Fusion Telecommunications International, Inc. (FSNN) Reaches $3.10 After 6.00% Down Move; Grand Jean Capital Management Cut American Tower (AMT) Stake By $454,920

February 17, 2018 - By Moses P. Lee

Grand Jean Capital Management Inc decreased American Tower Corp (AMT) stake by 3.57% reported in 2017Q3 SEC filing. Grand Jean Capital Management Inc sold 3,345 shares as American Tower Corp (AMT)’s stock rose 18.69%. The Grand Jean Capital Management Inc holds 90,236 shares with $12.33M value, down from 93,581 last quarter. American Tower Corp now has $60.05 billion valuation. The stock increased 2.79% or $3.8 during the last trading session, reaching $140.02. About 3.02 million shares traded or 22.44% up from the average. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 17, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

The stock of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) is a huge mover today! The stock decreased 3.73% or $0.12 during the last trading session, reaching $3.1. About 624,561 shares traded or 102.61% up from the average. Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has risen 10.45% since February 17, 2017 and is uptrending. It has underperformed by 6.25% the S&P500.The move comes after 5 months negative chart setup for the $110.30 million company. It was reported on Feb, 17 by Barchart.com. We have $2.91 PT which if reached, will make NASDAQ:FSNN worth $6.62 million less.

Since August 18, 2017, it had 0 insider purchases, and 8 insider sales for $19.04 million activity. $4.74M worth of American Tower Corporation (NYSE:REIT) shares were sold by TAICLET JAMES D JR. 5,000 shares were sold by THOMPSON SAMME L, worth $715,800 on Tuesday, January 2. 20,747 shares valued at $2.90M were sold by Sharma Amit on Friday, August 18. DiSanto Edmund had sold 10,000 shares worth $1.36 million on Friday, September 29. REEVE PAMELA D A had sold 5,000 shares worth $717,450. SHARBUTT DAVID E sold 1,584 shares worth $228,793.

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 68 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given on Thursday, August 6 by Morgan Stanley. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Citigroup on Wednesday, August 10. KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Wednesday, November 1. KeyBanc Capital Markets has “Buy” rating and $156.0 target. The firm has “Buy” rating by Jefferies given on Monday, October 16. SunTrust maintained it with “Buy” rating and $157.0 target in Tuesday, October 31 report. The stock of American Tower Corporation (NYSE:REIT) earned “Overweight” rating by Morgan Stanley on Thursday, August 24. The rating was maintained by Macquarie Research on Wednesday, November 1 with “Buy”. The firm earned “Buy” rating on Tuesday, April 11 by Guggenheim. The company was maintained on Tuesday, July 18 by Cowen & Co. On Thursday, August 31 the stock rating was maintained by RBC Capital Markets with “Buy”.

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It is positive, as 36 investors sold AMT shares while 287 reduced holdings. 102 funds opened positions while 287 raised stakes. 378.31 million shares or 1.55% less from 384.25 million shares in 2017Q2 were reported. Princeton owns 62,140 shares. Canada Pension Plan Inv Board stated it has 0.2% of its portfolio in American Tower Corporation (NYSE:REIT). Moore Capital Management Limited Partnership invested 0.93% of its portfolio in American Tower Corporation (NYSE:REIT). Waterfront Capital Ltd Liability accumulated 86,229 shares. Pinnacle Financial Prtnrs has 0.59% invested in American Tower Corporation (NYSE:REIT). Roof Eidam & Maycock Adv stated it has 2,050 shares or 0.14% of all its holdings. South Dakota Invest Council holds 0.16% or 56,700 shares. First Mercantile Company stated it has 0.17% of its portfolio in American Tower Corporation (NYSE:REIT). Tributary Cap Ltd Com holds 5,500 shares or 0.06% of its portfolio. Arcadia Investment Mgmt Mi owns 200 shares. Chem Financial Bank invested 0.03% of its portfolio in American Tower Corporation (NYSE:REIT). Peconic Prtn Ltd holds 26,500 shares. Ltd Ca invested in 1.19% or 132,400 shares. Andra Ap, a Alabama-based fund reported 50,404 shares. Employees Retirement Association Of Colorado, a Colorado-based fund reported 583,390 shares.

Grand Jean Capital Management Inc increased Macquarie Infrastructure L (NYSE:MIC) stake by 10,532 shares to 158,729 valued at $11.46M in 2017Q3. It also upped Cadence Bancorporation stake by 39,976 shares and now owns 321,682 shares. Amazon.Com Inc. (NASDAQ:AMZN) was raised too.

Analysts await Fusion Telecommunications International, Inc. (NASDAQ:FSNN) to report earnings on March, 19. They expect $-0.14 earnings per share, up 46.15% or $0.12 from last year’s $-0.26 per share. After $-0.18 actual earnings per share reported by Fusion Telecommunications International, Inc. for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

Fusion Telecommunications International, Inc., together with its subsidiaries, provides cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud solutions to small, medium, and large businesses worldwide. The company has market cap of $110.30 million. The firm operates in two divisions, Business Services and Carrier Services. It currently has negative earnings. The Business Services segment offers cloud voice and unified communications as a service, which enhance communication and collaboration on virtually various devices and places; cloud connectivity services that connect clients to the cloud with managed network solutions; and cloud computing and infrastructure as service solutions that are designed to provide enterprise clients with a platform on which additional cloud services can be layered, as well as SIP trunking solution, which allows a customer to retain and use its existing telephone system.

Among 3 analysts covering Fusion Telecommunications International (NASDAQ:FSNN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fusion Telecommunications International had 6 analyst reports since January 4, 2017 according to SRatingsIntel. The firm has “Buy” rating by Craig Hallum given on Wednesday, August 30. B. Riley & Co maintained Fusion Telecommunications International, Inc. (NASDAQ:FSNN) rating on Tuesday, August 29. B. Riley & Co has “Buy” rating and $3.0 target. The rating was maintained by FBR Capital on Tuesday, November 14 with “Buy”. FBR Capital maintained the shares of FSNN in report on Thursday, January 11 with “Buy” rating.

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By1 Moses P. Lee

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