American Tower New (AMT) Stake Maintained by Clarivest Asset Management Llc; V3 Capital Management LP Has Lifted Macerich Co (MAC) Holding by $19.88 Million

May 25, 2018 - By William Brooks

American Tower Corporation (NYSE:REIT) Logo

V3 Capital Management Lp increased its stake in Macerich Co (MAC) by 23.17% based on its latest 2017Q4 regulatory filing with the SEC. V3 Capital Management Lp bought 305,821 shares as the company’s stock declined 14.88% with the market. The hedge fund held 1.63 million shares of the real estate investment trusts company at the end of 2017Q4, valued at $106.78 million, up from 1.32M at the end of the previous reported quarter. V3 Capital Management Lp who had been investing in Macerich Co for a number of months, seems to be bullish on the $8.29 billion market cap company. The stock decreased 1.19% or $0.66 during the last trading session, reaching $54.75. About 706,802 shares traded. Macerich Company (NYSE:MAC) has declined 12.03% since May 25, 2017 and is downtrending. It has underperformed by 23.58% the S&P500.

Clarivest Asset Management Llc increased its stake in American Tower Corp New (AMT) by 63.97% based on its latest 2017Q4 regulatory filing with the SEC. Clarivest Asset Management Llc bought 95,462 shares as the company’s stock rose 2.70% while stock markets declined. The institutional investor held 244,685 shares of the real estate investment trusts company at the end of 2017Q4, valued at $34.91M, up from 149,223 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $59.85 billion market cap company. The stock decreased 0.97% or $1.33 during the last trading session, reaching $135.5. About 1.73 million shares traded. American Tower Corporation (NYSE:AMT) has risen 20.37% since May 25, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

Clarivest Asset Management Llc, which manages about $3.41 billion and $5.82 billion US Long portfolio, decreased its stake in Vse Corp (NASDAQ:VSEC) by 14,000 shares to 64,488 shares, valued at $3.12 million in 2017Q4, according to the filing. It also reduced its holding in Cabot Microelectronics Corp (NASDAQ:CCMP) by 17,780 shares in the quarter, leaving it with 99,421 shares, and cut its stake in Oracle Corp (NYSE:ORCL).

Since December 11, 2017, it had 0 insider buys, and 8 sales for $17.20 million activity. Shares for $715,800 were sold by THOMPSON SAMME L. TAICLET JAMES D JR sold 34,667 shares worth $4.94M. 1,584 shares valued at $228,793 were sold by SHARBUTT DAVID E on Wednesday, December 13. REED JOANN A also sold $124,071 worth of American Tower Corporation (NYSE:REIT) shares. DiSanto Edmund sold $1.99M worth of stock. HESS WILLIAM H sold $4.11M worth of stock.

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. The stock has “Buy” rating by Guggenheim on Tuesday, April 11. As per Wednesday, August 26, the company rating was upgraded by Zacks. As per Wednesday, November 29, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, March 27 by Citigroup. JP Morgan maintained it with “Overweight” rating and $108 target in Wednesday, October 7 report. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Macquarie Research on Wednesday, November 1. The stock of American Tower Corporation (NYSE:REIT) earned “Overweight” rating by Morgan Stanley on Thursday, August 6. Oppenheimer maintained American Tower Corporation (NYSE:REIT) rating on Thursday, July 27. Oppenheimer has “Buy” rating and $15500 target. The stock of American Tower Corporation (NYSE:REIT) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Thursday, June 16 report.

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. Country Tru Natl Bank holds 0% or 55 shares. Great West Life Assurance Can holds 0.12% or 367,060 shares. 400 were accumulated by D Scott Neal Incorporated. Retirement Systems Of Alabama, Alabama-based fund reported 428,029 shares. Atria Investments Ltd Limited Liability Company has invested 0.03% of its portfolio in American Tower Corporation (NYSE:REIT). 208,658 are owned by Teacher Retirement Sys Of Texas. Atlantic Grp Ltd Liability Corp accumulated 2.04M shares or 1.23% of the stock. 160,146 were reported by Torray Limited Liability Company. Schwab Charles Investment owns 1.68M shares for 0.19% of their portfolio. Moreover, Truenorth has 1.21% invested in American Tower Corporation (NYSE:REIT) for 18,923 shares. Kentucky Retirement System Tru Fund holds 11,389 shares or 0.27% of its portfolio. Westover Capital Advisors Llc invested in 14,737 shares. Lombard Odier Asset Management (Europe) reported 4,866 shares stake. Asset Mgmt Inc invested in 0.21% or 44,339 shares. Gofen And Glossberg Limited Liability Company Il invested 0.19% in American Tower Corporation (NYSE:REIT).

Among 24 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. The Macerich Company had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Mizuho on Monday, November 7 to “Buy”. The firm has “Neutral” rating by Mizuho given on Tuesday, May 30. The stock of Macerich Company (NYSE:MAC) has “Sector Perform” rating given on Wednesday, October 7 by RBC Capital Markets. The rating was initiated by Deutsche Bank with “Hold” on Tuesday, July 21. The company was maintained on Friday, February 9 by Deutsche Bank. Wells Fargo upgraded Macerich Company (NYSE:MAC) on Tuesday, December 19 to “Outperform” rating. The stock of Macerich Company (NYSE:MAC) has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock has “Sell” rating by Goldman Sachs on Friday, March 17. Evercore upgraded the stock to “Hold” rating in Friday, January 26 report. The stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Sandler O’Neill on Tuesday, January 23.

More news for Macerich Company (NYSE:MAC) were recently published by: Seekingalpha.com, which released: “Macerich: Takeover Target?” on May 21, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights BlackRock Capital Investment, Tootsie Roll Industries, Catalyst Biosciences …” and published on May 23, 2018 is yet another important article.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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