Susquehanna Fundamental Investments LLC Invests $3.06 Million in American Tower Corporation $AMT

Susquehanna Fundamental Investments LLC purchased a new stake in shares of American Tower Corporation (NYSE:AMT) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 18,678 shares of the real estate investment trust’s stock, valued at approximately $3,055,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of American Tower by 113.0% in the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the period. Sivia Capital Partners LLC increased its stake in shares of American Tower by 34.3% during the second quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 368 shares during the period. United Bank increased its stake in shares of American Tower by 12.7% during the second quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 733 shares during the period. Treasurer of the State of North Carolina raised its holdings in American Tower by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after purchasing an additional 4,778 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in American Tower by 52.2% during the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock worth $7,570,000 after purchasing an additional 11,751 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Trading Down 0.2%

American Tower stock opened at $175.94 on Tuesday. The company has a 50 day moving average price of $170.86 and a 200 day moving average price of $177.88. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $205.21. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $81.98 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.79 and a beta of 0.90.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AMT shares. Mizuho set a $208.00 price target on American Tower in a research note on Thursday, August 20th. TD Cowen upped their price objective on American Tower from $225.00 to $227.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wolfe Research upgraded shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a research report on Wednesday, July 8th. Truist Financial reissued a “buy” rating and issued a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of American Tower in a research note on Wednesday, July 29th. One research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $215.29.

Insider Activity

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $177.00 per share, for a total transaction of $500,733.00. Following the transaction, the director owned 7,765 shares of the company’s stock, valued at $1,374,405. The trade was a 57.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. This trade represents a 18.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,791 shares of company stock worth $1,204,091. 0.08% of the stock is owned by corporate insiders.

American Tower Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.