Economy

American Tower Corp Institutional Investor Sentiment Up in 2017 Q2

About 2.12M shares traded. With 909,200 avg volume, 2 days are for Tower Semiconductor Limited Ord (NASDAQ:TSEM)'s short sellers to cover TSEM's short positions. American Tower Corporation (REIT) comprises approximately 2.4% of DF Dent & Co. It closed at $19.6 lastly. It has underperformed by 3.46% the S&P500.

Analysts await American Tower Corp (NYSE:AMT) to report earnings on October, 26. After $1.68 actual EPS reported by American Tower Corp for the previous quarter, Wall Street now forecasts -4.17 % negative EPS growth. The Beck Mack & Oliver Llc holds 692,742 shares with $22.15 million value, down from 741,362 last quarter.

American Tower Corporation is a holding company. The stock increased 0.03% or $0.04 on October 9, reaching $137.94. About 7,800 shares traded. About shares traded. American Tower Corp (NYSE:AMT) has risen 23.66% since October 10, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Among 17 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 63% are positive.

Gam Holding Ag owns 0.26% invested in American Tower Corp (NYSE:AMT) for 131,447 shares. Cowen & Co has "Buy" rating and $15500 target. American Tower Corp (NYSE:AMT) has risen 23.66% since October 9, 2016 and is uptrending. The firm has "Buy" rating by Oppenheimer given on Tuesday, August 8. Keefe, Bruyette & Woods started coverage on ProAssurance Corporation in a research report on Monday, July 17th. Magnetar Fincl Limited Liability Corporation has invested 0.04% of its portfolio in American Tower Corp (NYSE:AMT). Piper Jaffray has "Hold" rating and $4800 target. On Wednesday, September 13 the stock rating was maintained by Stifel Nicolaus with "Buy". On Friday, July 29 the stock rating was maintained by Jefferies with "Buy".

Shawn Bergerson decreased its stake in Old Rep Intl Corp (ORI) by 12.36% based on its latest 2017Q2 regulatory filing with the SEC. Home Depot Inc (NYSE:HD) was reduced too.

Looking forward, the company's quarterly earnings are expected to come at $1.61 in the three months through September 2017 and $1.66 in the quarter ending December 2017, reflecting 8.05% and 12.93% growth, respectively. It last reported revenues of $1.66 billion and EPS of $0.8 for the June 2017, representing 15% top-line growth and 0.37 EPS growth.

Nationwide Fund Advisors raised its stake in ProAssurance Corporation (NYSE:PRA) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Earnest Prns Limited Liability Corporation has invested 0.78% in American Tower Corp (NYSE:AMT). The stock rose 0.65% or $0.25 reaching $38.71. Angelo Gordon Com Lp accumulated 1.17% or 179,800 shares. New York-based Bank & Trust Of Mellon Corporation has invested 0.15% in American Tower Corp (NYSE:AMT). Moreover, Aperio Group Ltd Liability Corp has 0.18% invested in American Tower Corp (NYSE:AMT) for 222,642 shares. Dekabank Deutsche Girozentrale reported 124,803 shares or 0.03% of all its holdings. Michigan-based State Treasurer State Of Michigan has invested 0.14% in American Tower Corp (NYSE:AMT). Altfest L J And Inc accumulated 9,099 shares. Winfield Assocs reported 0.51% stake.

Since April 28, 2017, it had 0 buys, and 4 insider sales for $7.07 million activity. Meyer Robert Joseph JR also sold $5.13 million worth of American Tower Corp (NYSE:AMT) on Friday, April 28. More interesting news about American Tower Corp (NYSE:AMT) were released by: Seekingalpha.com and their article: "More Dividend Power For American Tower" published on September 18, 2017 as well as Nasdaq.com's news article titled: "American Tower Corporation (REIT) (AMT) Ex-Dividend Date Scheduled for ..." with publication date: September 27, 2017.

Investors sentiment increased to 0.78 in Q2 2017. Its up 0.01, from 1.15 in 2017Q1. It increased, as 84 investors sold DVN shares while 210 reduced holdings. 103 funds opened positions while 405 raised stakes.

Several other institutional investors have also bought and sold shares of the company. First Financial In reported 3,817 shares. California Pub Employees Retirement Systems stated it has 36,800 shares or 0% of all its holdings. Janney Montgomery Scott Limited Liability Co owns 50,137 shares. Lmr Llp holds 88,263 shares. Beaumont Ltd Com holds 0.05% or 2,841 shares. Architects, a New Jersey-based fund reported 2,500 shares. Cullen Frost Bankers holds 0.35% or 79,444 shares.

Capital International Ltd increased Danaher Corp (NYSE:DHR) stake by 15,510 shares to 382,920 valued at $32.32 million in 2017Q2. Creative Planning reported 0% in Sorrento Therapeutics Inc (NASDAQ:SRNE). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 123,172 shares.

Sorrento Therapeutics, Inc.is a biopharmaceutical company. The company has a market cap of $59.16 billion, a price-to-earnings ratio of 55.1422 and a beta of 0.69. The Company's primary therapeutic focus is oncology, including the treatment of chronic cancer pain.

Wall Street analysts are have a consensus analyst recommendation of 1.70 on the stock.

Ratings analysis reveals 94% of American Tower Corporation's analysts are positive. As per Wednesday, August 17, the company rating was maintained by Argus Research. As per Thursday, August 3, the company rating was maintained by Barclays Capital. The stock has "Buy" rating by Macquarie Research on Friday, July 28. The firm earned "Buy" rating on Tuesday, July 4 by Stifel Nicolaus. The stock has "Buy" rating by MLV on Monday, August 3. The company was maintained on Thursday, August 24 by Morgan Stanley. The stock of American Tower Corp (NYSE:AMT) has "Hold" rating given on Wednesday, August 26 by Zacks. H.C. Wainwright maintained the shares of SRNE in report on Monday, September 18 with "Buy" rating. rean maintained the stock with "Buy" rating in Wednesday, November 25 report.



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