American Tower Corp (AMT) : Simplex Trading added new position in American Tower Corp during the most recent quarter end. The investment management firm now holds 15,126 shares of American Tower Corp which is valued at $1,641,322 , the company said in a statement filed on Oct 7, 2016 with the SEC.American Tower Corp makes up approximately 0.21% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in AMT by selling 1,254 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 108,643 shares of AMT which is valued at $11,788,852. American Tower Corp makes up approx 0.25% of Exxonmobil Investment Management Inc Tx’s portfolio.Independent Portfolio Consultants reduced its stake in AMT by selling 335 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 17,705 shares of AMT which is valued at $1,902,225. American Tower Corp makes up approx 0.60% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMT by selling 18,663 shares or 34.59% in the most recent quarter. The Hedge Fund company now holds 35,290 shares of AMT which is valued at $3,791,558. American Tower Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Telemus Capital boosted its stake in AMT in the latest quarter, The investment management firm added 1,232 additional shares and now holds a total of 29,161 shares of American Tower Corp which is valued at $3,133,058. American Tower Corp makes up approx 0.35% of Telemus Capital’s portfolio.Bath Savings Trust Co boosted its stake in AMT in the latest quarter, The investment management firm added 3,565 additional shares and now holds a total of 32,265 shares of American Tower Corp which is valued at $3,466,552. American Tower Corp makes up approx 1.09% of Bath Savings Trust Co’s portfolio.
American Tower Corp (AMT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $108.71 and reached the intraday high at $109.59. The bulls started the profit booking and pushed the shares to intraday low of $107.81. The trading session was marked by a volume range of 22,95,917 shares exchanging hands. The 52-week high of the shares is $118.26 and the 52-week low is $83.07. The market cap of the company stands at $46,170 M and there are 42,54,89,210 shares in public circulation.
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.
Many Wall Street Analysts have commented on American Tower Corp. SunTrust Initiated American Tower Corp on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $128.
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.