American Tower New (AMT) Holder Cadian Capital Management LP Has Raised Its Stake by $4.26 Million; Thomas Story & Son Has Lowered Its Crown Castle Intl (CCI) Position by $482,850

May 20, 2018 - By Ellis Scott

Crown Castle International Corp. (NYSE:REIT) Logo

Eric Bannasch increased its stake in American Tower Corp New (AMT) by 9.21% based on its latest 2017Q4 regulatory filing with the SEC. Cadian Capital Management Lp bought 30,000 shares as the company’s stock rose 2.70% while stock markets declined. The hedge fund run by Eric Bannasch held 355,885 shares of the real estate investment trusts company at the end of 2017Q4, valued at $50.77M, up from 325,885 at the end of the previous reported quarter. Cadian Capital Management Lp who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $60.53 billion market cap company. The stock increased 0.15% or $0.2 during the last trading session, reaching $137.05. About 3.56 million shares traded or 43.72% up from the average. American Tower Corporation (NYSE:AMT) has risen 20.37% since May 20, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

Thomas Story & Son Llc decreased its stake in Crown Castle Intl Corp (CCI) by 12.72% based on its latest 2017Q4 regulatory filing with the SEC. Thomas Story & Son Llc sold 4,350 shares as the company’s stock rose 1.95% while stock markets declined. The institutional investor held 29,835 shares of the real estate investment trusts company at the end of 2017Q4, valued at $3.31 million, down from 34,185 at the end of the previous reported quarter. Thomas Story & Son Llc who had been investing in Crown Castle Intl Corp for a number of months, seems to be less bullish one the $42.41B market cap company. The stock increased 0.31% or $0.32 during the last trading session, reaching $102.23. About 1.98M shares traded. Crown Castle International Corp. (NYSE:CCI) has risen 17.78% since May 20, 2017 and is uptrending. It has outperformed by 6.23% the S&P500.

Since December 11, 2017, it had 0 buys, and 8 sales for $17.20 million activity. 14,223 shares valued at $1.99M were sold by DiSanto Edmund on Thursday, May 10. 32,943 American Tower Corporation (NYSE:REIT) shares with value of $4.57M were sold by Sharma Amit. 28,291 shares were sold by HESS WILLIAM H, worth $4.11M on Saturday, March 10. Shares for $124,071 were sold by REED JOANN A. Another trade for 1,584 shares valued at $228,793 was made by SHARBUTT DAVID E on Wednesday, December 13. TAICLET JAMES D JR sold $4.94M worth of stock.

Cadian Capital Management Lp, which manages about $5.56B and $1.64 billion US Long portfolio, decreased its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 1.31 million shares to 2.73 million shares, valued at $100.39 million in 2017Q4, according to the filing. It also reduced its holding in Zendesk Inc (NYSE:ZEN) by 86,343 shares in the quarter, leaving it with 3.01M shares, and cut its stake in Electronics For Imaging Inc (NASDAQ:EFII).

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.05, from 1.2 in 2017Q3. It is positive, as 47 investors sold AMT shares while 280 reduced holdings. 107 funds opened positions while 301 raised stakes. 377.89 million shares or 0.11% less from 378.31 million shares in 2017Q3 were reported. First Heartland Consultants accumulated 2,680 shares or 0.11% of the stock. Moneta Gru Inv Advsr Ltd Llc has 5,854 shares. Torray Limited Liability Company has invested 2.25% in American Tower Corporation (NYSE:REIT). Edgestream Ptnrs Ltd Partnership has 4,383 shares. Clough Prtnrs Lp owns 73,500 shares. Westover Cap Advsr Lc stated it has 1.16% in American Tower Corporation (NYSE:REIT). The New York-based Manor Road Ptnrs Limited Liability Company has invested 5.97% in American Tower Corporation (NYSE:REIT). Bnp Paribas Asset has 0.04% invested in American Tower Corporation (NYSE:REIT). Monetary Mgmt Gp Inc accumulated 675 shares. Ameritas Investment Ptnrs holds 0.12% or 19,093 shares in its portfolio. Hudson Valley Advsr Inc Adv invested 0.65% in American Tower Corporation (NYSE:REIT). Buckingham Cap Mngmt reported 0.08% stake. Dearborn Ltd Llc holds 1.28% in American Tower Corporation (NYSE:REIT) or 124,738 shares. The Delaware-based Cortland Advisers Ltd Liability Company has invested 2.9% in American Tower Corporation (NYSE:REIT). Envestnet Asset Mngmt holds 0.04% or 140,083 shares in its portfolio.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 72 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained American Tower Corporation (NYSE:REIT) rating on Monday, November 2. Stifel Nicolaus has “Buy” rating and $120 target. Cowen & Co maintained American Tower Corporation (NYSE:REIT) rating on Friday, July 28. Cowen & Co has “Buy” rating and $16100 target. The rating was maintained by Jefferies with “Buy” on Monday, August 7. The firm has “Buy” rating by Guggenheim given on Tuesday, April 11. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, November 1 report. The rating was maintained by Citigroup on Monday, March 5 with “Buy”. The rating was initiated by Macquarie Research on Tuesday, December 6 with “Outperform”. The firm has “Buy” rating given on Friday, July 28 by RBC Capital Markets. The firm earned “Buy” rating on Monday, August 28 by Citigroup. The rating was maintained by Argus Research with “Buy” on Thursday, August 3.

Among 21 analysts covering Crown Castle International Corp (NYSE:CCI), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Crown Castle International Corp had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Crown Castle International Corp. (NYSE:REIT) earned “Overweight” rating by Morgan Stanley on Thursday, August 24. The stock has “Buy” rating by SunTrust on Wednesday, December 6. The stock of Crown Castle International Corp. (NYSE:REIT) earned “Neutral” rating by Citigroup on Friday, July 21. The stock has “Buy” rating by RBC Capital Markets on Monday, October 2. The company was maintained on Monday, October 23 by Wells Fargo. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Equal-Weight”. Oppenheimer downgraded the stock to “Hold” rating in Sunday, October 15 report. The stock of Crown Castle International Corp. (NYSE:REIT) earned “Hold” rating by KeyBanc Capital Markets on Monday, November 27. The stock has “Buy” rating by Cowen & Co on Thursday, October 19. The firm has “Hold” rating by Evercore given on Tuesday, July 21.

Crown Castle International Corp. (NYSE:REIT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Ellis Scott

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: