Y-Intercept (Hong Kong) 13F: New $18M Stake in MasTec (MTZ)

Y-Intercept (Hong Kong) has opened a new position in MasTec, Inc. (NYSE: MTZ), acquiring 85,962 shares valued at about $18,363,202 in a filing on October 16, 2026. This marks the fund's first stake in the infrastructure engineering company, which focuses on services for communications, energy, utilities, and other infrastructure across North America.

What Changed in Y-Intercept's MasTec Position

Y-Intercept (Hong Kong) initiated its stake at 85,962 shares, reflecting a new buy. This acquisition is significant as it establishes the fund's first involvement with MasTec, indicating potential interest in the company's growth prospects and market position.

Other Institutional Activity in MasTec

Several other funds have also shown interest in MasTec recently. Blackrock Inc. holds 7,638,487 shares, worth about $1.46 billion, after increasing its position by 328,930 shares. Peconic Partners, LLC owns 3,678,431 shares valued at $702.7 million, having added 99,843 shares. Vanguard Capital Management LLC has 2,831,849 shares worth about $540.9 million, with a slight increase of 27,483 shares. Additionally, State Street Corporation raised its holdings by 374,908 shares, bringing its total to 2,244,771 shares valued at about $428.8 million.

MasTec, Inc. Stock Down 0.4%

MasTec's shares recently traded around $190.88, which is below its 50-day moving average of $237.13 and its 200-day average of $304.87. The stock is currently about 56.8% off its 52-week high of $441.43, but it remains 4.7% above its 52-week low of $182.34. This performance can provide insights into the stock's volatility and investor sentiment.

Recent Earnings

For the trailing twelve months, MasTec reported revenue of approximately $16.1 billion, with a net margin of 3.1%. The company has shown growth with a year-over-year revenue increase of 23.4%. The next earnings report is scheduled for October 29, 2026, which will provide further insights into the company's financial health.

Insider Buying and Selling at MasTec, Inc.

Recently, several insiders at MasTec sold shares. Ernst N Csiszar, a Director, sold 6,500 shares on March 3, 2026, for about $1.95 million at an average price of $300.40. Javier Alberto Palomarez, another Director, sold 950 shares on March 25, 2026, valued at approximately $309,158. Additionally, Charles Robert Campbell sold 3,000 shares on May 4, 2026, for around $1.25 million at an average price of $417.00. These transactions occurred before the recent filing and could indicate varying personal strategies among the company's leadership.

Analysts Set New Price Targets

Analysts have maintained their positive outlook on MasTec. On October 15, 2026, Keybanc reiterated its Overweight rating and adjusted its price target to $320.00. Other firms, including Piper Sandler, Truist Securities, and TD Cowen, also maintained their ratings while adjusting targets, reflecting a consensus that suggests strong potential for stock appreciation.

About MasTec

MasTec, Inc. is an infrastructure engineering and construction company based in Coral Gables, Florida. It provides various engineering, building, and maintenance services for critical infrastructure, focusing on communications, energy, and utilities. The company's diversified approach across multiple segments positions it well for growth in the evolving infrastructure landscape.

Bottom Line

Y-Intercept's new position in MasTec comes after a period of stock volatility, with shares trading significantly below recent moving averages. Keep an eye on the upcoming earnings report on October 29, 2026, which could further influence investor sentiment and stock performance. Remember, the data in this filing reflects holdings as of the reporting period and may not represent the current position of Y-Intercept.