American Tower Corp New (AMT) Stake Has Boosted by Goldman Sachs Group Inc

February 15, 2018 - By Marie Mckinney

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It increased, as 36 investors sold AMT shares while 287 reduced holdings. 102 funds opened positions while 287 raised stakes. 378.31 million shares or 1.55% less from 384.25 million shares in 2017Q2 were reported. Patten & Patten Tn stated it has 0.03% of its portfolio in American Tower Corporation (NYSE:REIT). Arizona State Retirement Systems invested 0.2% in American Tower Corporation (NYSE:REIT). Loring Wolcott & Coolidge Fiduciary Advisors Limited Liability Partnership Ma owns 1.37 million shares. Cornercap Counsel accumulated 11,612 shares or 0.22% of the stock. Sandy Spring Natl Bank holds 27,486 shares or 0.36% of its portfolio. Akre Capital Mgmt Ltd Liability Corp has invested 13.56% in American Tower Corporation (NYSE:REIT). Findlay Park Ptnrs Ltd Liability Partnership has invested 1.11% in American Tower Corporation (NYSE:REIT). Texas Permanent School Fund holds 0.21% or 118,938 shares in its portfolio. Triangle Securities Wealth Mngmt accumulated 11,775 shares or 0.96% of the stock. Coldstream Inc reported 17,875 shares or 0.28% of all its holdings. Florida-based Finemark Bancshares And Tru has invested 0.04% in American Tower Corporation (NYSE:REIT). Retirement Sys Of Alabama stated it has 0.32% of its portfolio in American Tower Corporation (NYSE:REIT). Prudential Incorporated owns 1.91M shares. Strs Ohio holds 0.27% of its portfolio in American Tower Corporation (NYSE:REIT) for 464,855 shares. Quantbot Ltd Partnership has invested 1.07% of its portfolio in American Tower Corporation (NYSE:REIT).

Since August 18, 2017, it had 0 insider buys, and 8 insider sales for $19.04 million activity. Sharma Amit had sold 20,747 shares worth $2.90 million. DiSanto Edmund also sold $1.36 million worth of American Tower Corporation (NYSE:REIT) on Friday, September 29. 1,584 shares were sold by SHARBUTT DAVID E, worth $228,793 on Wednesday, December 13. Another trade for 5,000 shares valued at $715,800 was made by THOMPSON SAMME L on Tuesday, January 2. 5,000 shares were sold by REEVE PAMELA D A, worth $717,450 on Thursday, August 24.

Goldman Sachs Group Inc increased its stake in American Tower Corp New (AMT) by 15779.81% based on its latest 2017Q3 regulatory filing with the SEC. Goldman Sachs Group Inc bought 8.16M shares as the company’s stock rose 18.69% with the market. The institutional investor held 8.21 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $1.12 billion, up from 51,700 at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $58.48B market cap company. The stock increased 0.66% or $0.89 during the last trading session, reaching $136.37. About 2.09 million shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 15, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

Goldman Sachs Group Inc, which manages about $408.33 billion US Long portfolio, decreased its stake in Terex Corp New (Call) (NYSE:TEX) by 316,400 shares to 25,500 shares, valued at $1.15 million in 2017Q3, according to the filing. It also reduced its holding in Vaneck Vectors Etf Tr (Call) by 1.14 million shares in the quarter, leaving it with 160,800 shares, and cut its stake in Delta Air Lines Inc Del (Put) (NYSE:DAL).

American Tower Corporation (NYSE:REIT) Ratings Coverage

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 68 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, August 6 the stock rating was upgraded by Morgan Stanley to “Overweight”. RBC Capital Markets maintained it with “Outperform” rating and $122 target in Thursday, July 30 report. The firm has “Buy” rating by RBC Capital Markets given on Friday, July 28. Macquarie Research maintained American Tower Corporation (NYSE:REIT) on Monday, November 9 with “Outperform” rating. Macquarie Research maintained American Tower Corporation (NYSE:REIT) rating on Wednesday, November 1. Macquarie Research has “Buy” rating and $165.0 target. The firm has “Buy” rating by Jefferies given on Monday, July 3. As per Tuesday, August 8, the company rating was maintained by Oppenheimer. The firm has “Hold” rating given on Tuesday, April 19 by Evercore. Jefferies maintained the shares of AMT in report on Wednesday, November 1 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 8.

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