Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in CROWN CASTLE IN/SH SH (NYSE:CCI)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,663 shares of the real estate investment trust’s stock after purchasing an additional 722 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CROWN CASTLE IN/SH SH were worth $12,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Western Wealth Management LLC grew its stake in CROWN CASTLE IN/SH SH by 9.7% in the first quarter. Western Wealth Management LLC now owns 3,463 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 307 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of CROWN CASTLE IN/SH SH by 40.8% during the first quarter. Hunter Associates Investment Management LLC now owns 2,760 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 800 shares during the last quarter. Sterling Investment Management Inc. grew its stake in shares of CROWN CASTLE IN/SH SH by 7.2% during the first quarter. Sterling Investment Management Inc. now owns 23,409 shares of the real estate investment trust’s stock worth $2,996,000 after acquiring an additional 1,582 shares during the last quarter. Vantage Investment Partners LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the first quarter worth about $8,392,000. Finally, Ellis Investment Partners LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the first quarter worth about $610,000. Institutional investors own 92.06% of the company’s stock.

A number of equities research analysts have recently weighed in on CCI shares. Wells Fargo & Co boosted their price target on CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. New Street Research lowered CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research note on Thursday, June 13th. JPMorgan Chase & Co. upgraded CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $150.00 in a research note on Thursday, August 1st. Finally, Morgan Stanley boosted their price target on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.70.

In related news, VP Robert Sean Collins sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $125.19, for a total value of $150,228.00. Following the sale, the vice president now owns 1,616 shares in the company, valued at $202,307.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Landis Martin bought 16,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average price of $127.33 per share, for a total transaction of $2,075,479.00. Following the transaction, the director now owns 130,617 shares of the company’s stock, valued at $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

NYSE CCI traded up $0.30 during trading hours on Friday, reaching $141.24. The stock had a trading volume of 1,510,448 shares, compared to its average volume of 2,245,030. The company’s fifty day moving average is $132.63. The stock has a market cap of $58.60 billion, a PE ratio of 25.77, a P/E/G ratio of 1.61 and a beta of 0.33. CROWN CASTLE IN/SH SH has a 52-week low of $103.21 and a 52-week high of $141.87. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.85). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. CROWN CASTLE IN/SH SH’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities analysts forecast that CROWN CASTLE IN/SH SH will post 5.11 earnings per share for the current fiscal year.

About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

See Also: SEC Filing

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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