Engineers Gate Manager LP Purchases Shares of 72,676 American Tower Corporation $AMT

Key Points

• Engineers Gate Manager LP purchased 72,676 American Tower shares worth approximately $11.9 million in the second quarter. Institutional investors collectively own 92.69% of AMT.
• American Tower reported quarterly EPS of $2.71, exceeding the $1.57 analyst consensus, while revenue rose 4.6% year over year to $2.75 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $215.29.
• AMT shares opened at $172.76, below the 52-week high of $199.13. Recent insider activity was mixed: the CFO sold 5,000 shares, while a director purchased 2,829 shares.

Engineers Gate Manager LP purchased a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,676 shares of the real estate investment trust's stock, valued at approximately $11,888,000.

A number of other large investors also recently modified their holdings of AMT. Operose Advisors LLC purchased a new stake in shares of American Tower during the 2nd quarter worth about $25,000. Swiss RE Ltd. acquired a new stake in American Tower during the 4th quarter worth approximately $25,000. Allied Private Wealth LLC purchased a new position in American Tower in the second quarter valued at approximately $29,000. Triumph Capital Management purchased a new position in American Tower in the third quarter valued at approximately $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the fourth quarter valued at approximately $29,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the sale, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rajesh Kalathur purchased 2,829 shares of American Tower stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director directly owned 7,765 shares of the company's stock, valued at $1,374,405. The trade was a 57.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last quarter. Company insiders own 0.08% of the company's stock.

American Tower Stock Down 1.5%

Shares of NYSE:AMT opened at $172.76 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $199.13. The company has a 50 day moving average of $171.66 and a two-hundred day moving average of $177.16. The company has a market capitalization of $80.50 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMT. BMO Capital Markets increased their price objective on shares of American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 29th. TD Cowen lifted their target price on shares of American Tower from $225.00 to $227.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Wolfe Research raised shares of American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price target for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $214.00 price target on shares of American Tower in a report on Wednesday, July 29th. Finally, Truist Financial reissued a "buy" rating and issued a $207.00 price objective (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, American Tower has a consensus rating of "Moderate Buy" and an average target price of $215.29.

American Tower News Summary

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: American Tower successfully priced a $1.6 billion senior unsecured notes offering, consisting of $500 million due 2031, $500 million due 2033 and $600 million due 2036. The financing provides long-term capital and liquidity for general corporate purposes, including potential debt refinancing. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: Management participated in Citi’s 2026 Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference. The available reports are transcripts, and no specific new guidance or material business update was identified in the supplied information. Citi Conference Transcript Goldman Sachs Conference Transcript
• Negative Sentiment: AMT declined more than the broader market, suggesting pressure from general market conditions and the stock’s interest-rate sensitivity rather than a clearly reported deterioration in tower operations. The company’s sizable debt load makes borrowing costs and bond-market conditions important considerations for investors. American Tower Dips More Than Broader Market
• Negative Sentiment: The new notes carry fixed annual interest rates of 5.300% for the 2031 securities and 5.560% for the 2033 securities, with the 2036 tranche also adding to future interest obligations. While the offering supports liquidity, the incremental financing reinforces concerns about AMT’s leverage and interest expense. American Tower Prices Senior Notes Offering

American Tower Company Profile

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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