American Tower Corp (AMT) : Winslow Capital Management reduced its stake in American Tower Corp by 17.87% during the most recent quarter end. The investment management company now holds a total of 3,867,652 shares of American Tower Corp which is valued at $450,581,458 after selling 841,451 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American Tower Corp makes up approximately 1.73% of Winslow Capital Management’s portfolio.
Other Hedge Funds, Including , Mirae Asset Global Investments Ltd. boosted its stake in AMT in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 21,046 shares of American Tower Corp which is valued at $2,451,859. American Tower Corp makes up approx 0.06% of Mirae Asset Global Investments Ltd.’s portfolio. Massmutual Trust Co Fsbadv added AMT to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $1,049.Global X Management Co reduced its stake in AMT by selling 11,785 shares or 41.58% in the most recent quarter. The Hedge Fund company now holds 16,555 shares of AMT which is valued at $1,918,559. American Tower Corp makes up approx 0.09% of Global X Management Co’s portfolio. Timber Hill added AMT to its portfolio by purchasing 13,160 company shares during the most recent quarter which is valued at $1,534,193. American Tower Corp makes up approx 0.12% of Timber Hill’s portfolio.Essex Financial Services boosted its stake in AMT in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 2,452 shares of American Tower Corp which is valued at $283,868. American Tower Corp makes up approx 0.07% of Essex Financial Services’s portfolio.
American Tower Corp opened for trading at $115.21 and hit $116.36 on the upside on Tuesday, eventually ending the session at $115.22, with a gain of 0.52% or 0.6 points. The heightened volatility saw the trading volume jump to 19,24,725 shares. Company has a market cap of $49,025 M.
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.