CROWN CASTLE IN/SH SH (NYSE:CCI) Stock Position Lifted by CX Institutional

CX Institutional grew its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 34.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317 shares of the real estate investment trust’s stock after buying an additional 81 shares during the period. CX Institutional’s holdings in CROWN CASTLE IN/SH SH were worth $44,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS lifted its holdings in shares of CROWN CASTLE IN/SH SH by 19.6% in the 2nd quarter. DNB Asset Management AS now owns 78,322 shares of the real estate investment trust’s stock worth $10,209,000 after purchasing an additional 12,824 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of CROWN CASTLE IN/SH SH by 25.0% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $1,245,000 after purchasing an additional 1,910 shares during the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of CROWN CASTLE IN/SH SH by 86.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 21,098 shares of the real estate investment trust’s stock worth $2,750,000 after purchasing an additional 9,768 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of CROWN CASTLE IN/SH SH by 46.4% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 46,993 shares of the real estate investment trust’s stock worth $6,099,000 after purchasing an additional 14,893 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of CROWN CASTLE IN/SH SH by 87.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 15,726 shares of the real estate investment trust’s stock worth $2,050,000 after purchasing an additional 7,355 shares during the last quarter. 91.57% of the stock is currently owned by institutional investors.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin bought 16,300 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $127.33 per share, for a total transaction of $2,075,479.00. Following the transaction, the director now directly owns 130,617 shares in the company, valued at $16,631,462.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $143.34, for a total value of $143,340.00. Following the completion of the sale, the vice president now owns 616 shares in the company, valued at $88,297.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

CCI opened at $136.68 on Friday. CROWN CASTLE IN/SH SH has a 12 month low of $103.21 and a 12 month high of $149.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $57.06 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.57 and a beta of 0.27. The stock’s 50 day moving average price is $141.63 and its 200 day moving average price is $133.42.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.125 dividend. This represents a $4.50 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.

CCI has been the topic of several recent research reports. Bank of America reissued a “buy” rating and issued a $151.00 price target (up previously from $133.00) on shares of CROWN CASTLE IN/SH SH in a report on Wednesday, August 14th. Citigroup cut their price target on CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. ValuEngine downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their price target on CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. CROWN CASTLE IN/SH SH currently has a consensus rating of “Hold” and a consensus target price of $131.83.

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.

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

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