Moore Capital Management LP Has Upped Its American Tower (AMT) Holding by $10.20 Million as Market Value Rose; Omers Administration Has Decreased Its Stake in Amerisourcebergen (ABC) as Shares Declined

January 14, 2018 - By Vivian Park

Omers Administration Corp decreased its stake in Amerisourcebergen Corp (ABC) by 28.68% based on its latest 2017Q3 regulatory filing with the SEC. Omers Administration Corp sold 429,000 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 1.07M shares of the other pharmaceuticals company at the end of 2017Q3, valued at $88.27 million, down from 1.50M at the end of the previous reported quarter. Omers Administration Corp who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $21.59 billion market cap company. The stock increased 0.88% or $0.86 during the last trading session, reaching $99. About 1.47M shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since January 14, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Louis Bacon increased its stake in American Tower Corp (AMT) by 27.27% based on its latest 2017Q3 regulatory filing with the SEC. Moore Capital Management Lp bought 75,000 shares as the company’s stock rose 18.69% with the market. The hedge fund run by Louis Bacon held 350,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $47.84M, up from 275,000 at the end of the previous reported quarter. Moore Capital Management Lp who had been investing in American Tower Corp for a number of months, seems to be bullish on the $57.04 billion market cap company. The stock decreased 1.46% or $1.97 during the last trading session, reaching $133. About 3.20M shares traded or 52.83% up from the average. American Tower Corporation (NYSE:AMT) has risen 23.66% since January 14, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

Among 18 analysts covering American Tower Corporation (NYSE:AMT), 17 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation has $177.0 highest and $100 lowest target. $147.79’s average target is 11.12% above currents $133 stock price. American Tower Corporation had 67 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Jefferies on Monday, October 16. KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Monday, November 27. KeyBanc Capital Markets has “Buy” rating and $177.0 target. Cowen & Co maintained it with “Buy” rating and $161.0 target in Thursday, September 21 report. The firm has “Buy” rating given on Monday, October 2 by RBC Capital Markets. Macquarie Research maintained American Tower Corporation (NYSE:REIT) on Friday, July 28 with “Buy” rating. The company was maintained on Tuesday, July 18 by Cowen & Co. The firm earned “Overweight” rating on Wednesday, October 7 by JP Morgan. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Buy” rating by Argus Research on Wednesday, August 17. Jefferies maintained American Tower Corporation (NYSE:REIT) rating on Monday, August 7. Jefferies has “Buy” rating and $14400 target.

Moore Capital Management Lp, which manages about $44.02 billion and $5.17B US Long portfolio, decreased its stake in Boulevard Acquisition by 100,000 shares to 1.40 million shares, valued at $14.00M in 2017Q3, according to the filing. It also reduced its holding in Danaher Corp (NYSE:DHR) by 36,505 shares in the quarter, leaving it with 178,395 shares, and cut its stake in Yandex N V (NASDAQ:YNDX).

Since August 18, 2017, it had 0 insider purchases, and 9 insider sales for $21.94 million activity. $717,450 worth of American Tower Corporation (NYSE:REIT) was sold by REEVE PAMELA D A on Thursday, August 24. Sharma Amit sold $2.90 million worth of American Tower Corporation (NYSE:REIT) on Friday, August 18. $1.36M worth of American Tower Corporation (NYSE:REIT) shares were sold by DiSanto Edmund. SHARBUTT DAVID E had sold 1,584 shares worth $228,793. The insider THOMPSON SAMME L sold 5,000 shares worth $715,800.

Investors sentiment increased to 1.2 in Q3 2017. 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. Advantus Capital Management holds 0.15% or 43,584 shares in its portfolio. Kayne Anderson Advsrs LP reported 0.03% stake. State Bank Of Nova Scotia invested 0.06% of its portfolio in American Tower Corporation (NYSE:REIT). Logan Capital Mngmt reported 0.17% of its portfolio in American Tower Corporation (NYSE:REIT). Andra Ap accumulated 50,404 shares. Zimmer Prns Lp invested in 262,500 shares. 35,500 were accumulated by Markel. Commonwealth Equity holds 58,349 shares or 0.05% of its portfolio. Goldman Sachs Group Inc, a New York-based fund reported 8.21M shares. Kentucky Retirement Insur Fund invested 0.27% of its portfolio in American Tower Corporation (NYSE:REIT). Bruni J V And Company Company holds 7.67% or 294,276 shares in its portfolio. 410,443 were reported by Raymond James & Assocs. 21,843 were accumulated by Nomura Hldgs. 3,100 are owned by Ipswich Investment Management Co Incorporated. Burt Wealth Advisors has 0.03% invested in American Tower Corporation (NYSE:REIT) for 326 shares.

Omers Administration Corp, which manages about $8.76B US Long portfolio, upped its stake in Genworth Finl Inc (NYSE:GNW) by 148,300 shares to 3.04M shares, valued at $11.70 million in 2017Q3, according to the filing. It also increased its holding in Ares Cap Corp (NASDAQ:ARCC) by 139,048 shares in the quarter, for a total of 1.89 million shares, and has risen its stake in Mettler Toledo International (NYSE:MTD).

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