State Of Alaska Department Of Revenue Stake in American Tower Corp New (AMT) Has Increased by $8.53 Million

April 17, 2018 - By Eugene Smith

American Tower Corporation (NYSE:REIT) LogoInvestors sentiment increased to 1.25 in Q4 2017. Its up 0.05, from 1.2 in 2017Q3. It increased, as 47 investors sold AMT shares while 280 reduced holdings. 107 funds opened positions while 301 raised stakes. 377.89 million shares or 0.11% less from 378.31 million shares in 2017Q3 were reported. Dimensional Fund Ltd Partnership holds 0.21% of its portfolio in American Tower Corporation (NYSE:REIT) for 3.54 million shares. Connor Clark And Lunn Invest Mgmt Limited reported 101,050 shares. The New York-based Bamco Incorporated has invested 0.29% in American Tower Corporation (NYSE:REIT). Bartlett & Company Limited Liability Company reported 110,670 shares. Alliancebernstein Limited Partnership owns 763,770 shares or 0.08% of their US portfolio. First Citizens Fincl Bank Trust reported 4,710 shares or 0.09% of all its holdings. Parametric Portfolio Assocs Ltd Co reported 1.04M shares or 0.15% of all its holdings. Natixis has invested 0.04% in American Tower Corporation (NYSE:REIT). Qs Investors Lc has invested 0.05% of its portfolio in American Tower Corporation (NYSE:REIT). Grandfield & Dodd Ltd Llc owns 1,678 shares for 0.03% of their portfolio. 8,959 are held by Altfest L J And Inc. Thomas White Interest Ltd, Illinois-based fund reported 7,184 shares. Bb&T Corporation owns 0.09% invested in American Tower Corporation (NYSE:REIT) for 33,427 shares. State Of New Jersey Common Pension Fund D holds 558,500 shares. Cullen Frost Bankers has invested 0.37% of its portfolio in American Tower Corporation (NYSE:REIT).

Since December 11, 2017, it had 0 insider purchases, and 6 selling transactions for $10.63 million activity. Another trade for 1,584 shares valued at $228,793 was sold by SHARBUTT DAVID E. On Saturday, March 10 the insider HESS WILLIAM H sold $4.11 million. Another trade for 5,000 shares valued at $715,800 was made by THOMPSON SAMME L on Tuesday, January 2. 845 American Tower Corporation (NYSE:REIT) shares with value of $124,071 were sold by REED JOANN A.

State Of Alaska Department Of Revenue increased its stake in American Tower Corp New (AMT) by 26.58% based on its latest 2017Q4 regulatory filing with the SEC. State Of Alaska Department Of Revenue bought 60,061 shares as the company’s stock rose 2.70% while stock markets declined. The institutional investor held 286,011 shares of the real estate investment trusts company at the end of 2017Q4, valued at $40.80M, up from 225,950 at the end of the previous reported quarter. State Of Alaska Department Of Revenue who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $60.69 billion market cap company. The stock increased 1.26% or $1.75 during the last trading session, reaching $140.27. About 887,174 shares traded. American Tower Corporation (NYSE:AMT) has risen 20.37% since April 17, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

State Of Alaska Department Of Revenue, which manages about $4.19 billion US Long portfolio, decreased its stake in Southern Co (NYSE:SO) by 82,647 shares to 267,586 shares, valued at $12.87 million in 2017Q4, according to the filing.

American Tower Corporation (NYSE:REIT) Ratings Coverage

Among 12 analysts covering American Tower Corp (NYSE:AMT), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. American Tower Corp had 18 analyst reports since October 23, 2017 according to SRatingsIntel. Morgan Stanley maintained the shares of AMT in report on Wednesday, December 13 with “Overweight” rating. The stock has “Buy” rating by Oppenheimer on Wednesday, December 20. KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) on Monday, November 27 with “Buy” rating. SunTrust maintained it with “Buy” rating and $157.0 target in Tuesday, October 31 report. Citigroup maintained American Tower Corporation (NYSE:REIT) on Tuesday, March 27 with “Buy” rating. The firm earned “Buy” rating on Wednesday, November 1 by Jefferies. The firm has “Buy” rating by SunTrust given on Wednesday, December 6. On Wednesday, November 1 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Buy” rating by Cowen & Co given on Monday, October 23. RBC Capital Markets maintained it with “Buy” rating and $160.0 target in Wednesday, November 29 report.

American Tower Corporation (NYSE:REIT) Ratings Chart

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