American Tower Corp (NYSE: AMT) is 0.84% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMT stock was last observed hovering at around $185.82 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $184.95, the stock is 0.78% and -3.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -0.47% at the moment leaves the stock -9.43% off its SMA200. AMT registered -5.43% loss for a year compared to 6-month loss of -16.08%. The firm has a 50-day simple moving average (SMA 50) of $191.7876 and a 200-day simple moving average (SMA200) of $204.20355.
The stock witnessed a 1.67% gain in the last 1 month and extending the period to 3 months gives it a -13.13%, and is -0.07% 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 2.29% over the week and 2.32% over the month.
American Tower Corp (AMT) has around 5643 employees, a market worth around $86.43B and $11.04B in sales. Current P/E ratio is 77.97 and Fwd P/E is 27.66. Profit margin for the company is 10.05%. Distance from 52-week low is 8.50% and -24.06% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).
with sales reaching $2.51B over the same period.The EPS is expected to grow by 38.27% this year, but quarterly earnings will post -5.71% year-over-year. Quarterly sales are estimated to shrink -9.84% in year-over-year returns.
American Tower Corp (AMT) Top Institutional Holders
2412.0 institutions hold shares in American Tower Corp (AMT), with institutional investors hold 93.83% of the company’s shares. The shares outstanding are 467.28M, and float is at 466.08M with Short Float at 1.09%. Institutions hold 93.69% 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 Smith Rodney M, the company’s EVP, CFO & Treasurer. SEC filings show that Smith Rodney M sold 16,567 shares of the company’s common stock on Jan 16 ’25 at a price of $181.10 per share for a total of $3.0 million. Following the sale, the insider now owns 62792.0 shares.
Still, SEC filings show that on Sep 13 ’24, Goel Sanjay (EVP & President, Asia-Pacific) disposed off 5,000 shares at an average price of $238.00 for $1.19 million. The insider now directly holds 18,621 shares of American Tower Corp (AMT).
