L & S Advisors Inc Has $2.47 Million Stake in American Tower Corp (AMT)

L & S Advisors Inc decreased its holdings in shares of American Tower Corp (NYSE:AMT) by 11.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,083 shares of the real estate investment trust’s stock after selling 2,253 shares during the quarter. L & S Advisors Inc’s holdings in American Tower were worth $2,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in American Tower by 1.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 237,874 shares of the real estate investment trust’s stock valued at $32,513,000 after acquiring an additional 4,454 shares in the last quarter. AMP Capital Investors Ltd boosted its position in American Tower by 2.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 1,255,444 shares of the real estate investment trust’s stock valued at $171,593,000 after acquiring an additional 24,202 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in American Tower by 5.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 62,749 shares of the real estate investment trust’s stock valued at $8,576,000 after acquiring an additional 2,986 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in American Tower by 60.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 730,187 shares of the real estate investment trust’s stock valued at $100,222,000 after acquiring an additional 275,500 shares in the last quarter. Finally, Aureus Asset Management LLC boosted its position in American Tower by 3.6% during the 3rd quarter. Aureus Asset Management LLC now owns 116,687 shares of the real estate investment trust’s stock valued at $15,949,000 after acquiring an additional 4,090 shares in the last quarter. 91.89% of the stock is currently owned by hedge funds and other institutional investors.

AMT has been the topic of several recent research reports. BidaskClub raised American Tower from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Citigroup increased their target price on American Tower from $142.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 target price on shares of American Tower in a research report on Friday, September 1st. UBS increased their target price on American Tower from $150.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $144.00 target price on shares of American Tower in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $158.50.

Shares of American Tower Corp (NYSE AMT) opened at $141.80 on Thursday. American Tower Corp has a twelve month low of $100.88 and a twelve month high of $155.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $60,365.77, a price-to-earnings ratio of 21.79, a PEG ratio of 1.66 and a beta of 0.73.

In related news, EVP Edmund Disanto sold 10,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the transaction, the executive vice president now owns 151,928 shares in the company, valued at approximately $20,662,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $151.20, for a total value of $5,140,800.00. The disclosure for this sale can be found here. Insiders sold a total of 122,000 shares of company stock valued at $17,580,160 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

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American Tower Profile

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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