CROWN CASTLE IN/SH SH (CCI) Position Increased by Stoneridge Investment Partners LLC

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Stoneridge Investment Partners LLC boosted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 89.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,478 shares of the real estate investment trust’s stock after purchasing an additional 23,351 shares during the quarter. CROWN CASTLE IN/SH SH comprises approximately 1.7% of Stoneridge Investment Partners LLC’s holdings, making the stock its 14th largest position. Stoneridge Investment Partners LLC’s holdings in CROWN CASTLE IN/SH SH were worth $5,375,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new position in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in shares of CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $42,000. Quadrant Capital Group LLC raised its holdings in shares of CROWN CASTLE IN/SH SH by 22.1% in the 4th quarter. Quadrant Capital Group LLC now owns 756 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 137 shares in the last quarter. First Personal Financial Services raised its holdings in shares of CROWN CASTLE IN/SH SH by 33.4% in the 4th quarter. First Personal Financial Services now owns 667 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 167 shares in the last quarter. Finally, Nvwm LLC raised its holdings in shares of CROWN CASTLE IN/SH SH by 182.0% in the 4th quarter. Nvwm LLC now owns 705 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

CCI has been the subject of a number of recent research reports. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. ValuEngine raised CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Barclays raised their price target on CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, October 19th. Zacks Investment Research raised CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Goldman Sachs Group cut CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Monday, January 14th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $118.20.

CCI traded down $0.16 during mid-day trading on Monday, reaching $118.21. The stock had a trading volume of 27,768 shares, compared to its average volume of 1,999,453. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.36 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.96 and a current ratio of 0.87. CROWN CASTLE IN/SH SH has a 52 week low of $98.85 and a 52 week high of $119.43.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The firm’s revenue was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current year.

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CROWN CASTLE IN/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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.

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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