Terra Nova Asset Management Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Terra Nova Asset Management reduced its stake in Crown Castle International Corp by 28.54% during the most recent quarter end. The investment management company now holds a total of 10,000 shares of Crown Castle International Corp which is valued at $960,700 after selling 3,993 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Crown Castle International Corp makes up approximately 1.60% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in CCI in the latest quarter, The investment management firm added 13,723 additional shares and now holds a total of 22,382 shares of Crown Castle International Corp which is valued at $2,150,239. Crown Castle International Corp makes up approx 0.05% of Hl Financial Services’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.Kanaly Trust Co boosted its stake in CCI in the latest quarter, The investment management firm added 7,028 additional shares and now holds a total of 7,095 shares of Crown Castle International Corp which is valued at $701,483. Crown Castle International Corp makes up approx 0.14% of Kanaly Trust Co’s portfolio. Donald L. Hagan sold out all of its stake in CCI during the most recent quarter. The investment firm sold 30 shares of CCI which is valued $2,966.First Western Capital Management Co boosted its stake in CCI in the latest quarter, The investment management firm added 3,938 additional shares and now holds a total of 26,190 shares of Crown Castle International Corp which is valued at $2,613,762. Crown Castle International Corp makes up approx 0.93% of First Western Capital Management Co’s portfolio.

Crown Castle International Corp opened for trading at $96.65 and hit $97.5 on the upside on Friday, eventually ending the session at $97.03, with a gain of 0.48% or 0.46 points. The heightened volatility saw the trading volume jump to 19,20,843 shares. Company has a market cap of $32,753 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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