Crown Castle International Corp (CCI) : Maple-brown Abbott Ltd scooped up 7,210 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 Aug 9, 2016. The investment management firm now holds a total of 320,968 shares of Crown Castle International Corp which is valued at $30,899,589.Crown Castle International Corp makes up approximately 9.48% of Maple-brown Abbott Ltd’s portfolio.
Other Hedge Funds, Including , Reaves W H Co Inc boosted its stake in CCI in the latest quarter, The investment management firm added 8,705 additional shares and now holds a total of 680,021 shares of Crown Castle International Corp which is valued at $65,465,622. Crown Castle International Corp makes up approx 2.36% of Reaves W H Co Inc’s portfolio.Thompson Siegel Walmsley reduced its stake in CCI by selling 14,869 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 378,491 shares of CCI which is valued at $36,418,404. Crown Castle International Corp makes up approx 0.55% of Thompson Siegel Walmsley’s portfolio. Princeton Alpha Management Lp added CCI to its portfolio by purchasing 25,518 company shares during the most recent quarter which is valued at $2,455,342. Crown Castle International Corp makes up approx 0.41% of Princeton Alpha Management Lp’s portfolio.Three Peaks Capital Management reduced its stake in CCI by selling 14,810 shares or 19.69% in the most recent quarter. The Hedge Fund company now holds 60,396 shares of CCI which is valued at $5,811,303. Crown Castle International Corp makes up approx 0.97% of Three Peaks Capital Management’s portfolio.Checchi Capital Advisers boosted its stake in CCI in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 3,946 shares of Crown Castle International Corp which is valued at $390,141. Crown Castle International Corp makes up approx 0.10% of Checchi Capital Advisers’s portfolio.
Crown Castle International Corp closed down -0.22 points or -0.23% at $94.58 with 17,07,746 shares getting traded on Wednesday. Post opening the session at $95.03, the shares hit an intraday low of $94.14 and an intraday high of $95.08 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.
Investors should note that on Aug 2, 2016, Crown Castle International Corp announced a cash dividend of $0.8850. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Crown Castle International Corp. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $103 .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 .
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).