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Merit Financial Group LLC Has $4.08 Million Stake in American Tower Corporation $AMT
Merit Financial Group LLC significantly increased its stake in American Tower Corporation by 60.6%, now holding shares worth approximately $4.08 million. This comes amidst varied insider activity, with COO Eugene M. Noel selling a substantial portion of his shares while Director Rajesh Kalathur significantly increased his holdings. Analysts maintain a “Moderate Buy” rating for American Tower, with a consensus price target of $217.33, following a quarter where the company beat revenue expectations but missed on EPS.