Echo Street Capital Management Cut Its American Tower New (AMT) Stake; CANWEL BUILDING MATERIALS GROUP LTD ORDI (CWXZF) Sellers Increased By 12.47% Their Shorts

February 21, 2018 - By Dolores Ford

CANWEL BUILDING MATERIALS GROUP LTD ORDI (OTCMKTS:CWXZF) had an increase of 12.47% in short interest. CWXZF’s SI was 87,500 shares in February as released by FINRA. Its up 12.47% from 77,800 shares previously. With 4,700 avg volume, 19 days are for CANWEL BUILDING MATERIALS GROUP LTD ORDI (OTCMKTS:CWXZF)’s short sellers to cover CWXZF’s short positions. It closed at $5.297 lastly. It is down 0.00% since February 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Echo Street Capital Management Llc decreased American Tower Corp New (AMT) stake by 4.43% reported in 2017Q3 SEC filing. Echo Street Capital Management Llc sold 31,947 shares as American Tower Corp New (AMT)’s stock rose 18.69%. The Echo Street Capital Management Llc holds 689,400 shares with $94.23M value, down from 721,347 last quarter. American Tower Corp New now has $59.44 billion valuation. The stock decreased 0.46% or $0.64 during the last trading session, reaching $138.6. About 1.88M shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since February 21, 2017 and is uptrending. It has outperformed by 6.96% the S&P500.

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company has market cap of $409.91 million. The firm sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products. It has a 12.61 P/E ratio. It also offers wood pressure treating services.

Echo Street Capital Management Llc increased Ps Business Pks Inc Calif (NYSE:PSB) stake by 30,577 shares to 99,165 valued at $13.24 million in 2017Q3. It also upped Groupe Cgi Inc (NYSE:GIB) stake by 164,267 shares and now owns 279,634 shares. Weingarten Rlty Invs (NYSE:WRI) was raised too.

Since August 24, 2017, it had 0 buys, and 7 sales for $18.32 million activity. The insider TAICLET JAMES D JR sold $4.96M. DiSanto Edmund also sold $1.36M worth of American Tower Corporation (NYSE:REIT) on Friday, September 29. Another trade for 1,584 shares valued at $228,793 was sold by SHARBUTT DAVID E. $715,800 worth of American Tower Corporation (NYSE:REIT) shares were sold by THOMPSON SAMME L. $717,450 worth of American Tower Corporation (NYSE:REIT) was sold by REEVE PAMELA D A.

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. As per Monday, November 27, the company rating was maintained by KeyBanc Capital Markets. The rating was initiated by Macquarie Research on Tuesday, December 6 with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 28 report. The rating was maintained by Jefferies with “Buy” on Monday, July 3. The stock of American Tower Corporation (NYSE:REIT) earned “Outperform” rating by RBC Capital Markets on Monday, May 2. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Oppenheimer on Wednesday, December 20. The firm earned “Buy” rating on Monday, September 11 by Jefferies. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) on Monday, October 2 with “Buy” rating. Morgan Stanley upgraded American Tower Corporation (NYSE:REIT) on Thursday, August 6 to “Overweight” rating. RBC Capital Markets maintained it with “Buy” rating and $14500 target in Friday, July 28 report.

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