Kings Point Capital Management Lowered Position in American Tower Reit Com (AMT) by $629,816; Parametric Portfolio Associates Has Trimmed Lear (LEA) Position as Stock Value Rose

February 15, 2018 - By William Brooks

Parametric Portfolio Associates Llc decreased its stake in Lear Corp (LEA) by 3.24% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc sold 14,286 shares as the company’s stock rose 0.77% with the market. The institutional investor held 426,339 shares of the o.e.m. company at the end of 2017Q3, valued at $73.79 million, down from 440,625 at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Lear Corp for a number of months, seems to be less bullish one the $12.86 billion market cap company. The stock increased 2.78% or $5.19 during the last trading session, reaching $192.16. About 644,973 shares traded or 17.06% up from the average. Lear Corporation (NYSE:LEA) has risen 28.33% since February 15, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Kings Point Capital Management decreased its stake in American Tower Reit Com (AMT) by 6.99% based on its latest 2017Q3 regulatory filing with the SEC. Kings Point Capital Management sold 4,631 shares as the company’s stock rose 18.69% with the market. The institutional investor held 61,638 shares of the real estate investment trusts company at the end of 2017Q3, valued at $8.43 million, down from 66,269 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in American Tower Reit Com for a number of months, seems to be less bullish one the $58.10 billion market cap company. The stock decreased 0.61% or $0.83 during the last trading session, reaching $135.48. About 4.83 million shares traded or 98.79% up from the average. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 15, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

Kings Point Capital Management, which manages about $448.23M US Long portfolio, upped its stake in Merck & Co Inc New Com (NYSE:MRK) by 5,260 shares to 60,580 shares, valued at $3.88 million in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 2,226 shares in the quarter, for a total of 15,984 shares, and has risen its stake in Disney Walt Co Disney Com (NYSE:DIS).

Since August 18, 2017, it had 0 insider buys, and 8 sales for $19.04 million activity. Shares for $228,793 were sold by SHARBUTT DAVID E on Wednesday, December 13. $1.38M worth of stock was sold by DiSanto Edmund on Friday, September 22. REEVE PAMELA D A sold 5,000 shares worth $717,450. $2.90M worth of American Tower Corporation (NYSE:REIT) shares were sold by Sharma Amit. $715,800 worth of American Tower Corporation (NYSE:REIT) was sold by THOMPSON SAMME L on Tuesday, January 2.

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. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, November 27 report. On Monday, September 11 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Wednesday, December 20 by Oppenheimer. On Monday, November 9 the stock rating was maintained by Macquarie Research with “Outperform”. The rating was maintained by RBC Capital Markets on Thursday, August 31 with “Buy”. The rating was maintained by Stifel Nicolaus on Tuesday, July 4 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 31. The stock has “Buy” rating by SunTrust on Tuesday, September 13. Zacks downgraded the stock to “Buy” rating in Monday, August 24 report. The firm has “Buy” rating given on Tuesday, October 31 by SunTrust.

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It increased, 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. Riverpark Advsrs Lc holds 0.63% in American Tower Corporation (NYSE:REIT) or 34,740 shares. Eastern Bancshares holds 6,509 shares. Parallax Volatility Advisers Ltd Partnership stated it has 0% in American Tower Corporation (NYSE:REIT). Groesbeck Investment Nj holds 1,950 shares or 0.19% of its portfolio. Spinnaker Tru has 2,056 shares for 0.04% of their portfolio. Security Tru accumulated 4,675 shares. 19,263 were accumulated by Whittier Of Nevada. Tiaa Cref Invest Mngmt Limited Liability Corporation owns 1.85 million shares for 0.17% of their portfolio. Shell Asset Mgmt holds 0.32% or 203,103 shares in its portfolio. Campbell Newman Asset holds 108,403 shares or 2.65% of its portfolio. 65,367 were reported by Ontario Teachers Pension Plan Board. 2,158 are owned by Cetera Advisor Netwr Ltd Liability. 22,922 are held by First Midwest Bank & Trust Division. Of Vermont owns 31,889 shares or 0.43% of their US portfolio. Fmr Lc has 0.27% invested in American Tower Corporation (NYSE:REIT) for 16.28 million shares.

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.08, from 0.84 in 2017Q2. It improved, as 41 investors sold LEA shares while 173 reduced holdings. 61 funds opened positions while 135 raised stakes. 59.92 million shares or 4.64% less from 62.83 million shares in 2017Q2 were reported. Moreover, Gamco Invsts Incorporated Et Al has 0.01% invested in Lear Corporation (NYSE:LEA). Virginia Retirement Sys Et Al invested 0.29% in Lear Corporation (NYSE:LEA). Gotham Asset Mgmt Llc owns 63,964 shares for 0.16% of their portfolio. Caxton Assoc Lp holds 0.05% of its portfolio in Lear Corporation (NYSE:LEA) for 8,000 shares. Spark Inv Ltd Liability reported 37,300 shares. Raymond James And Assoc reported 0.04% in Lear Corporation (NYSE:LEA). First LP stated it has 184,748 shares. Bessemer Gp reported 2,521 shares. Natl Bank Of Montreal Can owns 1.75 million shares. Evercore Wealth Mgmt Limited Liability Com reported 0.01% stake. 97,539 were accumulated by Scout Invs. The New Jersey-based Systematic Fin Mngmt Limited Partnership has invested 0.01% in Lear Corporation (NYSE:LEA). Pictet Asset Mgmt owns 22,800 shares. Moreover, Bedrijfstakpensioenfonds Voor De Media Pno has 0.15% invested in Lear Corporation (NYSE:LEA). Exane Derivatives reported 602 shares.

Parametric Portfolio Associates Llc, which manages about $89.70B US Long portfolio, upped its stake in Criteo Sa (NASDAQ:CRTO) by 13,226 shares to 94,662 shares, valued at $3.93 million in 2017Q3, according to the filing. It also increased its holding in Oao Gazprom (OGZPY) by 187,490 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Bank Of Nova Scotia (NYSE:BNS).

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By1 William Brooks

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