Quantamental Technologies LLC Has $1.39 Million Stake in American Tower Corp (NYSE:AMT)

Quantamental Technologies LLC grew its holdings in shares of American Tower Corp (NYSE:AMT) by 87.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,780 shares of the real estate investment trust’s stock after acquiring an additional 3,171 shares during the quarter. American Tower comprises 0.5% of Quantamental Technologies LLC’s investment portfolio, making the stock its 8th largest position. Quantamental Technologies LLC’s holdings in American Tower were worth $1,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMT. TrinityPoint Wealth LLC increased its stake in American Tower by 1.4% in the 2nd quarter. TrinityPoint Wealth LLC now owns 3,479 shares of the real estate investment trust’s stock worth $712,000 after purchasing an additional 49 shares during the period. Hall Laurie J Trustee increased its stake in American Tower by 13.3% in the 2nd quarter. Hall Laurie J Trustee now owns 425 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 50 shares during the period. Knuff & Co LLC increased its stake in American Tower by 0.3% in the 2nd quarter. Knuff & Co LLC now owns 18,390 shares of the real estate investment trust’s stock worth $3,760,000 after purchasing an additional 50 shares during the period. GYL Financial Synergies LLC increased its stake in American Tower by 4.5% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,167 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 50 shares during the period. Finally, Cable Hill Partners LLC increased its stake in American Tower by 61.9% in the 1st quarter. Cable Hill Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 93.22% of the company’s stock.

A number of equities analysts have commented on the company. SunTrust Banks lifted their price target on American Tower to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised American Tower from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research note on Tuesday. KeyCorp lifted their price target on American Tower from $225.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. Royal Bank of Canada lifted their price target on American Tower from $195.00 to $203.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. lifted their price target on American Tower from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. American Tower currently has a consensus rating of “Hold” and a consensus price target of $202.27.



In related news, Director Craig Macnab sold 5,953 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $225.46, for a total value of $1,342,163.38. Following the sale, the director now directly owns 14,341 shares of the company’s stock, valued at $3,233,321.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David E. Sharbutt sold 2,039 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $217.59, for a total value of $443,666.01. Following the completion of the sale, the director now directly owns 3,936 shares in the company, valued at $856,434.24. The disclosure for this sale can be found here. Insiders have sold 196,973 shares of company stock worth $40,927,162 over the last three months. Insiders own 0.75% of the company’s stock.

Shares of AMT traded down $1.94 during mid-day trading on Friday, hitting $226.57. 1,089,317 shares of the company’s stock traded hands, compared to its average volume of 1,731,599. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 4.13. American Tower Corp has a 1 year low of $140.40 and a 1 year high of $231.64. The firm has a market capitalization of $100.66 billion, a P/E ratio of 28.36, a PEG ratio of 1.85 and a beta of 0.50. The business’s 50-day moving average price is $213.92 and its 200-day moving average price is $199.22.

American Tower (NYSE:AMT) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.91). American Tower had a net margin of 19.30% and a return on equity of 24.75%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $1.74 earnings per share. American Tower’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that American Tower Corp will post 7.66 earnings per share for the current fiscal year.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 171,000 communications sites.

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Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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