As American Tower Corp (AMT) Shares Declined, Shareholder Commonwealth Bank Of Australia Increased Its Stake by $21.39 Million

June 29, 2018 - By Sarah Harris

American Tower Corporation (NYSE:REIT) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.18. That’s change of 0.07, from 2017Q4’s 1.25. 49 investors sold all, 291 reduced holdings as AMT ratio is negative. 308 grew holdings while 94 funds amassed holdings. Funds hold 389.87 million shares thus 3.17% more from 2017Q4’s 377.89 million shares. Grp has invested 0.1% of its capital in American Tower Corporation (NYSE:REIT). Fisher Asset Mgmt Lc, Washington-based fund reported 10,260 shs. Massachusetts Fincl Communications Ma invested in 0.44% or 7.03M shs. M&T Commercial Bank invested in 321,264 shs or 0.25% of the stock. Waverton Management Ltd invested in 0.41% or 47,722 shs. Stephens Ar has invested 0.29% in American Tower Corporation (NYSE:REIT). Mackay Shields Ltd Liability reported 172,115 shs or 0.16% of all its holdings. Ithaka Gru Limited Liability Company reported 3,200 shs stake. Jfs Wealth Advsrs Ltd has invested 0% in American Tower Corporation (NYSE:REIT). Burt Wealth has invested 0.02% of its capital in American Tower Corporation (NYSE:REIT). Legal General Grp Inc Inc Pcl reported 0.29% of its capital in American Tower Corporation (NYSE:REIT). Bahl Gaynor Inc has invested 0.16% of its capital in American Tower Corporation (NYSE:REIT). Fdx stated it has 24,734 shs or 0.11% of all its holdings. Altfest L J And has 8,020 shs. Mariner Ltd Liability holds 0.01% in American Tower Corporation (NYSE:REIT) or 2,124 shs.

AMT had 8 insider sales and 0 buys since January 2, 2018. This’s net activity of $24.06 million. On Wednesday, March 14 a trade for 845 shs valued at $124,071 was made by REED JOANN A. On Thursday, May 10 $1.99M worth of stock was sold by DiSanto Edmund. Another trade for 5,000 shs valued at $715,800 was made by THOMPSON SAMME L on Tuesday, January 2. 32,943 shs were sold by Sharma Amit, worth $4.57 million on Monday, April 16. Shares for $6.09M were sold by TAICLET JAMES D JR.

Commonwealth Bank Of Australia’s holdings in American Tower Corp (AMT) is rose by 5.6% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock sank 4.49% while Commonwealth Bank Of Australia bought 147,491 shares. The real estate investment trusts company at the end of 2018Q1 was priced at $403.44M. It’s up from 2.63 million at the end of the previous reported quarter. Now it had 2.78 million shares held by the institutional investor . $63.88B is American Tower Corp’s MC. REIT touched $144.64 during the last trading session after $0.38 change.American Tower Corporation has volume of 524,964 shares. Since June 29, 2017 REIT has risen 4.03% and is uptrending. The stock underperformed the S&P500 by 8.54%.

The Commonwealth Bank Of Australia’s stake in Chevron Corp (NYSE:CVX) was decreased by 90,307 shares to 724,632 shares valued at $83.15 million in 2018Q1, according to the filing. It manages about $9.23 billion US Long portfolio. Commonwealth Bank Of Australia has cut its stake in Southern Copper Corp (NYSE:SCCO) and also reduced its holding in Kinder Morgan Inc (NYSE:KMI) by 4.62 million shares in the quarter, for a total of 23.90M shares.

American Tower Corporation (NYSE:REIT) Ratings Coverage

In total 4 analysts cover American Tower Corp (NYSE:AMT). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 6 are the (NYSE:AMT)’s analyst reports since January 17, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Morgan Stanley with “Overweight” on Thursday, May 31. In Monday, March 5 report Citigroup maintained it with “Buy” rating and $162 target. In Tuesday, March 27 report Citigroup maintained the stock with “Buy” rating. On Tuesday, February 27 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Friday, March 16 Morgan Stanley maintained American Tower Corporation (NYSE:REIT) rating. Morgan Stanley has “Overweight” rating and $157 target.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.