Man Group plc Has $161.85 Million Stake in American Tower Corporation $AMT

Man Group plc grew its holdings in American Tower Corporation (NYSE:AMT) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 989,462 shares of the real estate investment trust’s stock after buying an additional 163,324 shares during the quarter. Man Group plc’s holdings in American Tower were worth $161,846,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. raised its position in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. Swiss RE Ltd. acquired a new stake in American Tower during the fourth quarter valued at approximately $25,000. Allied Private Wealth LLC bought a new stake in shares of American Tower in the 2nd quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in shares of American Tower in the 3rd quarter worth approximately $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of American Tower in the 4th quarter worth approximately $29,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Tower

In other news, CFO Robert Joseph Meyer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at $3,833,254.92. This trade represents a 18.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ruth T. Dowling sold 1,106 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the transaction, the executive vice president directly owned 27,711 shares in the company, valued at $4,848,316.56. This trade 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. Over the last 90 days, insiders sold 6,791 shares of company stock valued at $1,204,091. Corporate insiders own 0.08% of the company’s stock.

American Tower Stock Up 0.2%

NYSE:AMT opened at $178.66 on Wednesday. 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 Corporation has a 12-month low of $160.06 and a 12-month high of $209.10. The stock’s fifty day simple moving average is $171.00 and its 200-day simple moving average is $177.83. The firm has a market capitalization of $83.25 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 0.90.

American Tower (NYSE:AMT) last announced its quarterly earnings results 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. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Equities research analysts expect that American Tower Corporation will post 10.8 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMT. Sanford C. Bernstein reissued an “outperform” rating and set a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. Jefferies Financial Group reduced their price target on shares of American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a research note on Tuesday, July 28th. BMO Capital Markets lifted their target price on shares of American Tower from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Finally, TD Cowen boosted their target price on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Tower 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.