FIL Ltd Sells 25,243 Shares of Crown Castle International Corporation (CCI)

FIL Ltd cut its position in shares of Crown Castle International Corporation (NYSE:CCI) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,002 shares of the real estate investment trust’s stock after selling 25,243 shares during the period. FIL Ltd’s holdings in Crown Castle International Corporation were worth $43,733,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CCI. RidgeWorth Capital Management LLC raised its stake in Crown Castle International Corporation by 101.6% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,087,275 shares of the real estate investment trust’s stock valued at $94,343,000 after buying an additional 547,996 shares during the last quarter. Amtrust Financial Services Inc. bought a new stake in Crown Castle International Corporation during the fourth quarter valued at about $1,009,000. Capital Analysts LLC raised its stake in Crown Castle International Corporation by 1.8% in the fourth quarter. Capital Analysts LLC now owns 1,146 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 20 shares during the last quarter. FMR LLC raised its stake in Crown Castle International Corporation by 2.4% in the fourth quarter. FMR LLC now owns 3,300,247 shares of the real estate investment trust’s stock valued at $286,363,000 after buying an additional 76,429 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in Crown Castle International Corporation by 54.4% in the fourth quarter. Federated Investors Inc. PA now owns 8,736,412 shares of the real estate investment trust’s stock valued at $758,059,000 after buying an additional 3,078,924 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

Crown Castle International Corporation (NYSE:CCI) traded up 0.23% during mid-day trading on Friday, reaching $90.71. The company’s stock had a trading volume of 509,776 shares. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $102.82. The firm has a 50 day moving average price of $87.26 and a 200 day moving average price of $89.77. The company has a market cap of $31.94 billion, a price-to-earnings ratio of 95.48 and a beta of 0.27.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, January 25th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.76. The firm earned $1.03 billion during the quarter, compared to analyst estimates of $989.36 million. Crown Castle International Corporation had a net margin of 8.82% and a return on equity of 5.18%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts anticipate that Crown Castle International Corporation will post $1.16 earnings per share for the current year.

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CCI has been the topic of several analyst reports. Zacks Investment Research upgraded Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a report on Friday, January 13th. Macquarie reiterated an “outperform” rating and set a $95.00 target price on shares of Crown Castle International Corporation in a report on Friday, December 23rd. Deutsche Bank AG reiterated a “buy” rating and set a $106.00 target price on shares of Crown Castle International Corporation in a report on Friday, November 4th. BTIG Research reiterated a “neutral” rating and set a $91.50 target price on shares of Crown Castle International Corporation in a report on Wednesday, December 21st. Finally, Guggenheim initiated coverage on Crown Castle International Corporation in a report on Thursday, December 15th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $101.82.

In other news, VP Rob A. Fisher sold 1,843 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $85.31, for a total value of $157,226.33. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $1,194,340. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ari Q. Fitzgerald sold 3,395 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $81.35, for a total value of $276,183.25. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

5 Day Chart for NYSE:CCI

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