American Tower Corp New (AMT) Share Value Rose While Echo Street Capital Management LLC Raised Stake

May 27, 2018 - By Vivian Currie

American Tower Corporation (NYSE:REIT) LogoInvestors sentiment increased to 1.25 in Q4 2017. Its up 0.05, from 1.2 in 2017Q3. It improved, as 47 investors sold AMT shares while 280 reduced holdings. 107 funds opened positions while 301 raised stakes. 377.89 million shares or 0.11% less from 378.31 million shares in 2017Q3 were reported. Sumitomo Mitsui Asset Mgmt Ltd owns 119,245 shares for 0.25% of their portfolio. Howland Management Limited Liability has 213,376 shares for 2.44% of their portfolio. Prudential Fincl Inc reported 1.59M shares. Massachusetts Fincl Service Ma owns 7.98M shares. Covington Capital Management has 851 shares for 0.01% of their portfolio. Lederer & Associate Inv Counsel Ca invested in 0.4% or 3,110 shares. Legal & General Gp Public Ltd Co holds 2.69 million shares. Ithaka Grp Lc invested in 3,200 shares. San Francisco Sentry Inv Gru (Ca) accumulated 15,168 shares or 0.63% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt System owns 38,360 shares or 0.07% of their US portfolio. Bb&T Ltd Llc has invested 0.04% in American Tower Corporation (NYSE:REIT). Columbia Partners L L C Management owns 51,874 shares. Wellington Mgmt Gp Llp reported 0.7% in American Tower Corporation (NYSE:REIT). State Common Retirement Fund has 1.20M shares for 0.21% of their portfolio. Nuveen Asset Ltd Limited Liability Company reported 915,260 shares stake.

Since December 11, 2017, it had 0 insider buys, and 8 selling transactions for $17.20 million activity. $4.11M worth of stock was sold by HESS WILLIAM H on Saturday, March 10. REED JOANN A sold $124,071 worth of stock or 845 shares. $228,793 worth of American Tower Corporation (NYSE:REIT) was sold by SHARBUTT DAVID E. On Monday, April 16 Sharma Amit sold $4.57M worth of American Tower Corporation (NYSE:REIT) or 32,943 shares. DiSanto Edmund also sold $1.99M worth of American Tower Corporation (NYSE:REIT) on Thursday, May 10. Shares for $4.94 million were sold by TAICLET JAMES D JR.

Greg Poole increased its stake in American Tower Corp New (AMT) by 16.99% based on its latest 2017Q4 regulatory filing with the SEC. Echo Street Capital Management Llc bought 117,145 shares as the company’s stock rose 2.70% while stock markets declined. The hedge fund run by Greg Poole held 806,545 shares of the real estate investment trusts company at the end of 2017Q4, valued at $115.07 million, up from 689,400 at the end of the previous reported quarter. Echo Street Capital Management Llc who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $60.21 billion market cap company. The stock increased 0.61% or $0.83 during the last trading session, reaching $136.33. About 1.48M shares traded. American Tower Corporation (NYSE:AMT) has risen 20.37% since May 27, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

Echo Street Capital Management Llc, which manages about $2.68 billion and $3.31B US Long portfolio, decreased its stake in Dentsply Sirona Inc by 430,017 shares to 436,640 shares, valued at $28.74 million in 2017Q4, according to the filing. It also reduced its holding in Bemis Inc (NYSE:BMS) by 151,646 shares in the quarter, leaving it with 180,673 shares, and cut its stake in Priceline Grp Inc (NASDAQ:PCLN).

American Tower Corporation (NYSE:REIT) Ratings Coverage

Among 8 analysts covering American Tower Corp (NYSE:AMT), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. American Tower Corp had 10 analyst reports since November 29, 2017 according to SRatingsIntel. Morgan Stanley maintained the shares of AMT in report on Friday, March 16 with “Overweight” rating. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Oppenheimer on Wednesday, December 20. The rating was maintained by Citigroup on Monday, March 5 with “Buy”. On Tuesday, February 27 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Morgan Stanley maintained American Tower Corporation (NYSE:REIT) on Wednesday, December 13 with “Overweight” rating. The company was maintained on Wednesday, December 6 by SunTrust. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, November 29. Citigroup maintained American Tower Corporation (NYSE:REIT) on Tuesday, March 27 with “Buy” rating.

American Tower Corporation (NYSE:REIT) Ratings Chart

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