American Tower Corp /ma/ (AMT) Files Form 4 Insider Selling : Thomas A Bartlett Sells 54,842 Shares

American Tower Corp /ma/ (AMT): Thomas A Bartlett , EVP and CFO of American Tower Corp /ma/ sold 54,842 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $105.23 per share for a total value of $5,771,023.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, David E Sharbutt (director) sold 12,500 shares at $95.78 per share price.On Dec 17, 2015, Pamela D A Reeve (director) sold 10,000 shares at $95.88 per share price.Also, On Nov 18, 2015, James D Jr Taiclet (Chairman, President and CEO) sold 46,335 shares at $96.95 per share price.On Nov 18, 2015, William H Hess (EVP, Int’l. Operations) sold 10,759 shares at $96.92 per share price.

Shares of American Tower Corp (AMT) ended Monday, Apr 18, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.23% at $105.54 with 20,31,483 shares getting traded. Post opening the session at $105.22, the shares hit an intraday low of $105 and an intraday high of $105.76 and the price vacillated in this range throughout the day. The company has a market cap of $44,738 M and the number of outstanding shares has been calculated to be 42,38,97,560 shares. The 52-week high of American Tower Corp is $106.75 and the 52-week low is $83.07.

American Tower Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.American Tower Corp is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 128 from a previous price target of $122 .The Rating was issued on Mar 1, 2016.American Tower Corp is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 109 from a previous price target of $107 .The Rating was issued on Feb 29, 2016.American Tower Corp is Initiated by Deutsche Bank to Buy and the brokerage firm has set the Price Target at $104. The Rating was issued on Feb 24, 2016.

Currently the company Insiders own 0.85% of American Tower Corp shares according to the proxy statements.Institutional Investors own 94.15% of American Tower Corp shares.

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.

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