an additional 185 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of MasTec by 75.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company's stock valued at $39,000 after buying an additional 232 shares in the last quarter. Arizona State Retirement System increased its position in shares of MasTec by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 17,963 shares of the construction company's stock valued at $1,293,000 after buying an additional 258 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of MasTec by 1.0% in the 3rd quarter. Schechter Investment Advisors LLC now owns 28,505 shares of the construction company's stock valued at $2,052,000 after buying an additional 280 shares in the last quarter. Finally, Bellecapital International Ltd. increased its position in shares of MasTec by 0.5% in the 3rd quarter. Bellecapital International Ltd. now owns 58,120 shares of the construction company's stock valued at $4,183,000 after buying an additional 282 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Analyst Ratings Changes

MTZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of MasTec from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, February 9th. Barclays increased their target price on MasTec from $55.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Craig Hallum upgraded MasTec from a "hold" rating to a "buy" rating and increased their target price for the stock from $50.00 to $96.00 in a report on Monday, March 4th. Citigroup increased their target price on MasTec from $99.00 to $104.00 and gave the stock a "buy" rating in a report on Monday. Finally, KeyCorp increased their target price on MasTec from $92.00 to $97.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.85.

MasTec Stock Up 3.3 %

Shares of NYSE MTZ traded up $2.79 during mid-day trading on Tuesday, hitting $86.55. The company had a trading volume of 442,665 shares, compared to its average volume of 914,987. The company has a market capitalization of $6.88 billion, a PE ratio of -131.14 and a beta of 1.62. The firm has a 50-day simple moving average of $84.67 and a two-hundred day simple moving average of $71.66. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. MasTec, Inc. has a one year low of $44.65 and a one year high of $123.33.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.20. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.26 billion. MasTec had a positive return on equity of 4.82% and a negative net margin of 0.42%. On average, equities analysts expect that MasTec, Inc. will post 2.33 EPS 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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.