As Albemarle (ALB) Share Price Rose, Shareholder Marietta Investment Partners Has Trimmed Holding by $415,668; Cadian Capital Management LP Holding in American Tower New (AMT) Cut by $14.40 Million as Share Price Rose

American Tower Corporation (NYSE:REIT) Logo

Marietta Investment Partners Llc decreased its stake in Albemarle Corp (ALB) by 17.81% based on its latest 2018Q2 regulatory filing with the SEC. Marietta Investment Partners Llc sold 4,422 shares as the company’s stock rose 5.61% with the market. The institutional investor held 20,410 shares of the major chemicals company at the end of 2018Q2, valued at $1.93M, down from 24,832 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $9.42 billion market cap company. The stock decreased 2.79% or $2.54 during the last trading session, reaching $88.65. About 1.52M shares traded or 7.27% up from the average. Albemarle Corporation (NYSE:ALB) has declined 20.20% since December 8, 2017 and is downtrending. It has underperformed by 35.82% the S&P500. Some Historical ALB News: 09/05/2018 – Albemarle 1Q Adj EPS $1.30; 09/05/2018 – ALBEMARLE CORP – SEES 2018 NET SALES OF $3.2 BLN – $3.4 BLN; 17/05/2018 – ALBEMARLE OUTLOOK STABLE BY FITCH; 05/04/2018 – M2 EquityBites: Albemarle divests USD416m performance catalysts solutions; 07/05/2018 – Albemarle Corp expected to post earnings of $1.21 a share – Earnings Preview; 07/04/2018 – China’s Tianqi alleged errors in Chile effort to block SQM stake – papers; 17/04/2018 – Soaring Demand for Lithium Fuels Exploration and Production Race; 16/04/2018 – ALBEMARLE NAMES GLEN MERFELD CTO FOR LITHIUM BUSINESS; 10/05/2018 – ALBEMARLE LITHIUM EXPANSION PROJECTS REMAIN “ON TRACK” WITH 2018 SPENDING SEEN AT $550-$675 MLN – CEO; 19/04/2018 – LARA: Albemarle Corporation in South Haven Named a MIOSHA Star Site a Second Time for Exemplary Worker Safety

Cadian Capital Management Lp decreased its stake in American Tower Corp New (AMT) by 14.08% based on its latest 2018Q2 regulatory filing with the SEC. Cadian Capital Management Lp sold 100,000 shares as the company’s stock rose 7.95% with the market. The hedge fund held 610,000 shares of the real estate investment trusts company at the end of 2018Q2, valued at $87.94 million, down from 710,000 at the end of the previous reported quarter. Cadian Capital Management Lp who had been investing in American Tower Corp New for a number of months, seems to be less bullish one the $73.31B market cap company. The stock decreased 0.72% or $1.2 during the last trading session, reaching $166.43. About 3.36 million shares traded or 64.35% up from the average. American Tower Corporation (NYSE:AMT) has risen 1.71% since December 8, 2017 and is uptrending. It has underperformed by 13.91% the S&P500.

Cadian Capital Management Lp, which manages about $5.56B and $2.08 billion US Long portfolio, upped its stake in Booking Hldgs Inc by 4,060 shares to 67,000 shares, valued at $135.82 million in 2018Q2, according to the filing. It also increased its holding in Alphabet Inc by 47,900 shares in the quarter, for a total of 62,600 shares, and has risen its stake in Altaba Inc.

Investors sentiment decreased to 1.14 in 2018 Q2. Its down 0.04, from 1.18 in 2018Q1. It dived, as 51 investors sold AMT shares while 294 reduced holdings. 84 funds opened positions while 310 raised stakes. 393.35 million shares or 0.89% more from 389.87 million shares in 2018Q1 were reported. Pub Employees Retirement Sys Of Ohio reported 313,047 shares. Heritage Invsts holds 0.5% or 57,062 shares in its portfolio. Clearbridge Invs Limited Co reported 3.84M shares or 0.45% of all its holdings. Amer International holds 0.1% in American Tower Corporation (NYSE:REIT) or 202,344 shares. Pettyjohn Wood & White has invested 0.55% of its portfolio in American Tower Corporation (NYSE:REIT). Horizon Kinetics Limited Liability holds 0.01% of its portfolio in American Tower Corporation (NYSE:REIT) for 1,425 shares. Trust Inv Advsrs Ltd Com owns 2.87% invested in American Tower Corporation (NYSE:REIT) for 24,291 shares. 96 are owned by Nuwave Invest Management Ltd Llc. Tci Wealth Advisors Inc has invested 0.03% of its portfolio in American Tower Corporation (NYSE:REIT). Stock Yards State Bank Comm accumulated 1.5% or 94,279 shares. Jane Street Grp stated it has 0.01% in American Tower Corporation (NYSE:REIT). Capital stated it has 4.29 million shares. Verition Fund Management Lc reported 5,000 shares stake. Baldwin Mgmt Lc reported 0.46% in American Tower Corporation (NYSE:REIT). Moreover, Aureus Asset Mngmt Limited Liability Co has 2.69% invested in American Tower Corporation (NYSE:REIT).

More notable recent American Tower Corporation (NYSE:REIT) news were published by: Seekingalpha.com which released: “Hersha Hospitality REIT: Common Or Preferred Stock Comparison – Seeking Alpha” on November 26, 2018, also Seekingalpha.com with their article: “Realty Income: Paying Full Price – Seeking Alpha” published on December 06, 2018, Seekingalpha.com published: “REITs: The Only Asset Class That Will Deliver Required Returns (Part II) – Seeking Alpha” on December 03, 2018. More interesting news about American Tower Corporation (NYSE:REIT) were released by: Globenewswire.com and their article: “Ryman Hospitality Properties, Inc. Declares Fourth Quarter Dividend – GlobeNewswire” published on December 07, 2018 as well as Seekingalpha.com‘s news article titled: “Realty Income Playing Defense Has Muted Upside Potential – Seeking Alpha” with publication date: November 28, 2018.

Among 20 analysts covering American Tower Corporation (NYSE:AMT), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. American Tower Corporation had 84 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) on Thursday, August 31 with “Buy” rating. The rating was maintained by Cowen & Co with “Buy” on Tuesday, July 18. Citigroup maintained it with “Buy” rating and $134 target in Monday, July 11 report. Jefferies maintained American Tower Corporation (NYSE:REIT) rating on Monday, August 7. Jefferies has “Buy” rating and $14400 target. Macquarie Research maintained the shares of AMT in report on Wednesday, November 1 with “Buy” rating. On Tuesday, April 11 the stock rating was upgraded by Guggenheim to “Buy”. The stock of American Tower Corporation (NYSE:REIT) has “Buy” rating given on Thursday, August 3 by Argus Research. The firm has “Overweight” rating given on Wednesday, October 7 by JP Morgan. The stock has “Buy” rating by Jefferies on Monday, July 3. The firm has “Outperform” rating given on Friday, November 16 by Wells Fargo.

Since June 11, 2018, it had 0 buys, and 10 sales for $61.45 million activity. DiSanto Edmund also sold $1.91 million worth of American Tower Corporation (NYSE:REIT) on Friday, September 7. REEVE PAMELA D A also sold $1.07M worth of American Tower Corporation (NYSE:REIT) on Monday, August 13. On Wednesday, November 7 SHARBUTT DAVID E sold $563,845 worth of American Tower Corporation (NYSE:REIT) or 3,590 shares. 44,959 shares valued at $7.03 million were sold by Meyer Robert Joseph JR on Tuesday, November 6. Puech Olivier had sold 10,747 shares worth $1.77M. The insider Bartlett Thomas A sold $15.40M.

Since September 4, 2018, it had 0 insider buys, and 2 selling transactions for $600,315 activity.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 26. They expect $1.47 earnings per share, up 9.70% or $0.13 from last year’s $1.34 per share. ALB’s profit will be $156.12 million for 15.08 P/E if the $1.47 EPS becomes a reality. After $1.31 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 12.21% EPS growth.

Marietta Investment Partners Llc, which manages about $392.24 million and $322.10M US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 18,982 shares to 64,479 shares, valued at $6.36M in 2018Q2, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 1,957 shares in the quarter, for a total of 55,856 shares, and has risen its stake in Aptiv Plc.

Among 26 analysts covering Albemarle Corporation (NYSE:ALB), 18 have Buy rating, 2 Sell and 6 Hold. Therefore 69% are positive. Albemarle Corporation had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird on Monday, September 25 to “Neutral”. The rating was maintained by Citigroup with “Neutral” on Thursday, March 1. The rating was maintained by Jefferies on Wednesday, April 5 with “Buy”. The rating was maintained by Deutsche Bank on Friday, August 5 with “Buy”. UBS maintained Albemarle Corporation (NYSE:ALB) rating on Thursday, November 9. UBS has “Neutral” rating and $150 target. Deutsche Bank maintained the shares of ALB in report on Thursday, August 20 with “Buy” rating. Oppenheimer maintained the stock with “Buy” rating in Thursday, November 9 report. The company was upgraded on Friday, August 7 by Suntrust Robinson. The stock has “Buy” rating by Citigroup on Monday, April 18. The company was initiated on Wednesday, August 16 by Oppenheimer.

Investors sentiment increased to 1.22 in Q2 2018. Its up 0.23, from 0.99 in 2018Q1. It improved, as 41 investors sold ALB shares while 139 reduced holdings. 60 funds opened positions while 160 raised stakes. 96.11 million shares or 3.03% more from 93.28 million shares in 2018Q1 were reported. Mackay Shields Limited Liability Company holds 0.01% or 17,927 shares. Advisory Serv Ntwk Limited Co accumulated 0.03% or 4,270 shares. Principal Gru Incorporated holds 0.09% in Albemarle Corporation (NYSE:ALB) or 1.01M shares. Essex Invest Management Ltd Liability Corporation holds 0.56% or 47,045 shares. Spf Beheer Bv stated it has 2.89% in Albemarle Corporation (NYSE:ALB). Nine Masts Capital has invested 0.63% in Albemarle Corporation (NYSE:ALB). Keybank National Association Oh holds 27,684 shares or 0.02% of its portfolio. Teachers Retirement System Of The State Of Kentucky invested 0.12% in Albemarle Corporation (NYSE:ALB). Jefferies Grp Incorporated Ltd Liability Com owns 7,210 shares or 0% of their US portfolio. Wilbanks Smith Thomas Asset Mngmt Ltd Liability accumulated 4,548 shares or 0.03% of the stock. 1.56 million were reported by Global X Management Com Limited Liability Com. Meyer Handelman Commerce accumulated 6,888 shares. Oakworth has invested 0% in Albemarle Corporation (NYSE:ALB). Cordasco Fin Networks invested in 0% or 8 shares. Westpac Bk reported 0% in Albemarle Corporation (NYSE:ALB).

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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