American Tower Corp (AMT) : Exxonmobil Investment Management Inc Tx reduced its stake in American Tower Corp by 1.14% during the most recent quarter end. The investment management company now holds a total of 108,643 shares of American Tower Corp which is valued at $11,788,852 after selling 1,254 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.American Tower Corp makes up approximately 0.25% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Central Bank Trust Co sold out all of its stake in AMT during the most recent quarter. The investment firm sold 80 shares of AMT which is valued $8,681.Independent Portfolio Consultants reduced its stake in AMT by selling 335 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 17,705 shares of AMT which is valued at $1,902,225. American Tower Corp makes up approx 0.60% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in AMT by selling 7,626 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 356,440 shares of AMT which is valued at $38,295,914. American Tower Corp makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in AMT in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 12,566 shares of American Tower Corp which is valued at $1,350,091. American Tower Corp makes up approx 0.32% of Washington Trust Bank’s portfolio.Cullinan Associates Inc reduced its stake in AMT by selling 4,630 shares or 11.51% in the most recent quarter. The Hedge Fund company now holds 35,600 shares of AMT which is valued at $3,824,864. American Tower Corp makes up approx 0.33% of Cullinan Associates Inc’s portfolio.
American Tower Corp (AMT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $108.71 and reached the intraday high at $109.59. The bulls started the profit booking and pushed the shares to intraday low of $107.81. The trading session was marked by a volume range of 22,95,917 shares exchanging hands. The 52-week high of the shares is $118.26 and the 52-week low is $83.07. The market cap of the company stands at $46,170 M and there are 42,54,89,210 shares in public circulation.
On the company’s financial health, American Tower Corp reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.28. The company had revenue of $1442.00 million for the quarter, compared to analysts expectations of $1432.38 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
Many Wall Street Analysts have commented on American Tower Corp. SunTrust Initiated American Tower Corp on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $128.
American Tower Corporation is an independent owner operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers radio and television broadcast companies wireless data and data providers government agencies and municipalities and tenants in a number of other industries. It has a portfolio of over 87000 communications sites. The Company’s continuing operations are managed through three segments: Domestic Rental and Management which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management which includes its interests in international communications sites and Network Development Services which offers tower-related services domestically including site acquisition zoning and permitting services and structural analysis services.