American Tower Corp (NYSE: AMT) is -2.30% lower on its value in year-to-date trading and has touched a low of $170.46 and a high of $243.56 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 $177.17 in the last trading session, with the day’s gains setting it 2.02%.
Currently trading at $179.19, the stock is -3.91% and -9.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 1.14% at the moment leaves the stock -12.40% off its SMA200. AMT registered -17.07% loss for a year compared to 6-month gain of -8.93%. The firm has a 50-day simple moving average (SMA 50) of $197.8406 and a 200-day simple moving average (SMA200) of $204.56105.
The stock witnessed a -13.48% loss in the last 1 month and extending the period to 3 months gives it a -20.10%, and is -2.30% 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 2.24% over the week and 2.22% over the month.
American Tower Corp (AMT) has around 5643 employees, a market worth around $83.73B and $11.04B in sales. Current P/E ratio is 75.54 and Fwd P/E is 26.72. Profit margin for the company is 10.05%. Distance from 52-week low is 5.12% and -26.43% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).
The EPS is expected to grow by 53.77% this year
2470.0 institutions hold shares in American Tower Corp (AMT), with institutional investors hold 94.27% of the company’s shares. The shares outstanding are 467.28M, and float is at 465.48M with Short Float at 0.98%. Institutions hold 94.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 62.54 million shares valued at $12.16 billion. The investor’s holdings represent 13.406 of the AMT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.11 million shares valued at $7.41 billion to account for 8.1701 of the shares outstanding. The other top investors are STATE STREET CORP which holds 20.54 million shares representing 4.4023 and valued at over $4.02 billion, while COHEN & STEERS, INC. holds 3.8021 of the shares totaling 17.74 million with a market value of $3.45 billion.
American Tower Corp (AMT) Insider Activity
The most recent transaction is an insider sale by Goel Sanjay, the company’s EVP & President, Asia-Pacific. SEC filings show that Goel Sanjay sold 5,000 shares of the company’s common stock on Sep 13 ’24 at a price of $238.00 per share for a total of $1.19 million. Following the sale, the insider now owns 18621.0 shares.
Still, SEC filings show that on Sep 10 ’24, Noel Eugene M (EVP & President, U.S. Tower) disposed off 33,135 shares at an average price of $240.00 for $7.95 million. The insider now directly holds 26,740 shares of American Tower Corp (AMT).
