November 25, 2016 - By Darrin Black · 0 Comments
American Tower Corp (NYSE:AMT) institutional sentiment decreased to 0.99 in 2016 Q2. Its down -0.05, from 1.04 in 2016Q1. The ratio has dropped, as 312 active investment managers increased and started new holdings, while 301 trimmed and sold stakes in American Tower Corp. The active investment managers in our partner’s database now possess: 390.54 million shares, down from 405.23 million shares in 2016Q1. Also, the number of active investment managers holding American Tower Corp in their top 10 holdings increased from 39 to 55 for an increase of 16. Sold All: 31 Reduced: 270 Increased: 236 New Position: 76.
American Tower Corporation is a holding company. The company has a market cap of $45.79 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 54.07 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.
About 53,280 shares traded hands. American Tower Corp (NYSE:AMT) has risen 2.49% since April 22, 2016 and is uptrending. It has underperformed by 2.92% the S&P500.
Analysts await American Tower Corp (NYSE:AMT) to report earnings on February, 24. They expect $1.43 earnings per share, up 12.60% or $0.16 from last year’s $1.27 per share. AMT’s profit will be $608.77 million for 18.80 P/E if the $1.43 EPS becomes a reality. After $1.49 actual earnings per share reported by American Tower Corp for the previous quarter, Wall Street now forecasts -4.03% negative EPS growth.
According to Zacks Investment Research, “American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.”
Levasseur Capital Partners Llc holds 24.25% of its portfolio in American Tower Corp for 128,513 shares. Akre Capital Management Llc owns 6.30 million shares or 13.91% of their US portfolio. Moreover, Rare Infrastructure Ltd has 12.59% invested in the company for 2.47 million shares. The Virginia-based Broad Run Investment Management Llc has invested 12.23% in the stock. Avenir Corp, a -based fund reported 1.03 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 18 insider sales for $48.90 million net activity.
Ratings analysis reveals 92% of American Tower Corporation’s analysts are positive. Out of 12 Wall Street analysts rating American Tower Corporation, 11 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $100 while the high is $136. The stock’s average target of $121.31 is 12.78% above today’s ($107.56) share price. AMT was included in 25 notes of analysts from August 6, 2015. Citigroup maintained American Tower Corp (NYSE:AMT) on Thursday, June 16 with “Buy” rating. The rating was downgraded by Zacks to “Buy” on Monday, August 24. The stock of American Tower Corp (NYSE:AMT) has “Buy” rating given on Monday, October 31 by Stifel Nicolaus. Citigroup maintained American Tower Corp (NYSE:AMT) rating on Monday, July 11. Citigroup has “Buy” rating and $134 price target. RBC Capital Markets maintained it with “Outperform” rating and $122 target price in Thursday, July 30 report. The stock has “Buy” rating given by SunTrust on Tuesday, September 13. The company was maintained on Friday, July 29 by Jefferies. The firm earned “Buy” rating on Monday, November 2 by Stifel Nicolaus. The firm has “Outperform” rating by RBC Capital Markets given on Monday, May 2. The firm earned “Outperform” rating on Monday, November 9 by Macquarie Research.
American Tower Corporation (ATC), incorporated on October 24, 1996, is a holding company. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. The Company’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. The Company’s primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. The Company’s U.S. property segment includes activities in the United States. The Company’s Asia property segment includes activities in India. The EMEA property segment includes activities in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes activities in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Company’s services segment includes tower-related services in the United States, including site acquisition, zoning and permitting and structural analysis, which primarily supports its site leasing business, including the addition of tenants and equipment on its sites.
More recent American Tower Corp (NYSE:AMT) news were published by: Fool.com which released: “The Big Risk American Tower Corp. Management Needs to Address” on October 26, 2016. Also Forbes.com published the news titled: “American Tower Becomes Oversold” on November 10, 2016. Businesswire.com‘s news article titled: “American Tower Corporation and PGGM Announce Creation of European Joint Venture” with publication date: October 27, 2016 was also an interesting one.
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By Darrin Black