The EVP & Chairman, LatAm & EMEA of American Tower Corp (AMT) is Selling Shares

Today, the EVP & Chairman, LatAm & EMEA of American Tower Corp (AMT), William Hess, sold shares of AMT for $3.74M.

Following William Hess’ last AMT Sell transaction on March 13, 2018, the stock climbed by 44.1%. In addition to William Hess, one other AMT executive reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on American Tower Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.13 billion and quarterly net profit of $278 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $239 million. AMT’s market cap is $82.58B and the company has a P/E ratio of 67.59. Currently, American Tower Corp has an average volume of 1.18M.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $188.29, reflecting a 0.2% upside.

The insider sentiment on American Tower Corp has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Tower Corp. is a real estate investment trust, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property, Asia Property, Europe, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States.