Crown Castle International Corp (CCI) : Soros Fund Management added new position in Crown Castle International Corp during the most recent quarter end. The investment management firm now holds 354,519 shares of Crown Castle International Corp which is valued at $34,218,174 , the company said in a statement filed on Aug 15, 2016 with the SEC.Crown Castle International Corp makes up approximately 1.17% of Soros Fund Management’s portfolio.
Other Hedge Funds, Including , Zimmer Partners Lp sold out all of its stake in CCI during the most recent quarter. The investment firm sold 84,000 shares of CCI which is valued $8,107,680.Uniplan Investment Counsel reduced its stake in CCI by selling 14,572 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 635,149 shares of CCI which is valued at $61,304,581. Crown Castle International Corp makes up approx 2.72% of Uniplan Investment Counsel’s portfolio.South Dakota Investment Council boosted its stake in CCI in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 96,100 shares of Crown Castle International Corp which is valued at $9,275,572. Crown Castle International Corp makes up approx 0.19% of South Dakota Investment Council’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in CCI by selling 324,545 shares or 30.12% in the most recent quarter. The Hedge Fund company now holds 753,134 shares of CCI which is valued at $72,504,210. Crown Castle International Corp makes up approx 0.60% of Los Angeles Capital Management Equity Research Inc’s portfolio.Obermeyer Wood Investment Counsel Lllp boosted its stake in CCI in the latest quarter, The investment management firm added 15,880 additional shares and now holds a total of 126,827 shares of Crown Castle International Corp which is valued at $12,189,343. Crown Castle International Corp makes up approx 1.16% of Obermeyer Wood Investment Counsel Lllp’s portfolio.
Crown Castle International Corp closed down -0.02 points or -0.02% at $94.75 with 16,23,553 shares getting traded on Thursday. Post opening the session at $94.7, the shares hit an intraday low of $94.35 and an intraday high of $94.91 and the price fluctuated in this range throughout the day.Shares ended Thursday 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).