American Tower rises as SpaceX spectrum deal boosts tower demand hopes

American Tower Corporation (AMT) is up 6.7% today. Here is some analysis on what might have caused this price movement. ([investing.com](https://www.investing.com/news/stock-market-news/us-european-telecom-stocks-slide-as-spacex-spectrum-deal-rattles-sector-4940422?utm_source=openai))

Analysis: The most likely catalyst is a sector-wide rally in tower operators after SpaceX agreed to acquire a large low-band spectrum portfolio, which increased investor expectations that any broader terrestrial wireless buildout could require more leased tower infrastructure. The move may also have been helped by positioning ahead of American Tower’s October 27, 2026 third-quarter earnings report and by the company’s previously improved 2026 outlook. ([investing.com](https://www.investing.com/news/stock-market-news/us-european-telecom-stocks-slide-as-spacex-spectrum-deal-rattles-sector-4940422?utm_source=openai))

Details:

Sources:

Reuters, American Tower, Federal Communications Commission

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AMT Insider Trading Activity

$AMT insiders have traded $AMT stock on the open market 9 times in the past 6 months. Of those trades, 4 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $AMT stock by insiders over the last 6 months:

• ROBERT JOSEPH MEYER (SVP & Advisor to the CFO) sold 5,000 shares for an estimated $894,449
• RAJESH KALATHUR purchased 2,829 shares for an estimated $500,733
• RUTH T DOWLING (EVP, Chief Admin Ofr, GC & Sec) has made 0 purchases and 4 sales selling 2,763 shares for an estimated $482,732.
• TERESA HILLARY CLARKE has made 3 purchases buying 132 shares for an estimated $23,347 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$AMT Hedge Fund Activity

We have seen 825 institutional investors add shares of $AMT stock to their portfolio, and 846 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• JPMORGAN CHASE & CO added 8,853,450 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,448,158,816
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,607,388 shares (+inf%) to their portfolio in Q2 2026, for an estimated $917,200,455
• LAZARD ASSET MANAGEMENT LLC added 2,317,960 shares (+38.1%) to their portfolio in Q2 2026, for an estimated $379,148,717
• AQR CAPITAL MANAGEMENT LLC added 1,886,295 shares (+328.6%) to their portfolio in Q2 2026, for an estimated $308,541,273
• ONTARIO TEACHERS PENSION PLAN BOARD added 1,784,357 shares (+inf%) to their portfolio in Q2 2026, for an estimated $291,867,274
• CANTILLON CAPITAL MANAGEMENT LLC removed 1,612,473 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $263,752,208
• JANE STREET GROUP, LLC added 1,461,888 shares (+2316.7%) to their portfolio in Q2 2026, for an estimated $239,121,020

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AMT Government Contracts

We have seen $926,952 of award payments to $AMT over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

• AMERICAN TOWER LEASE: $104,673
• THIS IS A LAW ENFORCEMENT ACQUISITION. THIS ACQUISITION IS FOR A LEASE OF ANTENNA SITE 10372 FOR CRIMINAL ...: $50,885
• LEASE OF ANTENNA SITE ALLEN #2 TX SITE #: 90353 LEASE #: 326332. FOR A PERIOD OF PERFORMANCE OF 10/01/2025 ...: $48,721

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$AMT Congressional Stock Trading

Members of Congress have traded $AMT stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $AMT stock by members of Congress over the last 6 months:

• REPRESENTATIVE DWIGHT EVANS sold up to $15,000 on 05/11.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$AMT Analyst Ratings

Wall Street analysts have issued reports on $AMT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• JP Morgan issued a "Overweight" rating on 04/29/2026

To track analyst ratings and price targets for $AMT, check out Quiver Quantitative's $AMT forecast page.

$AMT Price Targets

Multiple analysts have issued price targets for $AMT recently. We have seen 8 analysts offer price targets for $AMT in the last 6 months, with a median target of $211.5.

Here are some recent targets:

• Andrew Rosivach from Wolfe Research set a target price of $188.0 on 07/09/2026
• Jonathan Atkin from RBC Capital set a target price of $205.0 on 06/26/2026
• Michael Ng from Goldman Sachs set a target price of $215.0 on 06/26/2026
• Madison Rezaei from Bernstein set a target price of $207.0 on 05/19/2026
• Matthew Niknam from Truist Securities set a target price of $208.0 on 04/30/2026
• Maher Yaghi from Scotiabank set a target price of $218.0 on 04/29/2026
• Greg P. Miller from Citizens set a target price of $260.0 on 04/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.