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Lazard Asset Management Has Cut American Tower (AMT) Position by $4.80 Million; Orbotech LTD (ORBK) Holder Smith Moore & Company Lowered Position

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Lazard Asset Management Llc decreased its stake in American Tower (AMT) by 21.9% based on its latest 2018Q1 regulatory filing with the SEC. Lazard Asset Management Llc sold 33,112 shares as the company’s stock declined 4.49% with the market. The institutional investor held 118,086 shares of the real estate investment trusts company at the end of 2018Q1, valued at $17.16 million, down from 151,198 at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in American Tower for a number of months, seems to be less bullish one the $62.04 billion market cap company. The stock increased 0.99% or $1.38 during the last trading session, reaching $140.46. About 924,786 shares traded. American Tower Corporation (NYSE:AMT) has risen 4.03% since June 20, 2017 and is uptrending. It has underperformed by 8.54% the S&P500.

Smith Moore & Company decreased its stake in Orbotech Ltd (ORBK) by 55.56% based on its latest 2018Q1 regulatory filing with the SEC. Smith Moore & Company sold 5,000 shares as the company’s stock rose 17.09% while stock markets declined. The institutional investor held 4,000 shares of the industrial machinery and components company at the end of 2018Q1, valued at $249,000, down from 9,000 at the end of the previous reported quarter. Smith Moore & Company who had been investing in Orbotech Ltd for a number of months, seems to be less bullish one the $3.05B market cap company. The stock decreased 0.10% or $0.06 during the last trading session, reaching $62.8. About 283,038 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 82.83% since June 20, 2017 and is uptrending. It has outperformed by 70.26% the S&P500. Some Historical ORBK News: 08/05/2018 – ORBOTECH LTD – HAS RECEIVED ORDERS TOTALING APPROXIMATELY $50 MLN FROM TAIPEI-BASED CAREER TECHNOLOGY; 19/03/2018 – RPT-ORBOTECH LTD – NO APPROVAL BY KLA-TENCOR STOCKHOLDERS IS REQUIRED FOR DEAL; 19/03/2018 – KLA-TENCOR SAYS DEAL PROVIDES THAT UPON TERMINATION UNDER CIRCUMSTANCES ORBOTECH MAY BE REQUIRED TO PAY CO TERMINATION FEE OF $125 MLN – SEC FILING; 08/05/2018 – ORBOTECH 1Q ADJ EPS 83C, EST. 75C; 03/05/2018 – ORBOTECH: ISRAEL EXEMPTS KLA-TENCOR DEAL FROM PREMERGER NOTICE; 08/05/2018 – Orbotech Sees 2Q Rev $250M-$265M; 08/03/2018 – ORBOTECH DECLINES TO COMMENT ON MARKER REPORT ON POTENTIAL SALE; 19/03/2018 – Moody’s Affirms Kla-Tencor’s Baa2 Rating Following Credit Positive Acquisition Of Orbotech Ltd; 19/03/2018 – KLA-Tencor Aims to Complete Repurchase 12-18 Months Following Orbotech Closing; 19/03/2018 – KLA-Tencor Sees Orbotech Deal Immediately Adding to Adjusted EPS/

Analysts await Orbotech Ltd. (NASDAQ:ORBK) to report earnings on August, 1. They expect $0.87 earnings per share, up 38.10% or $0.24 from last year’s $0.63 per share. ORBK’s profit will be $42.25M for 18.05 P/E if the $0.87 EPS becomes a reality. After $0.77 actual earnings per share reported by Orbotech Ltd. for the previous quarter, Wall Street now forecasts 12.99% EPS growth.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Orbotech had 27 analyst reports since September 8, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, March 20 by Lake Street. The stock has “Hold” rating by Needham on Monday, March 19. The rating was downgraded by Stifel Nicolaus on Monday, March 19 to “Hold”. The stock has “Buy” rating by Oppenheimer on Thursday, February 15. The stock of Orbotech Ltd. (NASDAQ:ORBK) earned “Buy” rating by Jefferies on Wednesday, August 2. The rating was maintained by Jefferies on Monday, February 12 with “Buy”. As per Thursday, December 10, the company rating was maintained by Needham. The firm has “Outperform” rating given on Wednesday, December 2 by Oppenheimer. Jefferies maintained the stock with “Buy” rating in Thursday, October 19 report. Jefferies maintained it with “Buy” rating and $3900 target in Monday, July 10 report.

