American Tower Corp (AMT) : Pax World Management reduced its stake in American Tower Corp by 8.98% during the most recent quarter end. The investment management company now holds a total of 335,858 shares of American Tower Corp which is valued at $38,922,584 after selling 33,147 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.American Tower Corp makes up approximately 2.18% of Pax World Management’s portfolio.
Other Hedge Funds, Including , Compton Capital Management Inc Ri reduced its stake in AMT by selling 100 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 3,650 shares of AMT which is valued at $422,999. American Tower Corp makes up approx 0.23% of Compton Capital Management Inc Ri’s portfolio. Cambridge Trust Co added AMT to its portfolio by purchasing 5,470 company shares during the most recent quarter which is valued at $637,693. American Tower Corp makes up approx 0.05% of Cambridge Trust Co’s portfolio.Taylor Wealth Management Partners reduced its stake in AMT by selling 2,140 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 100,652 shares of AMT which is valued at $11,648,456. American Tower Corp makes up approx 4.62% of Taylor Wealth Management Partners’s portfolio.Moody Lynn Lieberson boosted its stake in AMT in the latest quarter, The investment management firm added 6,012 additional shares and now holds a total of 56,711 shares of American Tower Corp which is valued at $6,565,432. American Tower Corp makes up approx 1.14% of Moody Lynn Lieberson’s portfolio.Sanders Morris Harris reduced its stake in AMT by selling 647 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 14,095 shares of AMT which is valued at $1,657,713. American Tower Corp makes up approx 0.42% of Sanders Morris Harris’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.