American Tower Corp (AMT) : Grand Jean Capital Management Inc reduced its stake in American Tower Corp by 4.6% during the most recent quarter end. The investment management company now holds a total of 168,029 shares of American Tower Corp which is valued at $19,575,379 after selling 8,100 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.American Tower Corp makes up approximately 7.99% of Grand Jean Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. added AMT to its portfolio by purchasing 14,674 company shares during the most recent quarter which is valued at $1,709,521. American Tower Corp makes up approx 0.05% of Edmond De Rothschild Holding S.a.’s portfolio.Cls Investments reduced its stake in AMT by selling 395 shares or 8.87% in the most recent quarter. The Hedge Fund company now holds 4,058 shares of AMT which is valued at $469,632. American Tower Corp makes up approx 0.02% of Cls Investments’s portfolio.Wedbush Securities Inc boosted its stake in AMT in the latest quarter, The investment management firm added 639 additional shares and now holds a total of 2,941 shares of American Tower Corp which is valued at $340,362. American Tower Corp makes up approx 0.06% of Wedbush Securities Inc’s portfolio.
American Tower Corp closed down -0.74 points or -0.65% at $113.61 with 30,96,721 shares getting traded on Friday. Post opening the session at $114.18, the shares hit an intraday low of $113.25 and an intraday high of $114.57 and the price fluctuated in this range throughout the day.Shares ended Friday 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.