November 28, 2016 - By Adrian Mccoy · 0 Comments
Crown Castle International Corp (NYSE:CCI) institutional sentiment decreased to 1.12 in 2016 Q2. Its down -0.51, from 1.63 in 2016Q1. The ratio worsened, as 325 hedge funds increased or started new stock positions, while 200 trimmed and sold equity positions in Crown Castle International Corp. The hedge funds in our partner’s database now possess: 321.34 million shares, up from 318.01 million shares in 2016Q1. Also, the number of hedge funds holding Crown Castle International Corp in their top 10 stock positions increased from 15 to 22 for an increase of 7. Sold All: 41 Reduced: 159 Increased: 235 New Position: 90.
Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $30.48 billion. The Firm owns, operates, and leases shared wireless infrastructure, including towers and other structures, such as rooftops and small cell networks supported by fiber. It has a 85.99 P/E ratio. The Firm operates through U.S. activities segment.
About 1.08 million shares traded hands. Crown Castle International Corp (NYSE:CCI) has declined 2.76% since April 25, 2016 and is downtrending. It has underperformed by 8.78% the S&P500.
Analysts await Crown Castle International Corp (NYSE:CCI) to report earnings on January, 25. They expect $1.12 earnings per share, up 0.90% or $0.01 from last year’s $1.11 per share. CCI’s profit will be $403.85 million for 18.87 P/E if the $1.12 EPS becomes a reality. After $1.09 actual earnings per share reported by Crown Castle International Corp for the previous quarter, Wall Street now forecasts 2.75% EPS growth.
According to Zacks Investment Research, “Crown Castle International Corp. operates as a real estate investment trust. It owns, operates, and leases shared wireless infrastructure primarily in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, small cells. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements. The company offers network services relating to wireless infrastructure, primarily consisting of antenna installations or subsequent augmentations, as well as site development services relating to wireless infrastructure. Crown Castle International Corp. is headquartered in Houston, Texas.”
Michael & Susan Dell Foundation holds 34.02% of its portfolio in Crown Castle International Corp for 323,300 shares. Rare Infrastructure Ltd owns 2.19 million shares or 9.96% of their US portfolio. Moreover, Skylands Capital Llc has 9.83% invested in the company for 593,000 shares. The Switzerland-based Partners Group Holding Ag has invested 7.95% in the stock. Highline Capital Management L.P., a New York-based fund reported 1.93 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 2 sales for $4.45 million net activity.
Ratings analysis reveals 73% of Crown Castle International Corp’s analysts are positive. Out of 11 Wall Street analysts rating Crown Castle International Corp, 8 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $90 while the high is $110. The stock’s average target of $101 is 19.48% above today’s ($84.53) share price. CCI was included in 18 notes of analysts from July 21, 2015. The rating was initiated by SunTrust on Thursday, February 25 with “Buy”. The company was maintained on Friday, October 23 by Stifel Nicolaus. Citigroup upgraded Crown Castle International Corp (NYSE:CCI) rating on Wednesday, July 22. Citigroup has “Buy” rating and $92 price target. The rating was maintained by Citigroup on Friday, September 16 with “Neutral”. The stock of Crown Castle International Corp (NYSE:CCI) has “Buy” rating given on Wednesday, August 26 by Stifel Nicolaus. The company was maintained on Monday, April 25 by Cowen & Co. Suntrust Robinson initiated Crown Castle International Corp (NYSE:CCI) on Thursday, February 25 with “Buy” rating. The stock of Crown Castle International Corp (NYSE:CCI) earned “Hold” rating by Evercore on Tuesday, July 21. The stock has “Buy” rating given by Stifel Nicolaus on Friday, July 22. The rating was downgraded by Citigroup to “Neutral” on Monday, July 11.
Crown Castle International Corp., incorporated on May 27, 2014, is a real estate investment trust (REIT). The Firm owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers) and small cell networks supported by fiber (collectively small cells, and together with towers, wireless infrastructure). The Firm operates through U.S. activities segment. The Firm also offers certain network services relating to its wireless infrastructure, consisting of site development services relating to existing or new tenant equipment installations on its wireless infrastructure, including site acquisition, architectural and engineering, or zoning and permitting (collectively, site development services), and tenant equipment installation or subsequent augmentations (collectively installation services).
More recent Crown Castle International Corp (NYSE:CCI) news were published by: Forbes.com which released: “RSI Alert: Crown Castle International Now Oversold” on November 09, 2016. Also Prnewswire.com published the news titled: “NextEra Energy reaches agreement to sell FiberNet to Crown Castle …” on November 01, 2016. Bizjournals.com‘s news article titled: “Houston wireless co. to acquire fiber services provider for $1.5B” with publication date: November 01, 2016 was also an interesting one.
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By Adrian Mccoy