American Tower Corp. (NYSE: AMT) is -9.25% lower on its value in year-to-date trading and has touched a low of $154.58 and a high of $219.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMT stock was last observed hovering at around $197.34 in the last trading session, with the day’s loss setting it -1.43%.
Currently trading at $195.91, the stock is -0.80% and -1.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -0.72% at the moment leaves the stock 3.17% off its SMA200. AMT registered -4.46% loss for a year compared to 6-month gain of 8.75%. The firm has a 50-day simple moving average (SMA 50) of $12.25 and a 200-day simple moving average (SMA200) of $22.73.
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The stock witnessed a 3.40% loss in the last 1 month and extending the period to 3 months gives it a -7.66%, and is -5.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.39% over the month.
American Tower Corp. (AMT) has around 5643 employees, a market worth around $91.36B and $11.14B in sales. Current P/E ratio is 61.68 and Fwd P/E is 27.39. Profit margin for the company is 13.31%. Distance from 52-week low is 26.74% and -10.58% from its 52-week high. The company has generated returns on investments over the last 12 months (3.13%).
American Tower Corp. quarterly earnings per share for the current quarter are estimated at $1.77 with sales reaching $2.79B over the same period.The EPS is expected to grow by 120.65% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.
American Tower Corp. (AMT) Top Institutional Holders
2,369 institutions hold shares in American Tower Corp. (AMT), with institutional investors hold 95.36% of the company’s shares. The shares outstanding are 466.30M, and float is at 463.39M with Short Float at 1.11%. Institutions hold 95.19% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 60.73 million shares valued at $11.78 billion. The investor’s holdings represent 13.03% of the AMT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 35.63 million shares valued at $6.91 billion to account for 7.64% of the shares outstanding. The other top investors are State Street Corporation which holds 20.4 million shares representing 4.38% and valued at over $3.96 billion, while Wellington Management Group, LLP holds 2.64% of the shares totaling 12.29 million with a market value of $2.38 billion.
American Tower Corp. (AMT) Insider Activity
The most recent transaction is an insider sale by Smith Rodney M,the company’sEVP, CFO & Treasurer. SEC filings show that Smith Rodney M sold 11,510 shares of the company’s common stock on Mar 06 ’24 at a price of $205.71 per share for a total of $2.37 million. Following the sale, the insider now owns 62969.0 shares.
American Tower Corp. disclosed in a document filed with the SEC on Mar 04 ’24 that Vondran Steven O (President and CEO) sold a total of 3,265 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $200.42 per share for $0.65 million. Following the transaction, the insider now directly holds 58372.0 shares of the AMT stock.
Still, SEC filings show that on Mar 01 ’24, Smith Rodney M (EVP, CFO & Treasurer) disposed off 11,509 shares at an average price of $197.67 for $2.28 million. The insider now directly holds 62,969 shares of American Tower Corp. (AMT).
