After Today’s Bullish Options Activity, Is American Tower Corp’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is American Tower Corp's Near Term Analysis Positive?

In today’s session American Tower Corp (AMT) registered an unusually high (61) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AMT increase. With 61 contracts traded and 674 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMT161216C00108000 closed last at: $1.75 or 5.4% down. About 337,876 shares traded hands. American Tower Corp (NYSE:AMT) has risen 1.28% since April 26, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

Analysts await American Tower Corp (NYSE:AMT) to report earnings on February, 24. They expect $1.43 EPS, up 12.60% or $0.16 from last year’s $1.27 per share. AMT’s profit will be $608.70M for 18.49 P/E if the $1.43 EPS becomes a reality. After $1.49 actual EPS reported by American Tower Corp for the previous quarter, Wall Street now forecasts -4.03% negative EPS growth.

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 Citigroup on Wednesday, August 10 with “Buy”. On Monday, October 31 the stock rating was maintained by Stifel Nicolaus with “Buy”. JP Morgan maintained the shares of AMT in a report on Wednesday, October 7 with “Overweight” rating. Jefferies maintained American Tower Corp (NYSE:AMT) on Friday, July 29 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 16 by Citigroup. The stock of American Tower Corp (NYSE:AMT) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 26. The firm has “Buy” rating by Citigroup given on Monday, July 11. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, November 2 report. The stock of American Tower Corp (NYSE:AMT) earned “Hold” rating by Zacks on Wednesday, August 26.

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 is negative, 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.
Jpmorgan Chase &, a New York-based fund reported 1.15M shares. Jones Lllp, a Missouri-based fund reported 7,947 shares. King Luther Management last reported 100,140 shares in the company. Nbt Bancorp N A holds 0.04% of its portfolio in American Tower Corp (NYSE:AMT) for 1,855 shares. Westpac Bk Corporation has invested 0% of its portfolio in American Tower Corp (NYSE:AMT). Rainier Investment Management Ltd Limited Liability Company last reported 43,690 shares in the company. Next Fincl Gp last reported 17,064 shares in the company. Thompson Davis owns 2,007 shares or 0.36% of their US portfolio. Linscomb & Williams holds 0.11% of its portfolio in American Tower Corp (NYSE:AMT) for 9,961 shares. Northeast has 1.99% invested in the company for 174,226 shares. Lpl Financial Limited Liability Corporation holds 0.03% or 33,654 shares in its portfolio. Texas Permanent School Fund has invested 0.21% of its portfolio in American Tower Corp (NYSE:AMT). Moore Cap Mgmt Lp reported 175,000 shares or 0.78% of all its holdings. Moreover, Wfg Advsr Lp has 0.04% invested in American Tower Corp (NYSE:AMT) for 1,473 shares. Thrivent For Lutherans holds 0.05% of its portfolio in American Tower Corp (NYSE:AMT) for 85,497 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 16 insider sales for $47.85 million net activity. $5.78M worth of American Tower Corp (NYSE:AMT) was sold by Marshall Steven C.. Shares for $4.42M were sold by TAICLET JAMES D JR on Monday, September 19. Shares for $1.22M were sold by DOLAN RAYMOND P on Tuesday, June 7. DiSanto Edmund sold $4.56 million worth of stock or 41,875 shares. KATZ CAROLYN had sold 5,000 shares worth $526,300. 2,202 American Tower Corp (NYSE:AMT) shares with value of $255,718 were sold by THOMPSON SAMME L. On Wednesday, August 17 REEVE PAMELA D A sold $1.13M worth of the stock or 10,000 shares.

American Tower Corporation is a holding company. The company has a market cap of $45.01 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 53.15 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 news for American Tower Corp (NYSE:AMT) were recently published by: Forbes.com, which released: “American Tower Becomes Oversold” on November 10, 2016. Reuters.com‘s article titled: “BRIEF-American Tower Corp enters into an agreement to acquire a portfolio …” and published on November 09, 2016 is yet another important article.

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