State Of Alaska Department Of Revenue Stake in American Tower Corp New (AMT) Has Boosted by $8.53 Million as Stock Rose

April 17, 2018 - By Linda Rogers

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. Hanson Doremus Investment stated it has 104 shares or 0% of all its holdings. Alps Advsrs holds 1,444 shares. Highstreet Asset Mgmt holds 0.14% in American Tower Corporation (NYSE:REIT) or 16,517 shares. Compton Mngmt Incorporated Ri accumulated 5,925 shares. Mai stated it has 0.23% of its portfolio in American Tower Corporation (NYSE:REIT). Winfield Assoc owns 7,675 shares for 0.55% of their portfolio. Ogorek Anthony Joseph Adv accumulated 84 shares or 0.01% of the stock. State Of New Jersey Common Pension Fund D holds 558,500 shares. Virginia Retirement Et Al reported 26,100 shares stake. Enterprise Finance reported 530 shares or 0.04% of all its holdings. Augustine Asset Mngmt has invested 0.57% in American Tower Corporation (NYSE:REIT). 640,359 were accumulated by Df Dent & Communication. Security Company stated it has 0.23% in American Tower Corporation (NYSE:REIT). Mcf Advsrs Llc invested in 12 shares. Rmb Cap Management Ltd Liability Company has invested 0.59% in American Tower Corporation (NYSE:REIT).

Since December 11, 2017, it had 0 insider buys, and 6 sales for $10.63 million activity. Shares for $228,793 were sold by SHARBUTT DAVID E on Wednesday, December 13. HESS WILLIAM H also sold $4.11 million worth of American Tower Corporation (NYSE:REIT) on Saturday, March 10. Another trade for 845 shares valued at $124,071 was made by REED JOANN A on Wednesday, March 14. The insider TAICLET JAMES D JR sold 34,667 shares worth $4.94 million.

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 $40.80 million, 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 $60.69B 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 $4.19B 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. The company was maintained on Monday, November 27 by KeyBanc Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Tuesday, November 14. Jefferies maintained it with “Buy” rating and $163 target in Wednesday, November 1 report. The stock of American Tower Corporation (NYSE:REIT) has “Buy” rating given on Wednesday, December 6 by SunTrust. The firm has “Buy” rating given on Monday, March 5 by Citigroup. The firm earned “Overweight” rating on Friday, March 16 by Morgan Stanley. The company was maintained on Tuesday, October 31 by SunTrust. Macquarie Research maintained American Tower Corporation (NYSE:REIT) on Wednesday, November 1 with “Buy” rating. KeyBanc Capital Markets maintained the shares of AMT in report on Tuesday, February 27 with “Buy” rating. The firm earned “Buy” rating on Tuesday, March 27 by Citigroup.

American Tower Corporation (NYSE:REIT) Ratings Chart

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