Stevens Capital Management Lp adds Crown Castle International Corp (CCI) to its portfolio

Crown Castle International Corp (CCI) : Stevens Capital Management Lp added new position in Crown Castle International Corp during the most recent quarter end. The investment management firm now holds 193,612 shares of Crown Castle International Corp which is valued at $17.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Crown Castle International Corp makes up approximately 0.70% of Stevens Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Sentinel Asset Management reduced its stake in CCI by selling 4,500 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of CCI which is valued at $269,550. Crown Castle International Corp makes up approx 0.01% of Sentinel Asset Management’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in CCI in the latest quarter, The investment management firm added 18,225 additional shares and now holds a total of 229,808 shares of Crown Castle International Corp which is valued at $20.6 Million. Crown Castle International Corp makes up approx 0.17% of Cornerstone Capital Management Holdings.’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in CCI by selling 448,940 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 9,397,907 shares of CCI which is valued at $844.4 Million. Crown Castle International Corp makes up approx 0.14% of Blackrock Institutional Trust Company N.a.’s portfolio.Wfg Advisors Lp boosted its stake in CCI in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 2,435 shares of Crown Castle International Corp which is valued at $218,785. Crown Castle International Corp makes up approx 0.06% of Wfg Advisors Lp’s portfolio.Princeton Capital Management Inc boosted its stake in CCI in the latest quarter, The investment management firm added 814 additional shares and now holds a total of 40,857 shares of Crown Castle International Corp which is valued at $3.5 Million. Crown Castle International Corp makes up approx 2.50% of Princeton Capital Management Inc’s portfolio.

Crown Castle International Corp closed down -0.21 points or -0.23% at $91.08 with 15,61,587 shares getting traded on Wednesday. Post opening the session at $91.49, the shares hit an intraday low of $90.87 and an intraday high of $91.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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