Macquarie Group Ltd. Has $105.67 Million Holdings in American Tower Corp (AMT)

Macquarie Group Ltd. lessened its position in American Tower Corp (NYSE:AMT) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 773,111 shares of the real estate investment trust’s stock after selling 32,568 shares during the quarter. Macquarie Group Ltd. owned approximately 0.18% of American Tower worth $105,668,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMT. Janus Henderson Group PLC increased its holdings in American Tower by 1,886.3% during the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after purchasing an additional 7,092,413 shares during the period. Dimensional Fund Advisors LP increased its holdings in American Tower by 823.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock worth $212,525,000 after purchasing an additional 1,432,155 shares during the period. Vanguard Group Inc. increased its holdings in American Tower by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after purchasing an additional 881,020 shares during the period. Prudential Financial Inc. boosted its position in shares of American Tower by 56.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock worth $259,798,000 after acquiring an additional 710,130 shares in the last quarter. Finally, Winslow Capital Management LLC boosted its position in shares of American Tower by 36.5% during the 2nd quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock worth $336,055,000 after acquiring an additional 679,096 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $145.89, for a total transaction of $4,960,260.00. Following the completion of the transaction, the chairman now directly owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Edmund Disanto sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were 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 directly owns 151,928 shares of the company’s stock, valued at $20,662,208. The disclosure for this sale can be found here. Insiders have sold a total of 122,000 shares of company stock valued at $17,580,160 over the last ninety days. 0.86% of the stock is owned by insiders.

Several research analysts have recently issued reports on AMT shares. BidaskClub raised American Tower from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Citigroup upped their price objective on American Tower from $142.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 price objective on shares of American Tower in a research report on Friday, September 1st. UBS upped 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 reissued a “buy” rating and issued a $144.00 target price on shares of American Tower in a research report on Tuesday, September 12th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. American Tower has a consensus rating of “Buy” and a consensus target price of $158.50.

Shares of American Tower Corp (AMT) opened at $143.61 on Monday. American Tower Corp has a 1 year low of $100.79 and a 1 year high of $155.28. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $61,588.01, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.69 and a beta of 0.73.

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About American Tower

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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