Goldman Sachs Group INC Lifted Its Stake in American Tower Corp New (AMT) as Stock Price Rose

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It is positive, 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. Adams Diversified Equity Fund reported 85,900 shares stake. Usa Financial Portformulas holds 24,415 shares. The Connecticut-based Point72 Asset Mgmt LP has invested 0.02% in American Tower Corporation (NYSE:REIT). Perigon Wealth Mgmt Limited Liability Com owns 3,256 shares or 0.15% of their US portfolio. Dimensional Fund Advsr Lp holds 0.15% or 2.51M shares in its portfolio. Tiverton Asset Ltd Limited Liability Company accumulated 61,218 shares. Benjamin F Edwards, Missouri-based fund reported 4,511 shares. 6,509 are held by Eastern Natl Bank. Peddock Advisors Limited Liability Corp owns 900 shares or 0.06% of their US portfolio. Kentucky Retirement Sys holds 0.27% in American Tower Corporation (NYSE:REIT) or 26,096 shares. Murphy Cap Management stated it has 0.04% of its portfolio in American Tower Corporation (NYSE:REIT). Alliancebernstein LP holds 0.08% or 780,752 shares. Welch Forbes Limited Liability Corp owns 3,473 shares. Quantres Asset Limited has invested 3.15% in American Tower Corporation (NYSE:REIT). Croft holds 42,773 shares.

Since August 18, 2017, it had 0 insider buys, and 8 selling transactions for $19.04 million activity. REEVE PAMELA D A had sold 5,000 shares worth $717,450. $715,800 worth of American Tower Corporation (NYSE:REIT) shares were sold by THOMPSON SAMME L. Sharma Amit had sold 20,747 shares worth $2.90M. The insider DiSanto Edmund sold 10,000 shares worth $1.38M. 1,584 shares were sold by SHARBUTT DAVID E, worth $228,793 on Wednesday, December 13.

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 $1.12B, 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 2.09M 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 Booz Allen Hamilton Hldg Cor (NYSE:BAH) by 788,119 shares to 731,418 shares, valued at $27.35 million in 2017Q3, according to the filing. It also reduced its holding in Genworth Finl Inc (Put) (NYSE:GNW) by 1.15 million shares in the quarter, leaving it with 109,100 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. The company was maintained on Tuesday, November 14 by Morgan Stanley. The firm has “Hold” rating given on Tuesday, April 19 by Evercore. The firm has “Overweight” rating by Morgan Stanley given on Thursday, August 6. The firm earned “Buy” rating on Friday, July 28 by Cowen & Co. On Thursday, August 24 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Jefferies on Monday, October 16 with “Buy”. As per Monday, November 2, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Cowen & Co given on Monday, October 23. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Buy”. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by RBC Capital Markets on Friday, July 28.

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