American Tower Corp (AMT) : Edmond De Rothschild Asset Management (luxembourg) added new position in American Tower Corp during the most recent quarter end. The investment management firm now holds 12,000 shares of American Tower Corp which is valued at $1,398,000 , the company said in a statement filed on Aug 10, 2016 with the SEC.American Tower Corp makes up approximately 1.05% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in AMT by selling 720 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 26,022 shares of AMT which is valued at $3,031,563. American Tower Corp makes up approx 0.27% of Reliance Trust Co Of Delaware’s portfolio.Mufg Americas Holdings Corp reduced its stake in AMT by selling 2,491 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 110,161 shares of AMT which is valued at $12,766,558. American Tower Corp makes up approx 0.43% of Mufg Americas Holdings Corp’s portfolio.Mar Vista Investment Partners boosted its stake in AMT in the latest quarter, The investment management firm added 42,924 additional shares and now holds a total of 1,219,030 shares of American Tower Corp which is valued at $141,127,103. American Tower Corp makes up approx 8.12% of Mar Vista Investment Partners’s portfolio.First Western Capital Management Co reduced its stake in AMT by selling 3,217 shares or 4.06% in the most recent quarter. The Hedge Fund company now holds 75,945 shares of AMT which is valued at $8,810,379. American Tower Corp makes up approx 3.14% of First Western Capital 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.