Is Macquarie Infrastructure Company LLC (MIC) A Good Stock To Buy?

How have ‘hedgies’ been trading Macquarie Infrastructure Company LLC (NYSE:MIC)?

At the end of the fourth quarter, a total of 58 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -16% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, MSDC Management, managed by Marc Lisker, Glenn Fuhrman and John Phelan, holds the number one position in Macquarie Infrastructure Company LLC (NYSE:MIC). MSDC Management has a $298 million position in the stock, comprising 12.6% of its 13F portfolio. The second most bullish fund manager is Brenner West Capital Partners, managed by Joshua Kaufman and Craig Nerenberg, which holds a $154.5 million position; the fund has 16.3% of its 13F portfolio invested in the stock. Other members of the smart money with similar optimism include Robert Boucai’s Newbrook Capital Advisors, Bernard Selz’s Selz Capital and Eric Edidin and Josh Lobel’s Archer Capital Management.

Since Macquarie Infrastructure Company LLC (NYSE:MIC) has faced falling interest from the smart money, we can see that there lies a certain “tier” of hedgies that decided to sell off their positions entirely last quarter. It’s worth mentioning that Doug Silverman and Alexander Klabin’s Senator Investment Group dumped the largest investment of the “upper crust” of funds followed by Insider Monkey, comprising close to $132 million in stock. Richard McGuire’s fund, Marcato Capital Management, also cut its stock, about $37.3 million worth. These moves are intriguing to say the least, as total hedge fund interest dropped by 11 funds during the fourth quarter.