Spinnaker Trust adds Crown Castle International Corp (CCI) to its portfolio

Crown Castle International Corp (CCI) : Spinnaker Trust added new position in Crown Castle International Corp during the most recent quarter end. The investment management firm now holds 8,706 shares of Crown Castle International Corp which is valued at $836,734 , the company said in a statement filed on Aug 1, 2016 with the SEC.Crown Castle International Corp makes up approximately 0.11% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in CCI in the latest quarter, The investment management firm added 5,421 additional shares and now holds a total of 714,502 shares of Crown Castle International Corp which is valued at $68,670,787. Crown Castle International Corp makes up approx 0.14% of California State Teachers Retirement System’s portfolio. Capital Fund Management S.a. added CCI to its portfolio by purchasing 9,468 company shares during the most recent quarter which is valued at $909,591. Crown Castle International Corp makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.1st Global Advisors boosted its stake in CCI in the latest quarter, The investment management firm added 364 additional shares and now holds a total of 6,074 shares of Crown Castle International Corp which is valued at $600,536. Crown Castle International Corp makes up approx 0.08% of 1st Global Advisors’s portfolio.First American Bank boosted its stake in CCI in the latest quarter, The investment management firm added 27,113 additional shares and now holds a total of 30,732 shares of Crown Castle International Corp which is valued at $3,038,473. Crown Castle International Corp makes up approx 0.30% of First American Bank’s portfolio. Investment Partners Ltd Oh Adv added CCI to its portfolio by purchasing 8,152 company shares during the most recent quarter which is valued at $813,570. Crown Castle International Corp makes up approx 0.80% of Investment Partners Ltd Oh Adv’s portfolio.

Crown Castle International Corp opened for trading at $96.18 and hit $97.01 on the upside on Thursday, eventually ending the session at $96.87, with a gain of 0.79% or 0.76 points. The heightened volatility saw the trading volume jump to 13,65,075 shares. Company has a market cap of $32,699 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.

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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