American Tower Corporation $AMT Shares Sold by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP sold 53,548 shares of American Tower Corporation, reducing their holdings by 7.6% to 651,384 shares, which represents about 2.2% of their investment portfolio.
• Institutional ownership of American Tower is high, with 92.69% owned by institutional investors and hedge funds.
• American Tower reported a quarterly earnings per share (EPS) of $2.60, exceeding analyst expectations, but revenue was down 9.4% year-over-year.

Liontrust Investment Partners LLP decreased its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 651,384 shares of the real estate investment trust's stock after selling 53,548 shares during the period. American Tower accounts for 2.2% of Liontrust Investment Partners LLP's portfolio, making the stock its 9th largest position. Liontrust Investment Partners LLP owned about 0.14% of American Tower worth $141,741,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of American Tower by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,534,862 shares of the real estate investment trust's stock worth $1,421,965,000 after purchasing an additional 88,120 shares during the period. Horizon Investments LLC increased its position in American Tower by 5.6% during the 1st quarter. Horizon Investments LLC now owns 13,868 shares of the real estate investment trust's stock worth $2,993,000 after purchasing an additional 731 shares in the last quarter. Sei Investments Co. raised its holdings in American Tower by 1.2% in the first quarter. Sei Investments Co. now owns 1,007,328 shares of the real estate investment trust's stock valued at $219,195,000 after buying an additional 12,320 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in American Tower by 126.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 97,495 shares of the real estate investment trust's stock valued at $21,215,000 after buying an additional 54,360 shares during the period. Finally, OneAscent Investment Solutions LLC acquired a new position in American Tower during the first quarter valued at approximately $265,000. Hedge funds and other institutional investors own 92.69% of the company's stock.

Insider Transactions at American Tower

In other American Tower news, CEO Juan Font sold 720 shares of American Tower stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $208.33, for a total value of $149,997.60. Following the completion of the transaction, the chief executive officer owned 23,425 shares of the company's stock, valued at $4,880,130.25. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is owned by company insiders.

American Tower Stock Up 1.3%

AMT stock traded up $2.5840 during mid-day trading on Wednesday, hitting $209.2340. 2,217,515 shares of the company were exchanged, compared to its average volume of 2,376,061. The firm has a fifty day simple moving average of $216.98 and a 200 day simple moving average of $212.11. The company has a market capitalization of $97.97 billion, a PE ratio of 76.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.82. American Tower Corporation has a twelve month low of $172.51 and a twelve month high of $243.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.36.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.58 billion. American Tower had a net margin of 12.60% and a return on equity of 24.85%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.79 earnings per share. American Tower has set its FY 2025 guidance at 10.460-10.650 EPS. On average, research analysts forecast that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMT shares. The Goldman Sachs Group reissued a "buy" rating on shares of American Tower in a research note on Tuesday, July 29th. Raymond James Financial set a $250.00 price target on American Tower and gave the company a "strong-buy" rating in a report on Wednesday, July 30th. HSBC cut American Tower from a "buy" rating to a "hold" rating and set a $235.00 price objective on the stock. in a research note on Wednesday, July 30th. Bank of America initiated coverage on American Tower in a research note on Monday, May 19th. They issued a "buy" rating and a $255.00 target price for the company. Finally, Hsbc Global Res downgraded American Tower from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $244.73.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.