November 29, 2016 - By Nellie Frank · 0 Comments
The stock of Crown Castle International Corporation (NYSE:CCI) registered an increase of 10.69% in short interest. CCI’s total short interest was 9.59M shares in November as published by FINRA. Its up 10.69% from 8.66 million shares, reported previously. With 2.57 million shares average volume, it will take short sellers 4 days to cover their CCI’s short positions. The short interest to Crown Castle International Corporation’s float is 2.86%. The stock decreased 0.50% or $0.42 during the last trading session, hitting $84.35. Crown Castle International Corp (NYSE:CCI) has declined 3.67% since April 26, 2016 and is downtrending. It has underperformed by 8.93% the S&P500.
Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $30.42 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 85.81 P/E ratio. The Firm operates through U.S. activities segment.
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.51, from 1.63 in 2016Q1. The ratio fall, as 41 funds sold all Crown Castle International Corp shares owned while 159 reduced positions. 90 funds bought stakes while 235 increased positions. They now own 321.34 million shares or 1.05% more from 318.01 million shares in 2016Q1.
Fairview Capital Inv Mngmt Limited Co owns 214,074 shares or 1.77% of their US portfolio. Vanguard Gp last reported 0.13% of its portfolio in the stock. Guggenheim Cap Ltd Liability holds 530,365 shares or 0.17% of its portfolio. Wms Prns Ltd Liability Co reported 2,900 shares or 0.04% of all its holdings. Reliance Of Delaware has 8,744 shares for 0.07% of their US portfolio. Global X Communications Limited Liability last reported 0.1% of its portfolio in the stock. Apg Asset Management Nv holds 0.04% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 220,098 shares. State Treasurer State Of Michigan last reported 255,754 shares in the company. Cibc Asset Incorporated, a Ontario – Canada-based fund reported 57,354 shares. Morgan Stanley holds 7.78 million shares or 0.29% of its portfolio. Spinnaker Tru holds 0.12% or 8,706 shares in its portfolio. Texas Yale Capital Corporation holds 0.09% or 9,349 shares in its portfolio. The Massachusetts-based Eventide Asset Management Limited Liability Corporation has invested 3.26% in Crown Castle International Corp (NYSE:CCI). Axa holds 0.06% or 130,564 shares in its portfolio. Hap Trading Ltd Llc holds 66,518 shares or 0.39% of its portfolio.
Insider Transactions: Since September 7, 2016, the stock had 3 buys, and 2 insider sales for $4.45 million net activity. 1,000 shares were sold by MCKENZIE ROBERT F, worth $93,065 on Monday, September 12. Shares for $4.91M were sold by MORELAND W BENJAMIN on Wednesday, September 7. 1,248 shares were bought by Simon Kenneth Jay, worth $100,074 on Monday, November 14. On Monday, November 14 SCHLANGER DANIEL K bought $250,384 worth of the stock or 3,140 shares. Melone Anthony J. bought 2,500 shares worth $204,605.
Out of 11 analysts covering Crown Castle International Corp (NYSE:CCI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $110 is the highest target while $90 is the lowest. The $101 average target is 19.74% above today’s ($84.35) stock price. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, April 25, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Thursday, February 25 by SunTrust. The stock of Crown Castle International Corp (NYSE:CCI) has “Buy” rating given on Wednesday, August 26 by Stifel Nicolaus. The stock has “Neutral” rating given by Citigroup on Monday, July 11. BTIG Research downgraded Crown Castle International Corp (NYSE:CCI) on Tuesday, July 19 to “Neutral” rating. The stock has “Buy” rating given by Suntrust Robinson on Thursday, February 25. The firm has “Hold” rating given on Tuesday, July 21 by Evercore. The rating was initiated by SunTrust with “Buy” on Tuesday, September 13. The rating was upgraded by Citigroup to “Buy” on Wednesday, July 22. Stifel Nicolaus maintained the shares of CCI in a report on Friday, July 22 with “Buy” rating.
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 Nellie Frank