American Tower New (AMT) Stock Rose While Telemark Asset Management Has Increased Its Stake; As Allete (ALE) Share Price Rose, Eagle Boston Investment Management Has Cut Holding by $1.63 Million

December 30, 2017 - By Stephen Andrade

Eagle Boston Investment Management Inc decreased its stake in Allete Inc (ALE) by 9.41% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Boston Investment Management Inc sold 21,174 shares as the company’s stock rose 4.01% with the market. The institutional investor held 203,885 shares of the public utilities company at the end of 2017Q3, valued at $15.87 million, down from 225,059 at the end of the previous reported quarter. Eagle Boston Investment Management Inc who had been investing in Allete Inc for a number of months, seems to be less bullish one the $3.80 billion market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $74.36. About 210,334 shares traded. ALLETE, Inc. (NYSE:ALE) has risen 26.32% since December 30, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Telemark Asset Management Llc increased its stake in American Tower Corp New (AMT) by 13.33% based on its latest 2017Q3 regulatory filing with the SEC. Telemark Asset Management Llc bought 10,000 shares as the company’s stock rose 18.69% with the market. The hedge fund held 85,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $11.62M, up from 75,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $61.19 billion market cap company. The stock decreased 0.17% or $0.24 during the last trading session, reaching $142.67. About 1.13M shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since December 30, 2016 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 had 67 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Wednesday, November 1. UBS maintained the shares of AMT in report on Monday, September 11 with “Buy” rating. As per Monday, October 31, the company rating was maintained by Stifel Nicolaus. Citigroup maintained American Tower Corporation (NYSE:REIT) on Thursday, June 16 with “Buy” rating. As per Tuesday, November 14, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Friday, July 14 by Deutsche Bank. The firm has “Buy” rating by SunTrust given on Tuesday, October 31. The firm earned “Buy” rating on Monday, July 11 by Citigroup. The rating was downgraded by Evercore to “Hold” on Tuesday, April 19. The firm earned “Buy” rating on Tuesday, July 18 by Cowen & Co.

Telemark Asset Management Llc, which manages about $460.03 million and $486.41 million US Long portfolio, decreased its stake in Eog Res Inc (NYSE:EOG) by 70,000 shares to 270,000 shares, valued at $26.12 million in 2017Q3, according to the filing. It also reduced its holding in Axon Enterprise Inc by 50,000 shares in the quarter, leaving it with 450,000 shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

Since August 18, 2017, it had 0 insider buys, and 8 sales for $21.22 million activity. 34,000 American Tower Corporation (NYSE:REIT) shares with value of $4.96M were sold by TAICLET JAMES D JR. 10,000 American Tower Corporation (NYSE:REIT) shares with value of $1.38 million were sold by DiSanto Edmund. Sharma Amit sold $2.90M worth of American Tower Corporation (NYSE:REIT) on Friday, August 18. 1,584 shares valued at $228,793 were sold by SHARBUTT DAVID E on Wednesday, December 13.

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. Dupont Cap Mgmt Corporation has invested 0.37% in American Tower Corporation (NYSE:REIT). Markel, Virginia-based fund reported 35,500 shares. Pnc Svcs Grp Inc holds 233,765 shares. Chilton Management Lc reported 187,589 shares or 2.47% of all its holdings. Moreover, South Dakota Invest Council has 0.16% invested in American Tower Corporation (NYSE:REIT) for 56,700 shares. Dana Invest Inc holds 1.3% in American Tower Corporation (NYSE:REIT) or 206,362 shares. Beech Hill Advisors Inc invested 1.95% of its portfolio in American Tower Corporation (NYSE:REIT). 17,239 are held by Commerce Fincl Bank. Resolution Cap Ltd holds 4.39% or 697,811 shares in its portfolio. Mufg Americas Hldg stated it has 121,212 shares. Moreover, Adage Prtn Gru Limited Liability has 0.26% invested in American Tower Corporation (NYSE:REIT) for 787,363 shares. Torray Ltd Liability Corp holds 2.25% or 166,181 shares. Girard Partners holds 0.51% or 18,107 shares in its portfolio. Westover Cap Limited Liability Company owns 14,338 shares or 1.15% of their US portfolio. Thompson Siegel And Walmsley Lc has 1,298 shares for 0% of their portfolio.

Among 7 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. ALLETE Inc had 14 analyst reports since October 15, 2015 according to SRatingsIntel. As per Monday, October 19, the company rating was downgraded by Wunderlich. Wunderlich upgraded ALLETE, Inc. (NYSE:ALE) on Tuesday, December 8 to “Buy” rating. The rating was maintained by JP Morgan with “Underweight” on Thursday, October 12. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, October 15 report. Williams Capital Group maintained ALLETE, Inc. (NYSE:ALE) on Monday, June 19 with “Buy” rating. The stock of ALLETE, Inc. (NYSE:ALE) earned “Hold” rating by Williams Capital Group on Tuesday, March 29. The company was maintained on Friday, April 21 by Williams Capital Group. The rating was downgraded by Williams Capital Group to “Hold” on Thursday, October 12. JP Morgan maintained ALLETE, Inc. (NYSE:ALE) rating on Wednesday, March 30. JP Morgan has “Underweight” rating and $54 target. As per Thursday, October 19, the company rating was downgraded by KeyBanc Capital Markets.

Analysts await ALLETE, Inc. (NYSE:ALE) to report earnings on February, 21. They expect $0.80 EPS, down 10.11% or $0.09 from last year’s $0.89 per share. ALE’s profit will be $40.83M for 23.24 P/E if the $0.80 EPS becomes a reality. After $1.04 actual EPS reported by ALLETE, Inc. for the previous quarter, Wall Street now forecasts -23.08% negative EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.33, from 1.31 in 2017Q2. It dived, as 23 investors sold ALE shares while 80 reduced holdings. 27 funds opened positions while 74 raised stakes. 36.24 million shares or 3.35% more from 35.07 million shares in 2017Q2 were reported. 25,000 were accumulated by Logan Cap Mngmt. Ig Investment Management Ltd holds 15,596 shares. Huntington Commercial Bank accumulated 103 shares or 0% of the stock. Parkside Savings Bank And Trust has invested 0% in ALLETE, Inc. (NYSE:ALE). Citigroup has 0% invested in ALLETE, Inc. (NYSE:ALE). Levin Capital Strategies LP invested in 0% or 2,886 shares. Sei Invs Communication holds 0.03% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 94,614 shares. Tci Wealth Advisors reported 191 shares stake. Wells Fargo Company Mn accumulated 192,433 shares. Moreover, Benjamin F Edwards And has 0% invested in ALLETE, Inc. (NYSE:ALE). Panagora Asset Mgmt Incorporated reported 329,303 shares stake. Mairs Power invested 0.27% in ALLETE, Inc. (NYSE:ALE). Moreover, Investment Centers Of America has 0.02% invested in ALLETE, Inc. (NYSE:ALE). 3,182 are held by Envestnet Asset Mgmt. New York State Common Retirement Fund, a New York-based fund reported 96,323 shares.

Since August 8, 2017, it had 0 insider purchases, and 1 insider sale for $187,075 activity.

Eagle Boston Investment Management Inc, which manages about $1.88 billion and $972.88M US Long portfolio, upped its stake in Ishares Russell 2000 Value E (IWN) by 5,682 shares to 86,962 shares, valued at $10.92 million in 2017Q3, according to the filing. It also increased its holding in Qep Resources Inc (NYSE:QEP) by 38,544 shares in the quarter, for a total of 77,607 shares, and has risen its stake in Banner Corporation (NASDAQ:BANR).