New Relic, Inc. (NEWR) Reaches $65.80 High on Feb, 13; Rare Infrastructure LTD Has Lowered American Tower New (AMT) Position By $72.19 Million

February 13, 2018 - By Louis Casey

Rare Infrastructure Ltd decreased American Tower Corp New (AMT) stake by 51.12% reported in 2017Q3 SEC filing. Rare Infrastructure Ltd sold 530,817 shares as American Tower Corp New (AMT)’s stock rose 18.69%. The Rare Infrastructure Ltd holds 507,645 shares with $69.39M value, down from 1.04M last quarter. American Tower Corp New now has $58.23 billion valuation. The stock decreased 0.33% or $0.45 during the last trading session, reaching $135.78. About 993,179 shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 13, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

The stock of New Relic, Inc. (NYSE:NEWR) reached all time high today, Feb, 13 and still has $68.43 target or 4.00% above today’s $65.80 share price. This indicates more upside for the $3.65 billion company. This technical setup was reported by Barchart.com. If the $68.43 PT is reached, the company will be worth $145.92 million more. The stock increased 2.96% or $1.89 during the last trading session, reaching $65.8. About 199,683 shares traded. New Relic, Inc. (NYSE:NEWR) has risen 65.48% since February 13, 2017 and is uptrending. It has outperformed by 48.78% the S&P500.

Since August 18, 2017, it had 0 buys, and 9 sales for $21.94 million activity. $4.94 million worth of American Tower Corporation (NYSE:REIT) was sold by TAICLET JAMES D JR. REEVE PAMELA D A sold 5,000 shares worth $717,450. On Friday, September 22 the insider DiSanto Edmund sold $1.38 million. Another trade for 20,747 shares valued at $2.90M was sold by Sharma Amit. $715,800 worth of American Tower Corporation (NYSE:REIT) was sold by THOMPSON SAMME L on Tuesday, January 2. Another trade for 1,584 shares valued at $228,793 was made by SHARBUTT DAVID E on Wednesday, December 13.

Investors sentiment increased to 1.2 in Q3 2017. 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. Barr E S And reported 0.35% stake. Muzinich And invested in 2,932 shares or 0.04% of the stock. Mar Vista Investment Prns Limited Liability holds 5.54% of its portfolio in American Tower Corporation (NYSE:REIT) for 976,356 shares. Atwood Palmer Incorporated invested in 0.01% or 400 shares. First Long Island Lc owns 70,272 shares. Menta Capital Ltd Company accumulated 4,471 shares. Clinton Group Inc stated it has 0.12% of its portfolio in American Tower Corporation (NYSE:REIT). Ipswich Inv Mngmt Co Incorporated holds 0.19% of its portfolio in American Tower Corporation (NYSE:REIT) for 3,100 shares. Sumitomo Mitsui Asset Comm stated it has 122,036 shares. 2.00 million were accumulated by Tcw. Numeric Invsts Ltd Company reported 6,100 shares. Winslow Mgmt Limited Liability has 1.94% invested in American Tower Corporation (NYSE:REIT). Liberty Cap Mgmt Inc invested 1.44% of its portfolio in American Tower Corporation (NYSE:REIT). Virginia-based Broad Run Inv has invested 11.08% in American Tower Corporation (NYSE:REIT). Bath Savings Trust holds 1.56% of its portfolio in American Tower Corporation (NYSE:REIT) for 42,808 shares.

Rare Infrastructure Ltd increased Genesee & Wyo Inc (NYSE:GWR) stake by 636,395 shares to 784,178 valued at $58.04 million in 2017Q3. It also upped Crown Castle Intl Corp New (NYSE:CCI) stake by 11,448 shares and now owns 1.67M shares. Canadian Natl Ry Co (NYSE:CNI) was raised too.

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 rating was maintained by Deutsche Bank on Friday, July 14 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 31. Jefferies maintained American Tower Corporation (NYSE:REIT) rating on Friday, July 29. Jefferies has “Buy” rating and $136 target. Oppenheimer maintained American Tower Corporation (NYSE:REIT) rating on Thursday, July 27. Oppenheimer has “Buy” rating and $15500 target. The rating was maintained by UBS with “Buy” on Monday, September 11. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Zacks on Monday, August 24. Stifel Nicolaus maintained the shares of AMT in report on Monday, October 31 with “Buy” rating. The firm has “Buy” rating by SunTrust given on Tuesday, September 13. Citigroup maintained American Tower Corporation (NYSE:REIT) on Thursday, June 16 with “Buy” rating. The stock has “Hold” rating by Evercore on Tuesday, April 19.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company has market cap of $3.65 billion. The companyÂ’s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It currently has negative earnings. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications.

Among 15 analysts covering New Relic Inc (NYSE:NEWR), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. New Relic Inc has $71.0 highest and $30 lowest target. $55.06’s average target is -16.32% below currents $65.8 stock price. New Relic Inc had 41 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of NEWR in report on Wednesday, November 29 with “Buy” rating. The stock has “Buy” rating by Needham on Monday, October 23. JMP Securities maintained it with “Market Outperform” rating and $56 target in Wednesday, November 8 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, February 7. The stock of New Relic, Inc. (NYSE:NEWR) has “Buy” rating given on Tuesday, November 17 by Needham. The stock of New Relic, Inc. (NYSE:NEWR) earned “Buy” rating by Guggenheim on Friday, November 18. The firm earned “Buy” rating on Friday, August 4 by Cowen & Co. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 20. The firm has “Buy” rating given on Tuesday, December 15 by Guggenheim. The firm earned “Overweight” rating on Thursday, September 10 by Morgan Stanley.

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