As Shire Plc (SHPG) Valuation Rose, Highfields Capital Management LP Has Decreased Its Stake by $43.99 Million; As American Tower New (AMT) Market Value Rose, Axa Has Increased Stake

February 20, 2018 - By Hazel Jackson

Jonathon Jacobson decreased its stake in Shire Plc (SHPG) by 60.53% based on its latest 2017Q3 regulatory filing with the SEC. Highfields Capital Management Lp sold 287,500 shares as the company’s stock rose 4.45% with the market. The hedge fund run by Jonathon Jacobson held 187,500 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $28.71 million, down from 475,000 at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Shire Plc for a number of months, seems to be less bullish one the $34.65 billion market cap company. The stock decreased 5.12% or $6.87 during the last trading session, reaching $127.19. About 1.42 million shares traded or 12.18% up from the average. Shire plc (NASDAQ:SHPG) has risen 4.69% since February 20, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Axa increased its stake in American Tower Corp New (AMT) by 3.11% based on its latest 2017Q3 regulatory filing with the SEC. Axa bought 17,897 shares as the company’s stock rose 18.69% with the market. The institutional investor held 594,258 shares of the real estate investment trusts company at the end of 2017Q3, valued at $81.22 million, up from 576,361 at the end of the previous reported quarter. Axa who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $59.83B market cap company. The stock decreased 0.36% or $0.5 during the last trading session, reaching $139.52. About 1.25M shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 20, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.




Axa, which manages about $23.21B US Long portfolio, decreased its stake in Agrium Inc (NYSE:AGU) by 23,231 shares to 33,669 shares, valued at $3.61M in 2017Q3, according to the filing. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 245,770 shares in the quarter, leaving it with 1.72M shares, and cut its stake in Pebblebrook Hotel Tr (NYSE:PEB).

Since August 24, 2017, it had 0 buys, and 7 sales for $18.32 million activity. THOMPSON SAMME L also sold $715,800 worth of American Tower Corporation (NYSE:REIT) on Tuesday, January 2. Another trade for 10,000 shares valued at $1.36 million was sold by DiSanto Edmund. Shares for $4.74 million were sold by TAICLET JAMES D JR. SHARBUTT DAVID E had sold 1,584 shares worth $228,793 on Wednesday, December 13.

Investors sentiment increased to 1.2 in 2017 Q3. 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. Macguire Cheswick & Tuttle Invest Counsel Ltd Liability accumulated 0.47% or 17,365 shares. The New Jersey-based Reaves W H has invested 1.75% in American Tower Corporation (NYSE:REIT). First Lp holds 116,354 shares. Clinton holds 0.12% or 8,065 shares in its portfolio. 78,267 are held by Carnegie Asset Ltd Com. Clearbridge Investments Lc holds 0.49% or 3.75 million shares. Zeke holds 0.1% or 5,330 shares in its portfolio. Wagner Bowman Management holds 0.31% or 8,240 shares in its portfolio. Blume Cap Management Inc invested 0.08% of its portfolio in American Tower Corporation (NYSE:REIT). Alpha Cubed Invests Limited Co accumulated 0.07% or 3,556 shares. Oppenheimer Company holds 0.26% or 71,491 shares in its portfolio. Mai Cap Management invested in 21,809 shares. Greystone Managed Inc holds 0.41% or 67,818 shares. Counselors Inc reported 0.11% of its portfolio in American Tower Corporation (NYSE:REIT). 4,218 were reported by First Quadrant LP Ca.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 68 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of American Tower Corporation (NYSE:REIT) earned “Outperform” rating by Macquarie Research on Monday, November 9. Argus Research maintained the stock with “Buy” rating in Thursday, August 3 report. The company was maintained on Wednesday, August 10 by Citigroup. The rating was maintained by RBC Capital Markets on Wednesday, November 29 with “Buy”. Macquarie Research initiated the stock with “Outperform” rating in Tuesday, December 6 report. The stock has “Buy” rating by Jefferies on Monday, October 16. The firm earned “Buy” rating on Monday, July 11 by Citigroup. The firm has “Buy” rating by SunTrust given on Tuesday, September 13. The firm has “Buy” rating given on Monday, August 24 by Zacks. Cowen & Co maintained the shares of AMT in report on Monday, October 23 with “Buy” rating.

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