Arrowgrass Capital Partners LP Lowered Its American Tower New (Put) (AMT) Holding, Yulong Eco Materials Limited Ord (YECO) SI Decreased By 42.05%

June 23, 2017 - By Winifred Garcia

Arrowgrass Capital Partners Lp decreased American Tower Corp New (Put) (AMT) stake by 55.64% reported in 2016Q4 SEC filing. Arrowgrass Capital Partners Lp sold 227 shares as American Tower Corp New (Put) (AMT)’s stock rose 18.69%. The Arrowgrass Capital Partners Lp holds 181 shares with $1.91 million value, down from 408 last quarter. American Tower Corp New (Put) now has $55.94 billion valuation. The stock rose 0.57% or $0.75 reaching $131.62. About 464,941 shares traded. American Tower Corp (NYSE:AMT) has risen 23.66% since June 23, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Yulong Eco Materials Limited Ord (NASDAQ:YECO) had a decrease of 42.05% in short interest. YECO’s SI was 5,100 shares in June as released by FINRA. Its down 42.05% from 8,800 shares previously. With 10,300 avg volume, 1 days are for Yulong Eco Materials Limited Ord (NASDAQ:YECO)’s short sellers to cover YECO’s short positions. The SI to Yulong Eco Materials Limited Ord’s float is 0.1%. About 134 shares traded. Yulong Eco-Materials Ltd (NASDAQ:YECO) has declined 82.93% since June 23, 2016 and is downtrending. It has underperformed by 99.63% the S&P500.

Among 13 analysts covering American Tower Corporation (NYSE:AMT), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. American Tower Corporation had 31 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research maintained American Tower Corp (NYSE:AMT) rating on Wednesday, August 17. Argus Research has “Buy” rating and $130 target. The firm earned “Outperform” rating on Friday, April 28 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, November 2 report. The stock has “Hold” rating by Zacks on Wednesday, August 26. Raymond James downgraded the shares of AMT in report on Monday, June 12 to “Outperform” rating. Zacks downgraded the stock to “Buy” rating in Monday, August 24 report. The company was initiated on Tuesday, December 6 by Macquarie Research. Jefferies maintained American Tower Corp (NYSE:AMT) on Friday, July 29 with “Buy” rating. Citigroup maintained it with “Buy” rating and $133 target in Wednesday, August 10 report. The stock of American Tower Corp (NYSE:AMT) has “Outperform” rating given on Monday, November 9 by Macquarie Research.

Since January 10, 2017, it had 0 insider buys, and 12 sales for $41.43 million activity. The insider SHARBUTT DAVID E sold $469,812. 40,000 shares were sold by TAICLET JAMES D JR, worth $4.13 million on Tuesday, February 7. DiSanto Edmund sold $1.81 million worth of stock. $1.14M worth of stock was sold by THOMPSON SAMME L on Thursday, March 2. The insider Lara Gustavo sold $2.38M. Meyer Robert Joseph JR also sold $5.13M worth of American Tower Corp (NYSE:AMT) on Friday, April 28. REED JOANN A sold $938,838 worth of stock.

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. It increased, as 58 investors sold AMT shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported. 12,563 are held by Triangle Wealth. Ray Gerald L & Assocs Limited has invested 0.26% in American Tower Corp (NYSE:AMT). 328,162 were accumulated by Agf Invs. Sarasin And Prns Limited Liability Partnership has 350,494 shares. Jennison Assoc Limited Com owns 1.44M shares. Rbf Lc reported 0.3% stake. Greenleaf stated it has 0.12% in American Tower Corp (NYSE:AMT). Moors & Cabot reported 2,691 shares. The Maryland-based Macroview Investment Mngmt Ltd has invested 0.02% in American Tower Corp (NYSE:AMT). Blackrock Advsr Limited Liability Company accumulated 426,253 shares or 0.05% of the stock. Cullinan Assocs Incorporated owns 35,480 shares. Partnervest Advisory Services Limited Co has invested 0.1% in American Tower Corp (NYSE:AMT). Howland Management Limited Liability Company stated it has 2.13% in American Tower Corp (NYSE:AMT). Solaris Asset Lc owns 3,461 shares. Bradley Foster & Sargent Ct stated it has 0.04% of its portfolio in American Tower Corp (NYSE:AMT).

Arrowgrass Capital Partners Lp increased Target Corp (Put) (NYSE:TGT) stake by 2,048 shares to 2,884 valued at $20.83M in 2016Q4. It also upped Bb&T Corp (Call) (NYSE:BBT) stake by 453 shares and now owns 589 shares. Realty Income Corp (NYSE:O) was raised too.

Analysts await American Tower Corp (NYSE:AMT) to report earnings on July, 27. They expect $1.55 earnings per share, up 12.32% or $0.17 from last year’s $1.38 per share. AMT’s profit will be $658.77M for 21.23 P/E if the $1.55 EPS becomes a reality. After $1.58 actual earnings per share reported by American Tower Corp for the previous quarter, Wall Street now forecasts -1.90% negative EPS growth.

Yulong Eco-Materials Limited is a holding company. The company has market cap of $5.06 million. The Firm is a maker of building products. It currently has negative earnings. The Company’s divisions include Yulong Bricks; Yulong Concrete and Yulong Transport, and Yulong Renewable.