Published: Wed, May 24, 2017
Money | By Armando Alvarado

Sells 417 Shares of American Tower Corp (AMT)


Several other large investors have also recently added to or reduced their stakes in the company. Taking a look into the performance of AMT stock, investor will come to know that the weekly performance for this stock is valued at 1.74%, resulting in a performance for the month at 3.23%. Oakbrook Investments LLC's holdings in American Tower Corp were worth $2,247,000 as of its most recent filing with the SEC. FNY Partners Fund LP bought a new stake in shares of American Tower Corp during the fourth quarter worth $137,000.

While considering growth estimates of the company, it has next quarter growth estimates of 40% whereas during current quarter it has 94.6% estimations over growth, comparing to the estimations of 50% during current year and 22.6% for next year.

The ROA of American Tower Corporation is now valued at 2.90% indicating how profitable the company is in regards to its total assets. The stock had a trading volume of 1,331,329 shares. West Family Investments Inc holds 601,403 shares or 1.06% of its portfolio. American Tower Corp (NYSE:AMT) has risen 23.66% since May 23, 2016 and is uptrending. The rating was initiated by Macquarie Research on Tuesday, December 6 with "Outperform".

Since December 5, 2016, it had 0 buys, and 13 insider sales for $54.28 million activity. The correct version of this report can be viewed at https://sportsperspectives.com/2017/05/23/barton-investment-management-sells-627-shares-of-american-tower-corp-amt-updated-updated.html. DiSanto Edmund sold $1.79 million worth of stock or 15,000 shares. More interesting news about American Tower Corp (NYSE:AMT) were released by: Zacks.com and their article: "American Tower (AMT) Q1 Earnings: Is a Beat in the Offing?" published on April 25, 2017 as well as Nasdaq.com's news article titled: "American Tower Corp". 10,000 shares were sold by THOMPSON SAMME L, worth $1.14 million. American Tower Corp's payout ratio is presently 117.17%. SHARBUTT DAVID E sold $532,418 worth of American Tower Corp (NYSE:AMT) on Friday, May 5. Trellus Mgmt Llc has invested 2.33% in American Tower Corp (NYSE:AMT).

Bollard Group Llc increased Amazon.Com Inc (AMZN) stake by 44.43% reported in 2016Q4 SEC filing. Berkshire Hathaway Inc Del (BRKB) was reduced too.

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Zacks Investment Research upgraded shares of American Tower Corp from a "hold" rating to a "buy" rating and set a $142.00 price objective for the company in a research note on Thursday, May 4th. Therefore 50% are positive. On average, equities research analysts anticipate that American Tower Corp will post $2.97 EPS for the current year. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, August 26. The rating was maintained by JP Morgan on Wednesday, October 7 with "Overweight". Citigroup maintained it with "Buy" rating and $134 target in Monday, July 11 report. American Tower Corp has a 52-week low of $99.72 and a 52-week high of $132.86. RBC Capital Markets maintained American Tower Corp (NYSE:AMT) rating on Friday, April 28. Evercore downgraded American Tower Corp (NYSE:AMT) rating on Tuesday, April 19. The company has market cap of $54.54 billion.

08/17/2016 - American Tower Corporation (REIT) had its "buy" rating reiterated by analysts at Argus.

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. 207 funds opened positions while 479 raised stakes. Moreover, Rare Infrastructure Ltd has 9.17% invested in the company for 1.66 million shares. 325,000 were reported by Zimmer Ptnrs Ltd Partnership. Inc. boosted its position in shares of American Tower Corp by 0.6% in the third quarter. State Of Wisconsin Inv Board reported 0.17% in American Tower Corp (NYSE:AMT). Glenmede Tru Na owns 310,484 shares or 0.18% of their USA portfolio. 293.60 million shares or 2.70% less from 301.74 million shares in 2016Q3 were reported. However the six-month change in the insider ownership was recorded -36.15%, as well as three-month change in the institutional ownership was recorded 0.75%. 2,638 were reported by Boys Arnold. New York-based Nippon Life Global Americas has invested 1.46% in American Tower Corp (NYSE:AMT).

In other news, Chairman James D. Taiclet, Jr. sold 69,760 shares of American Tower Corp stock in a transaction dated Tuesday, March 7th. Cibc Asset invested in 38,057 shares. Analysts are forecasting earnings of $1.55 on a per share basis this quarter. Plante Moran Advisors Ltd Com stated it has 431 shares. Bank of America had 60 analyst reports since July 21, 2015 according to SRatingsIntel. During the same period in the previous year, the firm earned $0.58 earnings per share. SEIC's profit will be $86.21M for 23.17 P/E if the $0.54 EPS becomes a reality. The hedge fund run by William Von Mueffling held 2.82M shares of the real estate investment trusts company at the end of 2016Q4, valued at $297.84M, up from 1.13 million at the end of the previous reported quarter. Out of 13 Wall Street analysts rating American Tower Corporation, 12 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Ten equities research analysts have rated the stock with a buy rating, The company now has an average rating of "Buy" and a consensus target price of $134.67. AMT was included in 29 notes of analysts from August 6, 2015.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The firm has "Outperform" rating given on Friday, January 29 by Credit Agricole. On Thursday, August 27 the stock rating was upgraded by CLSA to "Outperform". Robert W. Baird downgraded the stock to "Neutral" rating in Friday, August 12 report. RBC Capital Markets has "Outperform" rating and $145 target.

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