Marsico Capital Management buys $69,230,804 stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Marsico Capital Management scooped up 459,671 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 12, 2016. The investment management firm now holds a total of 717,269 shares of Crown Castle International Corp which is valued at $69,230,804.Crown Castle International Corp makes up approximately 2.28% of Marsico Capital Management’s portfolio.

Other Hedge Funds, Including , Fiduciary Financial Services Of The Southwest Inc Tx boosted its stake in CCI in the latest quarter, The investment management firm added 11,234 additional shares and now holds a total of 41,012 shares of Crown Castle International Corp which is valued at $3,958,478. Crown Castle International Corp makes up approx 1.26% of Fiduciary Financial Services Of The Southwest Inc Tx’s portfolio.Credit Agricole S A reduced its stake in CCI by selling 127,543 shares or 20.46% in the most recent quarter. The Hedge Fund company now holds 495,913 shares of CCI which is valued at $47,865,523. Crown Castle International Corp makes up approx 0.18% of Credit Agricole S A’s portfolio.New York State Teachers Retirement System reduced its stake in CCI by selling 6,706 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 626,268 shares of CCI which is valued at $61,919,117. Crown Castle International Corp makes up approx 0.16% of New York State Teachers Retirement System’s portfolio. Vigilant Capital Management added CCI to its portfolio by purchasing 109 company shares during the most recent quarter which is valued at $10,735.

Crown Castle International Corp opened for trading at $93.56 and hit $94 on the upside on Monday, eventually ending the session at $93.73, with a gain of 0.50% or 0.47 points. The heightened volatility saw the trading volume jump to 15,10,514 shares. Company has a market cap of $31,640 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.

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).

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