As American Tower Corp (AMT) Shares Declined, Mar Vista Investment Partners LLC Increased by $3.86 Million Its Stake

June 27, 2018 - By Maria Fierro

American Tower Corporation (NYSE:REIT) Corporate LogoBig Money Sentiment decreased to 1.18 in Q1 2018. It has change of 0.07, from 2017Q4’s 1.25. The ratio fall due to AMT positioning: 49 sold and 291 reduced. 94 funds acquired positions and 308 increased positions. Investors holded 377.89 million in 2017Q4 but now own 389.87 million shares or 3.17% more. Alps Advisors holds 1,472 shs. Natl Bank Of Stockton, a California-based fund reported 1,543 shs. New Mexico Educational Retirement Board accumulated 40,868 shs or 0.23% of the stock. Bb&T Corp reported 36,851 shs stake. Ledyard National Bank accumulated 11,429 shs or 0.2% of the stock. Kings Point Capital Mgmt holds 64,797 shs or 1.9% of its capital. Adelante Management Limited Company stated it has 2.17% of its capital in American Tower Corporation (NYSE:REIT). Roof Eidam & Maycock Adv has invested 0.15% of its capital in American Tower Corporation (NYSE:REIT). 18,836 are held by Kayne Anderson Rudnick Investment Mngmt Llc. Caisse De Depot Et Placement Du Quebec owns 576,787 shs for 0.2% of their capital. Fmr Ltd Company holds 15.56M shs or 0.27% of its capital. Hanson And Doremus Invest Management has invested 0% in American Tower Corporation (NYSE:REIT). Fincl Bank Of The West has invested 1.15% of its capital in American Tower Corporation (NYSE:REIT). Perkins Coie Company invested 0.98% of its capital in American Tower Corporation (NYSE:REIT). Louisiana State Employees Retirement invested in 26,900 shs.

AMT registered $24.06 million net activity with 0 insider buys and 8 sales since January 2, 2018. 28,291 shs valued at $4.11M were sold by HESS WILLIAM H on Saturday, March 10. On Wednesday, March 14 845 shs were sold by REED JOANN A, worth $124,071. Sharma Amit sold $4.57M worth of stock. On Tuesday, March 20 3,500 shs were sold by THOMPSON SAMME L, worth $512,246. 14,223 shs valued at $1.99 million were sold by DiSanto Edmund on Thursday, May 10.

Mar Vista Investment Partners Llc upped its holdings by 2.75% in American Tower Corp (AMT), according to 2018Q1 SEC filling. The company’s stock sank 4.49% while Mar Vista Investment Partners Llc bought 26,594 shares. The institutional investor is holding 995,146 shares, compared to the 968,552 from the previous quarter. And the announced value of the real estate investment trusts company is $144.64 million for the 2018Q1. $63.30B is American Tower Corp’s market cap. The stock increased 0.10% or $0.15 during the last trading session, hitting $143.32.Currently American Tower Corporation is uptrending after 4.03% change in last June 27, 2017. REIT has 187,990 shares volume. REIT underperformed by 8.54% the S&P 500.

Mar Vista Investment Partners Llc manages about $1.80B and $2.52 billion US Long portfolio. It decreased its stake in Dollar Tree Inc (NASDAQ:DLTR) by 503,590 shares to 649,918 shares, valued at $61.68 million in 2018Q1, according to the filing. For a total of 130,076 shares it reduced its holding in Markel Corp (NYSE:MKL) by 3,845 shares in the quarter, and has cut its stake in Berkshire Hathaway Inc (BRKB).

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. With $171.0 highest and $154 lowest target price American Tower Corp has $161.25 average target price or 12.51% above the current ($143.32) price. 6 are the (NYSE:AMT)’s analyst reports since January 17, 2018 according to StockzIntelligence Inc. On Monday, March 5 the stock has “Buy” rating by Citigroup. In Tuesday, March 27 report Citigroup maintained the stock with “Buy” rating. On Friday, March 16 Morgan Stanley maintained the shares of AMT in report with “Overweight” rating. On Thursday, May 31 the stock of American Tower Corporation (NYSE:REIT) earned “Overweight” rating by Morgan Stanley. On Tuesday, February 27 the company was maintained by KeyBanc Capital Markets.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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