Institutional Capital Lowers stake in American Tower Corp (AMT)

American Tower Corp (AMT) : Institutional Capital reduced its stake in American Tower Corp by 36.63% during the most recent quarter end. The investment management company now holds a total of 1,756,016 shares of American Tower Corp which is valued at $204,575,864 after selling 1,014,966 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.American Tower Corp makes up approximately 2.38% of Institutional Capital’s portfolio.

Other Hedge Funds, Including , Bokf Na boosted its stake in AMT in the latest quarter, The investment management firm added 976 additional shares and now holds a total of 13,407 shares of American Tower Corp which is valued at $1,561,916. American Tower Corp makes up approx 0.05% of Bokf Na’s portfolio.Public Sector Pension Investment Board boosted its stake in AMT in the latest quarter, The investment management firm added 11,900 additional shares and now holds a total of 80,448 shares of American Tower Corp which is valued at $9,372,192. American Tower Corp makes up approx 0.11% of Public Sector Pension Investment Board’s portfolio.Thompson Davis boosted its stake in AMT in the latest quarter, The investment management firm added 1,691 additional shares and now holds a total of 2,007 shares of American Tower Corp which is valued at $232,270. American Tower Corp makes up approx 0.35% of Thompson Davis’s portfolio.Glenmede Trust Co Na boosted its stake in AMT in the latest quarter, The investment management firm added 20,007 additional shares and now holds a total of 26,227 shares of American Tower Corp which is valued at $3,057,544. American Tower Corp makes up approx 0.02% of Glenmede Trust Co Na’s portfolio.Miller Howard Investments Inc Ny reduced its stake in AMT by selling 5,305 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 46,386 shares of AMT which is valued at $5,466,126. American Tower Corp makes up approx 0.10% of Miller Howard Investments Inc Ny’s portfolio.

American Tower Corp opened for trading at $113.74 and hit $114.18 on the upside on Monday, eventually ending the session at $113.84, with a gain of 0.54% or 0.61 points. The heightened volatility saw the trading volume jump to 12,29,471 shares. Company has a market cap of $48,438 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

American Tower Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Tower Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.