Partners Group Holding Ag buys $33 Million stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Partners Group Holding Ag scooped up 25,700 additional shares in Crown Castle International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 367,000 shares of Crown Castle International Corp which is valued at $33 Million.Crown Castle International Corp makes up approximately 6.92% of Partners Group Holding Ag’s portfolio.

Other Hedge Funds, Including , Chartwell Investment Partners boosted its stake in CCI in the latest quarter, The investment management firm added 1,475 additional shares and now holds a total of 54,741 shares of Crown Castle International Corp which is valued at $4.9 Million. Crown Castle International Corp makes up approx 0.10% of Chartwell Investment Partners’s portfolio.Howard Hughes Medical Institute reduced its stake in CCI by selling 1,742 shares or 29.25% in the most recent quarter. The Hedge Fund company now holds 4,214 shares of CCI which is valued at $378,628. Crown Castle International Corp makes up approx 0.08% of Howard Hughes Medical Institute’s portfolio. Terra Nova Asset Management added CCI to its portfolio by purchasing 13,993 company shares during the most recent quarter which is valued at $1.2 Million. Crown Castle International Corp makes up approx 1.44% of Terra Nova Asset Management’s portfolio.Cadence Capital Management reduced its stake in CCI by selling 230 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 23,112 shares of CCI which is valued at $2 Million. Crown Castle International Corp makes up approx 0.14% of Cadence Capital Management’s portfolio.

Crown Castle International Corp opened for trading at $89.79 and hit $90.62 on the upside on Monday, eventually ending the session at $90.35, with a gain of 0.56% or 0.5 points. The heightened volatility saw the trading volume jump to 14,20,375 shares. Company has a market cap of $30,499 M.

On the company’s financial health, Crown Castle International Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.04. The company had revenue of $934.40 million for the quarter, compared to analysts expectations of $934.83 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Crown Castle International Corp. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $98 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 102 from a previous price target of $100 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $95 .

Crown 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). Its core business is renting space or physical capacity (collectively space) on its towers DAS and to a lesser extent third party land interests (collectively site rental business) through long-term contracts in various forms including license sublease and lease agreements (collectively contracts). The Company conducts its operations principally through subsidiaries of (CCOC) including certain subsidiaries which operate its wireless infrastructure portfolios in the United States including Puerto Rico (CCUSA).

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