American Tower Corp (AMT) : Barbara Oil scooped up 1,000 additional shares in American Tower Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 6,000 shares of American Tower Corp which is valued at $695,340.American Tower Corp makes up approximately 0.54% of Barbara Oil’s portfolio.
Other Hedge Funds, Including , Stephens Inc Ar boosted its stake in AMT in the latest quarter, The investment management firm added 1,799 additional shares and now holds a total of 47,899 shares of American Tower Corp which is valued at $5,584,065. American Tower Corp makes up approx 0.24% of Stephens Inc Ar’s portfolio.Thompson Siegel Walmsley boosted its stake in AMT in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 1,625 shares of American Tower Corp which is valued at $189,443.Ferguson Wellman Capital Management Inc reduced its stake in AMT by selling 3,429 shares or 36.1% in the most recent quarter. The Hedge Fund company now holds 6,070 shares of AMT which is valued at $705,941. American Tower Corp makes up approx 0.03% of Ferguson Wellman Capital Management Inc’s portfolio.
American Tower Corp closed down -0.71 points or -0.61% at $115.79 with 8,79,431 shares getting traded on Monday. Post opening the session at $116.62, the shares hit an intraday low of $115.76 and an intraday high of $117.11 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
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.