Mar Vista Investment Partners LLC Increased Its American Tower Corp (AMT) Stake

June 27, 2018 - By Charla Downs

American Tower Corporation (NYSE:REIT) Corporate LogoBig Money Sentiment decreased to 1.18 in 2018 Q1. It has change of 0.07, from 2017Q4’s 1.25. The ratio worsened due to AMT positioning: 49 sold and 291 reduced. 94 funds acquired positions and 308 increased positions. Investors holded 377.89 million in 2017Q4 but now own 389.87 million shares or 3.17% more. Deutsche Bancorp Ag holds 5.33M shs. Pettyjohn Wood And White Inc stated it has 0.58% of its capital in American Tower Corporation (NYSE:REIT). Moreover, Citizens And Northern has 1.46% invested in American Tower Corporation (NYSE:REIT). Nj State Employees Deferred Compensation Plan accumulated 30,000 shs. Da Davidson And Co has invested 0.04% of its capital in American Tower Corporation (NYSE:REIT). Adell Harriman And Carpenter holds 74,551 shs. Thomas White Intl Limited holds 6,048 shs. The Maryland-based Torray Ltd Liability Corp has invested 2.4% in American Tower Corporation (NYSE:REIT). Bp Pcl owns 67,000 shs or 0.35% of their US capital. First Long Island Investors Limited Liability Corporation owns 39,451 shs. Manchester Capital Mgmt Ltd Liability, a Vermont-based fund reported 2,324 shs. Groesbeck Invest Management Corp Nj owns 1,950 shs or 0.21% of their US capital. Klingenstein Fields And Ltd Liability has 272,302 shs for 1.51% of their capital. Mufg Americas Hldg, a New York-based fund reported 121,388 shs. The Washington-based Cornerstone has invested 0.12% in American Tower Corporation (NYSE:REIT).

AMT registered $24.06 million net activity with 0 insider purchases and 8 insider sales since January 2, 2018. On Tuesday, May 29 $5.94 million worth of American Tower Corporation (NYSE:REIT) was sold by TAICLET JAMES D JR. On Wednesday, March 14 REED JOANN A sold $124,071 worth of American Tower Corporation (NYSE:REIT). Shares for $4.11 million were sold by HESS WILLIAM H. $512,246 worth of stock was sold by THOMPSON SAMME L on Tuesday, March 20. DiSanto Edmund sold $1.99M worth of American Tower Corporation (NYSE:REIT) or 14,223 shs on Thursday, May 10.

Based on the latest 2018Q1 regulatory filing with the SEC, Mar Vista Investment Partners Llc increased its holdings in American Tower Corp (AMT) by 2.75%. The company’s stock declined 4.49% with the market as Mar Vista Investment Partners Llc bought 26,594 shares. At the end of 2018Q1, the 995,146 shares of the real estate investment trusts company held by the institutional investor were valued at $144.64M, up from 968,552 at the end of the previous reported quarter. American Tower Corp has $63.30B MC. REIT touched $143.32 during the last trading session after $0.15 change.Currently American Tower Corporation is uptrending after 4.03% change in last June 27, 2017. REIT has 187,990 shares volume. REIT underperformed the S&P 500 by 8.54%.

A portfolio of $1.80 billion and $2.52 billion is managed by Mar Vista Investment Partners Llc. As it’s registered in Securities and Exchange form the stake in Markel Corp (NYSE:MKL) is decreased by 3,845 shares to 130,076 shares. They are valued at $152.22 million in 2018Q1. Mar Vista Investment Partners Llc has cut its stake in Amazon.Com Inc (NASDAQ:AMZN) and also reduced its holding in Cl C by 3,794 shares in the quarter, for a total of 102,767 shares.

American Tower Corporation (NYSE:REIT) Ratings Coverage

A total of 4 analysts rate American Tower Corp (NYSE:AMT) as follows: 4 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. The firm has $171.0 highest and $154 lowest target. The avg target $161.25 is 12.51% above the last ($143.32) price. (NYSE:AMT) has 6 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Monday, March 5 the stock has “Buy” rating by Citigroup. On Tuesday, February 27 the stock has “Buy” rating by KeyBanc Capital Markets. On Tuesday, March 27 the stock has “Buy” rating by Citigroup. On Thursday, May 31 the stock of American Tower Corporation (NYSE:REIT) earned “Overweight” rating by Morgan Stanley. On Friday, March 16 the company was maintained by Morgan Stanley.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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