American Tower Corp (AMT) : Fiduciary Group scooped up 805 additional shares in American Tower Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 31,068 shares of American Tower Corp which is valued at $3,619,422.American Tower Corp makes up approximately 0.98% of Fiduciary Group’s portfolio.
Other Hedge Funds, Including , Congress Asset Management Co reduced its stake in AMT by selling 13,918 shares or 14.07% in the most recent quarter. The Hedge Fund company now holds 84,973 shares of AMT which is valued at $9,906,152. American Tower Corp makes up approx 0.22% of Congress Asset Management Co’s portfolio.Capstone Asset Management Co boosted its stake in AMT in the latest quarter, The investment management firm added 2,135 additional shares and now holds a total of 38,584 shares of American Tower Corp which is valued at $4,476,130. American Tower Corp makes up approx 0.13% of Capstone Asset Management Co’s portfolio.
American Tower Corp closed down -0.74 points or -0.65% at $113.61 with 30,96,721 shares getting traded on Friday. Post opening the session at $114.18, the shares hit an intraday low of $113.25 and an intraday high of $114.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, American Tower Corp reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.28. The company had revenue of $1442.00 million for the quarter, compared to analysts expectations of $1432.38 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
American Tower Corporation is an independent owner operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers radio and television broadcast companies wireless data and data providers government agencies and municipalities and tenants in a number of other industries. It has a portfolio of over 87000 communications sites. The Company’s continuing operations are managed through three segments: Domestic Rental and Management which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management which includes its interests in international communications sites and Network Development Services which offers tower-related services domestically including site acquisition zoning and permitting services and structural analysis services.