Highfields Capital Management Lp sold 1.83 million shares as American Tower Corp New (AMT)'s stock rose 18.69%. The stock increased 1.29% or $1.85 during the last trading session, reaching $145.43. The institutional investor held 130,500 shares of the real estate investment trusts company at the end of 2017Q3, valued at $17.84 million, down from 197,600 at the end of the previous reported quarter.
American Tower (NYSE:AMT) had its target price cut by investment analysts at Citigroup from $169.00 to $162.00 in a report released on Monday. It has outperformed by 6.96% the S&P500.
Echo Street Capital Management Llc, which manages about $2.68B and $2.94 billion US Long portfolio, upped its stake in Hershey Co (NYSE:HSY) by 67,282 shares to 99,708 shares, valued at $10.89M in 2017Q3, according to the filing. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 33,847 shares or 0.19% of its portfolio. The California Public Employees Retirement System holds 510,694 shares with $78.45 million value, up from 500,876 last quarter. Imperial Oil Ltd. now has $22.98B valuation. About 223,041 shares traded. It has underperformed by 9.97% the S&P500.
Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 22% are positive. American Tower's revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts forecast that American Tower Corp will post 7.09 EPS for the current year. The rating was maintained by Citigroup on Wednesday, August 10 with "Buy". Cowen & Co maintained it with "Buy" rating and $161.0 target in Monday, October 23 report. The stock of American Tower Corporation (NYSE:REIT) earned "Overweight" rating by Morgan Stanley on Thursday, August 24. The correct version of this report can be read at https://weekherald.com/2018/03/12/etrade-capital-management-llc-buys-368-shares-of-american-tower-corp-amt.html. Argus Research maintained it with "Buy" rating and $150 target in Thursday, August 3 report. KeyCorp set a $171.00 price target on American Tower and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Oppenheimer has "Buy" rating and $160.0 target. As per Monday, September 25, the company rating was maintained by Jefferies. The firm has "Buy" rating given on Wednesday, September 13 by Stifel Nicolaus. The firm owned 62,116 shares of the real estate investment trust's stock after buying an additional 478 shares during the period. 34,000 shares were sold by TAICLET JAMES D JR, worth $4.74M. The stock was sold at an average price of $144.44, for a total transaction of $228,792.96. They expect $1.00 EPS, up 3.09% or $0.03 from last year's $0.97 per share. It also increased its holding in Blackrock Inc (NYSE:BLK) by 870 shares in the quarter, for a total of 32,841 shares, and has risen its stake in Wells Fargo Co New (NYSE:WFC). State Str Corp (NYSE:STT) was raised too.
Investors sentiment increased to 1.25 in Q3 2017. The real estate investment trust reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.04). Dimensional Fund Advisors LP boosted its position in American Tower by 56.3% during the 3rd quarter. 378.31 million shares or 1.55% less from 384.25 million shares in 2017Q2 were reported. Park National Corporation Oh has 0.01% invested in American Tower Corporation (NYSE:REIT). Augustine Asset Management stated it has 0.61% of its portfolio in American Tower Corporation (NYSE:REIT). Eaton Vance Management invested in 791,410 shares or 0.28% of the stock. Cwm Llc, Nebraska-based fund reported 395 shares. Kazazian Asset Mngmt Limited Liability Company owns 5,246 shares. BNP Paribas upgraded the shares of CRM in report on Thursday, August 27 to "Neutral" rating. Griffin Asset Mngmt stated it has 7,993 shares or 0.2% of all its holdings. Chicago Equity Ptnrs Lc has 7,490 shares. Country Tru Bancorporation owns 55 shares. Following the sale, the chairman now owns 305,374 shares in the company, valued at approximately $43,521,902.48. It also reduced Galapagos N V stake by 20,000 shares and now owns 206,405 shares. New Oriental Educatio (NYSE:EDU) was reduced too. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Salesforce.com had 225 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Monday, October 2. The firm has "Hold" rating given on Tuesday, April 19 by Evercore. Credit Suisse upgraded the shares of BMA in report on Tuesday, June 13 to "Buy" rating. (NASDAQ:TSRO) on Friday, May 13 with "Outperform" rating. The firm has "Sell" rating given on Monday, December 18 by Credit Suisse. Ftb Advsrs Incorporated reported 0% in Tesaro, Inc. The company was maintained on Wednesday, December 6 by SunTrust. The rating was downgraded by Mizuho to "Neutral" on Tuesday, January 3.
Since September 19, 2017, it had 2 buys, and 122 insider sales for $71.50 million activity.
Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.09, from 0.88 in 2017Q2. It dropped, as 47 investors sold TSRO shares while 65 reduced holdings.
Shares of American Tower (NYSE AMT) traded up $0.35 during mid-day trading on Monday, hitting $134.35. Commonwealth Bank of Australia now owns 2,790,646 shares of the real estate investment trust's stock valued at $380,074,000 after buying an additional 577,069 shares during the last quarter. Ibm Retirement Fund reported 0.16% in McKesson Corporation (NYSE:MCK). Morgan Stanley holds 0.13% or 3.06 million shares in its portfolio. Eulav Asset Mgmt holds 0.38% of its portfolio in Tesaro, Inc. 299,585 were reported by Adelante Capital Mgmt Limited Liability Company. Stockholders of record on Wednesday, April 11th will be given a dividend of $0.75 per share. Finally, Westpac Banking Corp lifted its position in shares of American Tower by 5.7% in the fourth quarter. Zacks Invest Mgmt reported 206,175 shares. (NASDAQ:TSRO). Franklin Inc invested 0.08% of its portfolio in Tesaro, Inc. American Natl Tx stated it has 14,370 shares or 0.12% of all its holdings.
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