5 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates

2. Macquarie Infrastructure Holdings, LLC (NYSE:MIC)

Caxton Associate’s Stake Value: $2.6 million

Percentage of Caxton Associates’s 13F Portfolio: 0.26%

Number of Hedge Fund Investors: 14

Stock Price as of May 17, 2022: $3.79

Macquarie Infrastructure Holdings, LLC (NYSE:MIC) is a petroleum products provider based in New York, New York, United States. The company sells petroleum and natural gases to a wide variety of customers.

By the end of its fourth quarter, Macquarie Infrastructure Holdings, LLC (NYSE:MIC) reported $203 million in revenue and -$0.19 in GAAP EPS, in a weak set of results that saw it miss analyst estimates for both the metrics. The company completed a corporate reorganization late last year.

As part of its fourth quarter of 2021 investment portfolio, Caxton Associates owned a $2.6 million stake in Macquarie Infrastructure Holdings, LLC (NYSE:MIC). This came in the form of 716,539 shares. Insider Monkey’s 924 hedge fund survey covering the same time period outlined that 14 had also invested in the energy company.

Jeffrey Tannenbaum’s Fir Tree is Macquarie Infrastructure Holdings, LLC (NYSE:MIC)’s largest investor. It owns 4.3 million shares that are worth $15.8 million.