Duff Phelps Investment Management Co buys $90,736,058 stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Duff Phelps Investment Management Co scooped up 56,750 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 Oct 14, 2016. The investment management firm now holds a total of 985,940 shares of Crown Castle International Corp which is valued at $90,736,058.Crown Castle International Corp makes up approximately 1.31% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in CCI in the latest quarter, The investment management firm added 18,983 additional shares and now holds a total of 233,939 shares of Crown Castle International Corp which is valued at $21,529,406. Crown Castle International Corp makes up approx 0.18% of National Pension Service’s portfolio.Creative Planning boosted its stake in CCI in the latest quarter, The investment management firm added 1,641 additional shares and now holds a total of 4,595 shares of Crown Castle International Corp which is valued at $408,955.Cutler Group Lp reduced its stake in CCI by selling 3,175 shares or 6.79% in the most recent quarter. The Hedge Fund company now holds 43,577 shares of CCI which is valued at $3,865,280. Crown Castle International Corp makes up approx 0.24% of Cutler Group Lp’s portfolio.Eqis Capital Management reduced its stake in CCI by selling 225 shares or 8.08% in the most recent quarter. The Hedge Fund company now holds 2,560 shares of CCI which is valued at $227,994. Crown Castle International Corp makes up approx 0.01% of Eqis Capital Management’s portfolio.

Crown Castle International Corp opened for trading at $91.94 and hit $92.98 on the upside on Friday, eventually ending the session at $92.03, with a gain of 0.23% or 0.21 points. The heightened volatility saw the trading volume jump to 21,41,435 shares. Company has a market cap of $31,066 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. SunTrust Initiated Crown Castle International Corp on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $107.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 .

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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