CROWN CASTLE IN/SH SH (CCI) Shares Bought by Strategic Investment Advisors MI

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Strategic Investment Advisors MI lifted its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,518 shares of the real estate investment trust’s stock after purchasing an additional 84 shares during the quarter. Strategic Investment Advisors MI’s holdings in CROWN CASTLE IN/SH SH were worth $450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its position in CROWN CASTLE IN/SH SH by 10,630.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,899,104 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 4,853,447 shares during the period. Vanguard Group Inc lifted its position in CROWN CASTLE IN/SH SH by 7.6% during the 3rd quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after acquiring an additional 3,771,236 shares during the period. Norges Bank acquired a new stake in CROWN CASTLE IN/SH SH during the 4th quarter worth approximately $347,360,000. Jennison Associates LLC lifted its position in CROWN CASTLE IN/SH SH by 110.6% during the 4th quarter. Jennison Associates LLC now owns 4,571,756 shares of the real estate investment trust’s stock worth $496,630,000 after acquiring an additional 2,400,421 shares during the period. Finally, California Public Employees Retirement System lifted its position in CROWN CASTLE IN/SH SH by 42.8% during the 4th quarter. California Public Employees Retirement System now owns 2,071,955 shares of the real estate investment trust’s stock worth $225,076,000 after acquiring an additional 621,262 shares during the period. 93.25% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Edward C. Hutcheson, Jr. bought 350 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the completion of the acquisition, the director now owns 59,187 shares of the company’s stock, valued at $6,981,106.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Landis Martin bought 18,350 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of $123.13 per share, for a total transaction of $2,259,435.50. Following the acquisition, the director now directly owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on CCI. UBS Group downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 target price for the company. in a research note on Thursday, April 11th. Wells Fargo & Co raised their price objective on CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Guggenheim downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research note on Friday, April 12th. They noted that the move was a valuation call. Bank of America increased their target price on CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Deutsche Bank cut CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a report on Monday, March 18th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and a consensus price target of $122.50.

NYSE:CCI traded up $0.67 during trading hours on Friday, reaching $124.70. 4,397 shares of the company traded hands, compared to its average volume of 1,920,636. The stock has a market cap of $51.64 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.87 and a current ratio of 0.76. CROWN CASTLE IN/SH SH has a 1-year low of $99.99 and a 1-year high of $130.60.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $0.21 EPS. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities research analysts predict that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current fiscal year.

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About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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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