Broad Run Investment Management Trimmed Its Stake in American Tower New (AMT) by $1.48 Million as Share Price Rose; Amerco (UHAL) Stock Price Declined While Ancient Art LP Has Trimmed Its Holding

January 18, 2018 - By Adrian Erickson

Quincy Lee decreased its stake in Amerco (UHAL) by 3.22% based on its latest 2017Q3 regulatory filing with the SEC. Ancient Art Lp sold 2,996 shares as the company’s stock declined 0.39% while stock markets rallied. The hedge fund run by Quincy Lee held 89,914 shares of the rental and leasing company at the end of 2017Q3, valued at $33.71 million, down from 92,910 at the end of the previous reported quarter. Ancient Art Lp who had been investing in Amerco for a number of months, seems to be less bullish one the $7.20B market cap company. The stock decreased 0.83% or $3.08 during the last trading session, reaching $366.99. About 12,468 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since January 18, 2017 and is uptrending. It has underperformed by 11.77% the S&P500.

Broad Run Investment Management Llc decreased its stake in American Tower Corp New (AMT) by 0.45% based on its latest 2017Q3 regulatory filing with the SEC. Broad Run Investment Management Llc sold 10,880 shares as the company’s stock rose 18.69% with the market. The institutional investor held 2.42 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $331.09M, down from 2.43M at the end of the previous reported quarter. Broad Run Investment Management Llc who had been investing in American Tower Corp New for a number of months, seems to be less bullish one the $58.07 billion market cap company. The stock decreased 0.90% or $1.225 during the last trading session, reaching $135.415. About 1.75 million shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since January 18, 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 had 67 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, July 14, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Stifel Nicolaus on Monday, November 2. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Oppenheimer on Wednesday, December 20. As per Tuesday, October 31, the company rating was maintained by SunTrust. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Citigroup on Monday, August 28. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 8 report. The rating was maintained by RBC Capital Markets on Thursday, July 30 with “Outperform”. The firm has “Buy” rating given on Thursday, August 3 by Argus Research. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Jefferies on Monday, July 3. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, July 4.

Since August 18, 2017, it had 0 buys, and 9 selling transactions for $21.94 million activity. SHARBUTT DAVID E had sold 1,584 shares worth $228,793. THOMPSON SAMME L had sold 5,000 shares worth $715,800 on Tuesday, January 2. On Thursday, August 24 the insider REEVE PAMELA D A sold $717,450. 10,000 shares valued at $1.38 million were sold by DiSanto Edmund on Friday, September 22. $2.90M worth of American Tower Corporation (NYSE:REIT) shares were sold by Sharma Amit.

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. Gulf Intl Bank (Uk) Limited owns 133,544 shares. 565 were accumulated by First Manhattan. Murphy Mgmt has invested 0.04% in American Tower Corporation (NYSE:REIT). 1,683 were accumulated by Palisade Cap Mgmt Ltd Limited Liability Company Nj. Osborne Partners Capital Management Limited Liability Company holds 0.16% or 8,420 shares. Triangle Wealth Mgmt owns 11,775 shares or 0.96% of their US portfolio. Copeland Cap Mgmt Limited Liability holds 0.46% or 49,488 shares. First Natl Bank Of Omaha reported 65,172 shares stake. Moreover, Halsey Associate Ct has 2.39% invested in American Tower Corporation (NYSE:REIT) for 88,637 shares. Rafferty Asset Mgmt Ltd Co has invested 0.22% in American Tower Corporation (NYSE:REIT). Harber Asset Management Llc holds 3.23% or 64,359 shares. Roof Eidam Maycock Adv invested in 2,050 shares or 0.14% of the stock. Westwood Hldgs Gp invested 0.02% in American Tower Corporation (NYSE:REIT). Spinnaker accumulated 2,056 shares or 0.04% of the stock. Los Angeles Capital Management Equity Rech has 677,573 shares.

Ancient Art Lp, which manages about $961.48 million and $533.62M US Long portfolio, upped its stake in Fossil Group Inc (NASDAQ:FOSL) by 337,502 shares to 1.57 million shares, valued at $14.61M in 2017Q3, according to the filing.

Analysts await AMERCO (NASDAQ:UHAL) to report earnings on February, 14. They expect $9.20 EPS, up 176.28% or $5.87 from last year’s $3.33 per share. UHAL’s profit will be $180.40 million for 9.97 P/E if the $9.20 EPS becomes a reality. After $6.36 actual EPS reported by AMERCO for the previous quarter, Wall Street now forecasts 44.65% EPS growth.

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