American Tower Corporation $AMT Shares Purchased by Sone Capital Management LLC

Sone Capital Management LLC grew its holdings in American Tower Corporation (NYSE:AMT) by 373.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,247 shares of the real estate investment trust’s stock after purchasing an additional 156,412 shares during the period. American Tower comprises 2.5% of Sone Capital Management LLC’s portfolio, making the stock its 4th largest holding. Sone Capital Management LLC’s holdings in American Tower were worth $32,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its position in American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of American Tower during the 4th quarter valued at about $25,000. Allied Private Wealth LLC acquired a new position in American Tower in the second quarter worth approximately $29,000. Triumph Capital Management bought a new position in American Tower during the third quarter valued at approximately $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in American Tower in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the sale, the chief financial officer directly owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total transaction of $193,505.76. Following the sale, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock valued at $1,204,091 in the last ninety days. 0.08% of the stock is owned by company insiders.

American Tower Stock Performance

Shares of NYSE AMT opened at $178.38 on Tuesday. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $211.91. The company has a market cap of $83.12 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.78 and a beta of 0.90. The business’s 50 day moving average is $171.11 and its two-hundred day moving average is $177.82. 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 (NYSE:AMT) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $1.14. The business 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%. American Tower’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts expect that American Tower Corporation will post 10.8 EPS for the current year.

Analyst Ratings Changes

AMT has been the topic of several analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $260.00 target price on shares of American Tower in a research report on Wednesday, April 29th. BMO Capital Markets increased their price objective on American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $210.00 target price on American Tower in a report on Tuesday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $214.00 price target on shares of American Tower in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.29.

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.