Commonwealth Bank Of Australia Increased Its American Tower Corp (AMT) Stake by $21.39 Million

June 29, 2018 - By Susanne Funderburg

American Tower Corporation (NYSE:REIT) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 1.18. That’s change of 0.07, from 2017Q4’s 1.25. 49 investors sold all, 291 reduced holdings as AMT ratio turned negative. 308 increased holdings while 94 funds amassed holdings. Funds hold 389.87 million shares thus 3.17% more from 2017Q4’s 377.89 million shares. Comerica Commercial Bank stated it has 0.16% of its capital in American Tower Corporation (NYSE:REIT). Wms Prtn Ltd holds 120,989 shs or 2.09% of its capital. Winslow Capital Limited Liability Co invested in 2.32M shs. Amica Pension Fund Board Of Trustees holds 0.67% or 33,475 shs in its capital. Baystate Wealth Mngmt Ltd Co holds 0.16% or 7,743 shs. Johnson Counsel Inc holds 0.04% of its capital in American Tower Corporation (NYSE:REIT) for 10,509 shs. Cls Invests Lc has 0% invested in American Tower Corporation (NYSE:REIT) for 32 shs. Sentry Corp reported 0.44% stake. 258,544 are owned by Stifel Corp. Federated Investors Pa stated it has 0.02% in American Tower Corporation (NYSE:REIT). Vantage Inv Ltd Com owns 300 shs for 0.01% of their capital. Moreover, Salem Invest Counselors has 0% invested in American Tower Corporation (NYSE:REIT) for 200 shs. Bb&T Securities Lc reported 20,656 shs. Nuveen Asset Mgmt Ltd Limited Liability Company reported 548,048 shs or 0.52% of all its holdings. Natixis LP reported 62,320 shs.

AMT registered $24.06 million net activity with 0 buys and 8 selling transactions since January 2, 2018. Sharma Amit also sold $4.57M worth of American Tower Corporation (NYSE:REIT) shs. The insider DiSanto Edmund sold 14,223 shs worth $1.99 million. THOMPSON SAMME L had sold 3,500 shs worth $512,246 on Tuesday, March 20. On Saturday, March 10 HESS WILLIAM H sold $4.11M worth of American Tower Corporation (NYSE:REIT) or 28,291 shs. Another trade for 845 shs valued at $124,071 was sold by REED JOANN A.

Commonwealth Bank Of Australia’s holdings in American Tower Corp (AMT) is rose by 5.6% based on its latest 2018Q1 regulatory filing with the SEC. 147,491 shares were bought by Commonwealth Bank Of Australia as the company’s stock declined 4.49% with the market. The real estate investment trusts company announced $403.44 million value for the 2018Q1. Now the institutional investor is holding 2.78 million shares, compared to the 2.63 million from the previous quarter. American Tower Corp has $63.88 billion market cap. The stock increased 0.26% or $0.38 during the last trading session, touching $144.64.Currently American Tower Corporation is uptrending after 4.03% change in last June 29, 2017. REIT has 524,964 shares volume. The stock underperformed the S&P500 by 8.54%.

Commonwealth Bank Of Australia manages about $9.23 billion US Long portfolio. It reduced its stake in Kinder Morgan Inc (NYSE:KMI) by 4.62 million shares to 23.90M shares, valued at $357.58 million in 2018Q1, according to the filing. Commonwealth Bank Of Australia has cut its stake in Teck Resources Ltd (NYSE:TCK) and also reduced its holding in Ansys Inc (NASDAQ:ANSS) by 40,614 shares in the quarter, for a total of 462,988 shares.

American Tower Corporation (NYSE:REIT) Ratings Coverage

In total 4 analysts cover American Tower Corp (NYSE:AMT). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. (NYSE:AMT) has 100% bullish analysts. 6 are the (NYSE:AMT)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. On Friday, March 16 the rating was maintained by Morgan Stanley with “Overweight”. The company rating was maintained by Citigroup on Monday, March 5. On Tuesday, March 27 Citigroup maintained American Tower Corporation (NYSE:REIT) rating. Citigroup has “Buy” rating and $161 target. On Thursday, May 31 Morgan Stanley maintained the shares of AMT in report with “Overweight” rating. On Tuesday, February 27 the stock has “Buy” rating by KeyBanc Capital Markets.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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