American Tower Corp (AMT) : Levasseur Capital Partners scooped up 5,840 additional shares in American Tower Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 128,513 shares of American Tower Corp which is valued at $14,971,765.American Tower Corp makes up approximately 28.08% of Levasseur Capital Partners’s portfolio.
Other Hedge Funds, Including , Balyasny Asset Management sold out all of its stake in AMT during the most recent quarter. The investment firm sold 414,837 shares of AMT which is valued $48,328,511.Parametric Portfolio Associates boosted its stake in AMT in the latest quarter, The investment management firm added 95,451 additional shares and now holds a total of 815,761 shares of American Tower Corp which is valued at $95,036,157. American Tower Corp makes up approx 0.14% of Parametric Portfolio Associates’s portfolio.Baldwin Brothers Incma boosted its stake in AMT in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 1,385 shares of American Tower Corp which is valued at $161,353. American Tower Corp makes up approx 0.03% of Baldwin Brothers Incma’s portfolio.Grand Jean Capital Management Inc reduced its stake in AMT by selling 8,100 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 168,029 shares of AMT which is valued at $19,575,379. American Tower Corp makes up approx 7.99% of Grand Jean Capital Management Inc’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.