Crown Castle International Corp (CCI) : Skylands Capital reduced its stake in Crown Castle International Corp by 4.23% during the most recent quarter end. The investment management company now holds a total of 626,750 shares of Crown Castle International Corp which is valued at $54,702,740 after selling 27,700 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Crown Castle International Corp makes up approximately 8.63% of Skylands Capital’s portfolio.
Crown Castle International Corp opened for trading at $87.19 and hit $87.74 on the upside on Monday, eventually ending the session at $87.58, with a gain of 0.34% or 0.3 points. The heightened volatility saw the trading volume jump to 10,59,894 shares. Company has a market cap of $29,231 M.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in CCI during the most recent quarter. The investment firm sold 10,820 shares of CCI which is valued $944,370.Gofen Glossberg Il reduced its stake in CCI by selling 22 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 3,504 shares of CCI which is valued at $305,829. Crown Castle International Corp makes up approx 0.01% of Gofen Glossberg Il’s portfolio.Eagle Asset Management Inc boosted its stake in CCI in the latest quarter, The investment management firm added 5,621 additional shares and now holds a total of 285,840 shares of Crown Castle International Corp which is valued at $25,013,858. Crown Castle International Corp makes up approx 0.18% of Eagle Asset Management Inc’s portfolio.British Columbia Investment Management Corp reduced its stake in CCI by selling 24,164 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 182,103 shares of CCI which is valued at $15,935,834. Crown Castle International Corp makes up approx 0.15% of British Columbia Investment Management Corp’s portfolio. First American Bank added CCI to its portfolio by purchasing 3,619 company shares during the most recent quarter which is valued at $316,699. Crown Castle International Corp makes up approx 0.03% of First American Bank’s portfolio.
On the company’s financial health, Crown Castle International Corp reported $1.11 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $1.11. The company had revenue of $945.80 million for the quarter, compared to analysts expectations of $926.60 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.
Many Wall Street Analysts have commented on Crown Castle International Corp. Sun Trust Rbsn Humphrey Initiated Crown Castle International Corp on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $100.Deutsche Bank Initiated Crown Castle International Corp on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $98.Company shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $97 .
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).