American Tower Corp /ma/ (AMT): James D Jr Taiclet , Chairman, President and CEO of American Tower Corp /ma/ sold 40,625 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $117.00 per share for a total value of $4,740,468.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Edmund Disanto (EVP, Chief Admin Ofr, GC & Sec) sold 21,087 shares at $116.71 per share price.On Jul 13, 2016, Steven C. Marshall (EVP & President, U.S. Tower) sold 50,000 shares at $115.50 per share price.Also, On Jun 13, 2016, Robert Joseph Jr Meyer (SVP, Finance & Corp Controller) sold 3,106 shares at $108.68 per share price.On Jun 9, 2016, David E Sharbutt (director) sold 5,000 shares at $108.14 per share price.
Shares of American Tower Corp (AMT) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.52 points or -0.45% at $116.3 with 14,85,780 shares getting traded. Post opening the session at $116.79, the shares hit an intraday low of $116.25 and an intraday high of $117.5 and the price vacillated in this range throughout the day. The company has a market cap of $49,384 M and the number of outstanding shares has been calculated to be 42,46,24,800 shares. The 52-week high of American Tower Corp is $117.54 and the 52-week low is $83.07.
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 $ 132 from a previous price target of $128 .The Rating was issued on May 2, 2016.
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.