American Tower Corp (AMT) : Rail-splitter Capital Management scooped up 29,475 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 2, 2016. The investment management firm now holds a total of 150,755 shares of American Tower Corp which is valued at $17,446,876.American Tower Corp makes up approximately 4.04% of Rail-splitter Capital Management’s portfolio.
Other Hedge Funds, Including , Baldwin Investment Management reduced its stake in AMT by selling 235 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 11,600 shares of AMT which is valued at $1,342,468. American Tower Corp makes up approx 0.57% of Baldwin Investment Management’s portfolio.California State Teachers Retirement System reduced its stake in AMT by selling 5,057 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 893,860 shares of AMT which is valued at $103,446,418. American Tower Corp makes up approx 0.22% of California State Teachers Retirement System’s portfolio.
American Tower Corp closed down -0.85 points or -0.73% at $115.73 with 15,49,011 shares getting traded on Monday. Post opening the session at $116.54, the shares hit an intraday low of $115.575 and an intraday high of $116.8 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.