Echo Street Capital Management LLC Stake in American Tower Corp New (AMT) Increased by $16.63 Million

April 20, 2018 - By Ashley Edward

American Tower Corporation (NYSE:REIT) Corporate LogoBig Money Sentiment increased to 1.25 in Q4 2017. It has change of 0.05, from 2017Q3’s 1.2. The ratio improved due to AMT positioning: 47 sold and 280 reduced. 107 funds acquired holdings and 301 increased holdings. Investors holded 378.31 million in 2017Q3 but now own 377.89 million shares or 0.11% less. Truenorth owns 18,923 shs. Highfields Capital Mgmt LP holds 200,000 shs or 0.24% of its capital. Amalgamated Natl Bank holds 0.22% of its capital in American Tower Corporation (NYSE:REIT) for 55,909 shs. Swiss Bankshares holds 0.24% or 1.58M shs in its capital. Dana Inv Advsrs holds 1.27% or 205,269 shs. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 190,613 shs. Chilton Cap Limited Liability Com has invested 2.48% in American Tower Corporation (NYSE:REIT). 150,250 were reported by Kornitzer Capital Mgmt Inc Ks. New Hampshire-based Amer Tru Invest Advisors Lc has invested 2.76% in American Tower Corporation (NYSE:REIT). Moreover, Piedmont Investment Advisors Ltd Liability has 0.26% invested in American Tower Corporation (NYSE:REIT). Toronto Dominion Bank accumulated 189,306 shs or 0.08% of the stock. Waldron L P, Pennsylvania-based fund reported 2,446 shs. Cornerstone Mngmt Holdings Ltd Liability has 0.31% invested in American Tower Corporation (NYSE:REIT). Consolidated Inv Grp Incorporated Lc reported 26,698 shs stake. Solaris Asset Lc reported 3,471 shs.

AMT had 7 insider sales and 0 buys since December 11, 2017. This’s net activity of $15.20 million. Sharma Amit also sold $4.57M worth of American Tower Corporation (NYSE:REIT) shs. The insider TAICLET JAMES D JR sold 34,667 shs worth $4.94 million. Shares for $228,793 were sold by SHARBUTT DAVID E. On Saturday, March 10 HESS WILLIAM H had sold 28,291 shs worth $4.11 million. REED JOANN A had sold 845 shs worth $124,071 on Wednesday, March 14.

In American Tower Corp New (AMT) was increased the stake held by Greg Poole. The decrease is 16.99% according to 2017Q4 SEC filling. The company’s stock popped up 2.70% while Echo Street Capital Management Llc bought 117,145 shares. At the end of 2017Q4, the 806,545 shares of the real estate investment trusts company held by the hedge fund run by Greg Poole were priced at $115.07 million, up from 689,400 at the end of the previous reported quarter. $59.46B is the MC of American Tower Corp New. REIT hit $137.42 during the last trading session after $2.39 change.American Tower Corporation has volume of 2.55M shares. Since April 20, 2017 REIT has risen 20.37% and is uptrending. The stock outperformed the S&P500 by 8.82%.

About $2.68 billion and $3.31 billion US Long portfolio the Echo Street Capital Management Llc manages. According to a filing the fund reduced its stake in Sba Communications Corp New by 69,332 shares to 106,084 shares, valued at $17.33 million in 2017Q4. Echo Street Capital Management Llc has cut its stake in Regency Ctrs Corp (NYSE:REG) and also reduced its holding in Realpage Inc (NASDAQ:RP) by 255,952 shares in the quarter, for a total of 746,441 shares.

American Tower Corporation (NYSE:REIT) Ratings Coverage

A total of 12 analysts rate American Tower Corp (NYSE:AMT) as follows: 12 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. The firm has $177.0 highest and $156.0 lowest target. The avg target $163.82 is 19.21% above the last ($137.42) price. (NYSE:AMT) has 18 ratings reports on 20 Apr 2018 according to StockzIntelligence. On Wednesday, November 1 the firm has “Buy” rating given by Macquarie Research. In Tuesday, March 27 report Citigroup maintained the stock with “Buy” rating. On Monday, October 23 the company was maintained by Cowen & Co. In Wednesday, December 6 report SunTrust maintained the stock with “Buy” rating. In Wednesday, November 1 report Jefferies maintained it with “Buy” rating and $163 target. On Tuesday, February 27 KeyBanc Capital Markets maintained the shares of AMT in report with “Buy” rating. On Friday, March 16 the firm has “Overweight” rating by Morgan Stanley given. On Monday, November 27 the rating was maintained by KeyBanc Capital Markets with “Buy”. In Wednesday, November 1 report KeyBanc Capital Markets maintained the stock with “Buy” rating. On Tuesday, November 14 the firm earned “Overweight” rating by Morgan Stanley.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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