American Tower (AMT) Shareholder Halsey Associates INC Cut Its Stake

March 21, 2018 - By Peter Erickson

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It improved, 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. Westover Capital Advisors has 1.15% invested in American Tower Corporation (NYSE:REIT) for 14,338 shares. Invesco Ltd holds 0.26% in American Tower Corporation (NYSE:REIT) or 5.18 million shares. Reilly Advisors Limited invested 0% of its portfolio in American Tower Corporation (NYSE:REIT). Axel Cap Limited Co accumulated 20,000 shares. Tower Rech Ltd Limited Liability Company (Trc) has invested 0.01% in American Tower Corporation (NYSE:REIT). Wade G W And Inc owns 0.02% invested in American Tower Corporation (NYSE:REIT) for 1,483 shares. Webster Bancorp N A holds 985 shares. Natl Bank Of New York Mellon has 4.00M shares. M&T Bankshares Corporation invested in 315,746 shares. Coldstream Management reported 17,875 shares or 0.28% of all its holdings. 5,085 are owned by Lombard Odier Asset Mngmt (Europe). Quantitative Systematic Strategies Ltd Company invested in 0.13% or 3,553 shares. Efg Asset (Americas) holds 1.13% in American Tower Corporation (NYSE:REIT) or 21,810 shares. Pax Management Ltd Company invested 0.89% of its portfolio in American Tower Corporation (NYSE:REIT). Meiji Yasuda Asset Limited reported 12,826 shares stake.

Since September 22, 2017, it had 0 insider buys, and 7 insider sales for $16.22 million activity. $228,793 worth of American Tower Corporation (NYSE:REIT) shares were sold by SHARBUTT DAVID E. On Monday, December 11 the insider TAICLET JAMES D JR sold $4.94 million. The insider THOMPSON SAMME L sold 5,000 shares worth $715,800. Shares for $4.11 million were sold by HESS WILLIAM H. Another trade for 845 shares valued at $124,071 was sold by REED JOANN A.

Halsey Associates Inc decreased its stake in American Tower (AMT) by 20.45% based on its latest 2017Q3 regulatory filing with the SEC. Halsey Associates Inc sold 22,782 shares as the company’s stock rose 18.69% with the market. The institutional investor held 88,637 shares of the real estate investment trusts company at the end of 2017Q3, valued at $12.12 million, down from 111,419 at the end of the previous reported quarter. Halsey Associates Inc who had been investing in American Tower for a number of months, seems to be less bullish one the $63.20 billion market cap company. The stock increased 0.82% or $1.19 during the last trading session, reaching $146.31. About 2.49 million shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since March 21, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

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 has $177.0 highest and $100 lowest target. $149.16’s average target is 1.95% above currents $146.31 stock price. American Tower Corporation had 71 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. Macquarie Research maintained it with “Buy” rating and $165.0 target in Wednesday, November 1 report. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, December 13 report. Jefferies maintained American Tower Corporation (NYSE:REIT) on Monday, July 3 with “Buy” rating. The company was upgraded on Tuesday, April 11 by Guggenheim. As per Tuesday, July 18, the company rating was maintained by Cowen & Co. As per Monday, September 11, the company rating was maintained by UBS. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Stifel Nicolaus on Monday, October 31. Citigroup maintained the shares of AMT in report on Monday, March 5 with “Buy” rating. On Wednesday, September 13 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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