Williams Jones Associates Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Williams Jones Associates reduced its stake in Crown Castle International Corp by 0.14% during the most recent quarter end. The investment management company now holds a total of 884,685 shares of Crown Castle International Corp which is valued at $72,535,323 after selling 1,273 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Crown Castle International Corp makes up approximately 2.15% of Williams Jones Associates’s portfolio.

Other Hedge Funds, Including , Grand Jean Capital Management Inc boosted its stake in CCI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 6,747 shares of Crown Castle International Corp which is valued at $553,187. Crown Castle International Corp makes up approx 0.24% of Grand Jean Capital Management Inc’s portfolio.Thomas White International Ltd reduced its stake in CCI by selling 11 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 20,099 shares of CCI which is valued at $1,723,087. Crown Castle International Corp makes up approx 0.25% of Thomas White International Ltd’s portfolio. Nn Investment Partners Holdings N.v. sold out all of its stake in CCI during the most recent quarter. The investment firm sold 2,102 shares of CCI which is valued $180,204.

Crown Castle International Corp closed down -0.11 points or -0.13% at $85 with 23,57,483 shares getting traded on Monday. Post opening the session at $85.1, the shares hit an intraday low of $84.73 and an intraday high of $85.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Crown Castle International Corp reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus of $1.11. The company had revenue of $992.00 million for the quarter, compared to analysts expectations of $969.57 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Investors should note that on Oct 21, 2016, Crown Castle International Corp announced a cash dividend of $0.9500. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 30, 2016.

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.

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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