WCM Investment Management CA Has $76.54 Million Holdings in Crown Castle International Corp. (CCI)

WCM Investment Management CA raised its holdings in shares of Crown Castle International Corp. (NYSE:CCI) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 698,291 shares of the real estate investment trust’s stock after buying an additional 18,544 shares during the period. Crown Castle International comprises approximately 0.7% of WCM Investment Management CA’s portfolio, making the stock its 18th largest position. WCM Investment Management CA owned about 0.17% of Crown Castle International worth $76,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCI. Creative Planning boosted its position in Crown Castle International by 14.4% during the fourth quarter. Creative Planning now owns 10,469 shares of the real estate investment trust’s stock valued at $1,162,000 after buying an additional 1,315 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Crown Castle International by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,389,169 shares of the real estate investment trust’s stock valued at $154,212,000 after acquiring an additional 51,798 shares during the last quarter. Segment Wealth Management LLC bought a new position in shares of Crown Castle International during the fourth quarter valued at about $333,000. IFP Advisors Inc raised its stake in shares of Crown Castle International by 32.5% during the fourth quarter. IFP Advisors Inc now owns 11,956 shares of the real estate investment trust’s stock valued at $1,327,000 after acquiring an additional 2,933 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Crown Castle International by 9.1% during the fourth quarter. APG Asset Management N.V. now owns 131,660 shares of the real estate investment trust’s stock valued at $12,172,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

In related news, SVP Kenneth Jay Simon sold 693 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.79, for a total value of $75,391.47. Following the completion of the transaction, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anthony J. Melone purchased 1,979 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The stock was bought at an average cost of $101.06 per share, with a total value of $199,997.74. Following the completion of the purchase, the director now owns 10,547 shares of the company’s stock, valued at $1,065,879.82. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on CCI shares. Zacks Investment Research raised shares of Crown Castle International from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, March 27th. Goldman Sachs Group downgraded shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of Crown Castle International from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Crown Castle International in a research note on Friday, January 26th. Finally, Cowen reaffirmed a “buy” rating and set a $119.00 price objective on shares of Crown Castle International in a research note on Friday, April 20th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $114.75.

Crown Castle International traded down $0.45, reaching $101.71, during trading on Thursday, Marketbeat reports. The company had a trading volume of 14,836 shares, compared to its average volume of 2,626,156. Crown Castle International Corp. has a 52 week low of $93.14 and a 52 week high of $114.97. The company has a market cap of $42.20 billion, a P/E ratio of 20.99, a PEG ratio of 1.25 and a beta of 0.29. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.90 and a quick ratio of 0.90.

Crown Castle International (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.98). Crown Castle International had a return on equity of 4.06% and a net margin of 8.87%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company earned $1.11 earnings per share. Crown Castle International’s quarterly revenue was up 27.9% on a year-over-year basis. equities research analysts expect that Crown Castle International Corp. will post 5.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, June 14th. Crown Castle International’s payout ratio is currently 86.60%.

About Crown Castle International

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.

Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

Receive News & Ratings for Crown Castle International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply