Could American Tower Corp Rise Even More? The Stock Had Bullish Options Activity

 Could American Tower Corp Rise Even More? The Stock Had Bullish Options Activity

In today’s session American Tower Corp (AMT) registered an unusually high (344) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious AMT increase. With 344 contracts traded and 1524 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: AMT170421C00120000 closed last at: $1.2 or 9.1% up. About 588,673 shares traded hands. American Tower Corp (NYSE:AMT) has 0.00% since April 18, 2016 and is . It has underperformed by 4.43% the S&P500.

American Tower Corp (NYSE:AMT) Ratings Coverage

Out of 12 analysts covering American Tower Corporation (NYSE:AMT), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. American Tower Corporation has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus on Monday, October 31 with “Buy”. The stock of American Tower Corp (NYSE:AMT) has “Buy” rating given on Wednesday, August 17 by Argus Research. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. Jefferies maintained the stock with “Buy” rating in Friday, July 29 report. The stock of American Tower Corp (NYSE:AMT) has “Outperform” rating given on Monday, May 2 by RBC Capital Markets. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, August 6. Citigroup maintained the stock with “Buy” rating in Thursday, June 16 report. The stock of American Tower Corp (NYSE:AMT) earned “Overweight” rating by JP Morgan on Wednesday, October 7. The rating was maintained by Stifel Nicolaus on Monday, November 2 with “Buy”. The firm earned “Hold” rating on Wednesday, August 12 by Zacks.

According to Zacks Investment Research, “American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.05, from 1.04 in 2016Q1. The ratio dived, as 31 funds sold all American Tower Corp shares owned while 270 reduced positions. 76 funds bought stakes while 236 increased positions. They now own 390.54 million shares or 3.63% less from 405.23 million shares in 2016Q1.
Livforsakringsbolaget Skandia Omsesidigt holds 0.19% or 37,284 shares in its portfolio. Osborne Prtn Capital Mngmt, a California-based fund reported 6,420 shares. Sfmg Lc reported 21,805 shares or 0.55% of all its holdings. Eulav Asset Management accumulated 110,900 shares or 0.69% of the stock. Westpac owns 116,432 shares or 0% of their US portfolio. State Of Wisconsin Board holds 0.19% or 418,808 shares in its portfolio. Point72 Asset Mngmt Lp owns 114,800 shares or 0.09% of their US portfolio. Nomura Asset accumulated 0.12% or 55,722 shares. Moore Capital Mngmt L P owns 175,000 shares or 0.78% of their US portfolio. Stephens Ar accumulated 47,899 shares or 0.24% of the stock. Thompson Siegel And Walmsley Ltd Liability Company holds 0% of its portfolio in American Tower Corp (NYSE:AMT) for 1,625 shares. Archford Capital Strategies Lc owns 8,990 shares or 0.54% of their US portfolio. Covey Cap Advisors Limited Company owns 6,000 shares or 0.37% of their US portfolio. Profund Advsr Llc has 30,197 shares for 0.17% of their US portfolio. Barton Inv Management accumulated 177,810 shares or 7.35% of the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 19 selling transactions for $49.95 million net activity. THOMPSON SAMME L also sold $165,880 worth of American Tower Corp (NYSE:AMT) on Tuesday, September 6. Meyer Robert Joseph JR also sold $337,560 worth of American Tower Corp (NYSE:AMT) shares. Shares for $526,300 were sold by KATZ CAROLYN. $1.04M worth of American Tower Corp (NYSE:AMT) was sold by SHARBUTT DAVID E. $4.42 million worth of American Tower Corp (NYSE:AMT) was sold by TAICLET JAMES D JR on Monday, September 19. Shares for $1.13M were sold by REEVE PAMELA D A on Wednesday, August 17. $4.56 million worth of American Tower Corp (NYSE:AMT) was sold by DiSanto Edmund.

American Tower Corporation is a holding company. The company has a market cap of $44.34 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 52.37 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

AMT Company Profile

American Tower Corporation (ATC), incorporated on October 24, 1996, is a holding company. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. The Company’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. The Company’s primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. The Company’s U.S. property segment includes activities in the United States. The Company’s Asia property segment includes activities in India. The EMEA property segment includes activities in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes activities in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Company’s services segment includes tower-related services in the United States, including site acquisition, zoning and permitting and structural analysis, which primarily supports its site leasing business, including the addition of tenants and equipment on its sites.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Businesswire.com which released: “American Tower Corporation Releases Information Regarding its Business with …” on November 11, 2016, also Fool.com with their article: “The Big Risk American Tower Corp. Management Needs to Address” published on October 26, 2016, Forbes.com published: “American Tower Becomes Oversold” on November 10, 2016. More interesting news about American Tower Corp (NYSE:AMT) were released by: Forbes.com and their article: “Time To Sell American Tower And Other Low Yielding REITs” published on October 20, 2016 as well as Reuters.com‘s news article titled: “BRIEF-American Tower Corp enters into an agreement to acquire a portfolio …” with publication date: November 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment