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LGT Fund Management Co Ltd. Sells 62,734 Shares of American Tower Corporation $AMT
LGT Fund Management Co Ltd. significantly reduced its stake in American Tower Corporation (NYSE:AMT) by selling 62,734 shares, decreasing its holdings by 81.6% to 14,152 shares valued at $2.74 million. Other institutional investors adjusted their positions, while company insiders also made large sales, including a major shareholder selling over 2.2 million shares. Analysts currently rate American Tower as a “Moderate Buy” with a consensus target price of $217.35, though some have lowered price objectives and issued “sector perform” or “neutral” ratings.