More news for Orbotech Ltd. (NASDAQ:ORBK) were recently published by: Investorplace.com, which released: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” on June 15, 2018. Nasdaq.com‘s article titled: “Consolidated Research: 2018 Summary Expectations for Summit Therapeutics, Orbotech, Amphastar Pharmaceuticals …” and published on June 05, 2018 is yet another important article.

Smith Moore & Company, which manages about $504.66 million and $373.15 million US Long portfolio, upped its stake in Ishares Tr (EEM) by 10,964 shares to 94,050 shares, valued at $4.54M in 2018Q1, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 330 shares in the quarter, for a total of 1,007 shares, and has risen its stake in Aberdeen Asia Pacific Incom (FAX).

Lazard Asset Management Llc, which manages about $52.80 billion US Long portfolio, upped its stake in Te Connectivity (NYSE:TEL) by 184,661 shares to 184,678 shares, valued at $18.45M in 2018Q1, according to the filing. It also increased its holding in Shinhan Fin Adr (NYSE:SHG) by 31,173 shares in the quarter, for a total of 289,119 shares, and has risen its stake in Chase Corp (NYSEMKT:CCF).

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.07, from 1.25 in 2017Q4. It fall, as 49 investors sold AMT shares while 291 reduced holdings. 94 funds opened positions while 308 raised stakes. 389.87 million shares or 3.17% more from 377.89 million shares in 2017Q4 were reported. Amer Trust Inv Ltd Liability Co owns 24,544 shares or 2.85% of their US portfolio. Private Wealth Partners Lc owns 1,678 shares. Wallington Asset Limited Liability Company stated it has 3.15% of its portfolio in American Tower Corporation (NYSE:REIT). Utah Retirement System has 88,301 shares. 28,770 were accumulated by Northstar Asset Mgmt Lc. Moreover, Amica Mutual has 0.6% invested in American Tower Corporation (NYSE:REIT). Atwood And Palmer owns 0.01% invested in American Tower Corporation (NYSE:REIT) for 400 shares. Weatherly Asset Management Ltd Partnership reported 3,904 shares. Blume Mngmt holds 1,100 shares. Loring Wolcott And Coolidge Fiduciary Advsr Limited Liability Partnership Ma reported 1.43M shares or 3.79% of all its holdings. Cobblestone Cap Advisors Limited Co Ny has invested 0.99% in American Tower Corporation (NYSE:REIT). Moreover, Fmr Ltd has 0.27% invested in American Tower Corporation (NYSE:REIT) for 15.56M shares. Employees Retirement System Of Texas holds 103,100 shares or 0.2% of its portfolio. Citigroup, a New York-based fund reported 420,782 shares. Heritage Management invested in 41,005 shares.

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 73 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Tuesday, July 4 with “Buy”. Jefferies maintained the shares of AMT in report on Monday, August 7 with “Buy” rating. As per Thursday, September 21, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 29. The stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given on Thursday, August 6 by Morgan Stanley. Evercore downgraded the shares of AMT in report on Tuesday, April 19 to “Hold” rating. Oppenheimer maintained it with “Buy” rating and $160.0 target in Wednesday, December 20 report. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Deutsche Bank on Friday, July 14. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, November 1 report.

Since January 2, 2018, it had 0 buys, and 8 insider sales for $24.06 million activity. $715,800 worth of American Tower Corporation (NYSE:REIT) was sold by THOMPSON SAMME L. 14,223 shares were sold by DiSanto Edmund, worth $1.99 million. TAICLET JAMES D JR sold $6.09 million worth of stock or 43,843 shares. Shares for $4.11 million were sold by HESS WILLIAM H on Saturday, March 10. Sharma Amit sold $4.57 million worth of American Tower Corporation (NYSE:REIT) on Monday, April 16.

American Tower Corporation (NYSE:REIT) Ratings Chart

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