Mosaic Family Wealth LLC Has $221,000 Stake in American Tower Corp (AMT)

Mosaic Family Wealth LLC Has $221,000 Stake in American Tower Corp (AMT)

Other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC acquired a new position in American Tower Corp during the fourth quarter worth approximately $104,000. Webster Bank N. A. boosted its position in American Tower Corp by 86.1% in the first quarter. Webster Bank N. A. now owns 1,005 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 465 shares during the period. Hemenway Trust Co LLC acquired a new position in American Tower Corp during the fourth quarter worth approximately $124,000. FNY Partners Fund LP acquired a new position in American Tower Corp during the fourth quarter worth approximately $137,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in American Tower Corp during the fourth quarter worth approximately $148,000. 93.07% of the stock is owned by institutional investors.

Mosaic Family Wealth LLC maintained its position in American Tower Corp (NYSE:AMT) during the first quarter, Holdings Channel reports. The institutional investor owned 1,815 shares of the real estate investment trust’s stock at the end of the first quarter. Mosaic Family Wealth LLC’s holdings in American Tower Corp were worth $221,000 as of its most recent SEC filing.

Shares of American Tower Corp (AMT) traded up 0.11% during midday trading on Wednesday, reaching $132.27. The company had a trading volume of 724,711 shares. The company has a market capitalization of $56.22 billion, a PE ratio of 63.87 and a beta of 0.61. The company has a 50 day moving average of $126.81 and a 200 day moving average of $113.52. American Tower Corp has a one year low of $99.72 and a one year high of $137.12.

American Tower Corp (NYSE:AMT) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by $0.84. American Tower Corp had a net margin of 17.37% and a return on equity of 14.05%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts predict that American Tower Corp will post $2.96 EPS for the current fiscal year.

A number of research firms have recently commented on AMT. Royal Bank of Canada boosted their price target on American Tower Corp from $134.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Zacks Investment Research upgraded American Tower Corp from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Thursday, May 4th. Guggenheim upgraded American Tower Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $135.00 in a research report on Monday, April 10th. Jefferies Group LLC restated a “buy” rating and set a $136.00 price objective on shares of American Tower Corp in a research report on Monday, April 3rd. Finally, Pacific Crest boosted their price objective on American Tower Corp to $132.00 in a research report on Wednesday, March 22nd. Ten investment analysts have rated the stock with a buy rating, American Tower Corp currently has an average rating of “Buy” and a consensus target price of $134.67.

In other news, Chairman James D. Taiclet, Jr. sold 69,760 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $114.62, for a total transaction of $7,995,891.20. Following the transaction, the chairman now directly owns 324,929 shares of the company’s stock, valued at $37,243,361.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William H. Hess sold 90,489 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $120.96, for a total value of $10,945,549.44. Following the transaction, the executive vice president now directly owns 126,987 shares in the company, valued at $15,360,347.52. The disclosure for this sale can be found here. Insiders have sold 303,051 shares of company stock worth $36,811,944 over the last ninety days. Insiders own 0.95% of the company’s stock.

About American Tower Corp

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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