State Of Alaska Department Of Revenue Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : State Of Alaska Department Of Revenue reduced its stake in Crown Castle International Corp by 13.55% during the most recent quarter end. The investment management company now holds a total of 124,450 shares of Crown Castle International Corp which is valued at $12,257,081 after selling 19,510 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Crown Castle International Corp makes up approximately 1.26% of State Of Alaska Department Of Revenue’s portfolio.

Other Hedge Funds, Including , Boston Common Asset Management boosted its stake in CCI in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 98,009 shares of Crown Castle International Corp which is valued at $9,652,906. Crown Castle International Corp makes up approx 1.39% of Boston Common Asset Management’s portfolio. Atria Investments added CCI to its portfolio by purchasing 2,033 company shares during the most recent quarter which is valued at $202,893. Crown Castle International Corp makes up approx 0.02% of Atria Investments’s portfolio.Kistler-tiffany Companies boosted its stake in CCI in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 865 shares of Crown Castle International Corp which is valued at $88,403. Crown Castle International Corp makes up approx 0.04% of Kistler-tiffany Companies’s portfolio.

Crown Castle International Corp closed down -1.17 points or -1.17% at $98.49 with 19,72,328 shares getting traded on Wednesday. Post opening the session at $99.68, the shares hit an intraday low of $98.4 and an intraday high of $99.78 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 Downgraded by Citigroup on Jul 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $94 .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 .

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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