Ep Wealth Advisors Lowers stake in American Tower Corp (AMT)

American Tower Corp (AMT) : Ep Wealth Advisors reduced its stake in American Tower Corp by 14.5% during the most recent quarter end. The investment management company now holds a total of 88,544 shares of American Tower Corp which is valued at $10,315,376 after selling 15,011 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Tower Corp makes up approximately 1.58% of Ep Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in AMT by selling 483 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 6,780 shares of AMT which is valued at $789,870. American Tower Corp makes up approx 0.03% of Tudor Investment Corp Et Al’s portfolio. Meiji Yasuda Life Insurance Co added AMT to its portfolio by purchasing 3,660 company shares during the most recent quarter which is valued at $426,390. American Tower Corp makes up approx 0.07% of Meiji Yasuda Life Insurance Co’s portfolio. Mesirow Financial Investment Management – Equity Management added AMT to its portfolio by purchasing 8,880 company shares during the most recent quarter which is valued at $1,029,103. American Tower Corp makes up approx 0.06% of Mesirow Financial Investment Management – Equity Management’s portfolio.Integrated Wealth Management boosted its stake in AMT in the latest quarter, The investment management firm added 1,013 additional shares and now holds a total of 2,959 shares of American Tower Corp which is valued at $342,445. American Tower Corp makes up approx 0.13% of Integrated Wealth Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in AMT by selling 2,788 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 91,606 shares of AMT which is valued at $10,605,227. American Tower Corp makes up approx 0.08% of Public Employees Retirement Association Of Colorado’s portfolio.

American Tower Corp opened for trading at $113.7 and hit $113.85 on the upside on Thursday, eventually ending the session at $113.82, with a gain of 0.39% or 0.44 points. The heightened volatility saw the trading volume jump to 11,57,694 shares. Company has a market cap of $48,429 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.

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