CROWN CASTLE IN/SH SH (CCI) Shares Bought by Motley Fool Asset Management LLC

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Motley Fool Asset Management LLC grew its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 20.8% during the first quarter, HoldingsChannel.com reports. The fund owned 6,679 shares of the real estate investment trust’s stock after purchasing an additional 1,148 shares during the period. Motley Fool Asset Management LLC’s holdings in CROWN CASTLE IN/SH SH were worth $855,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lenox Wealth Management Inc. grew its stake in shares of CROWN CASTLE IN/SH SH by 2,222.2% in the 1st quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 200 shares during the last quarter. CX Institutional grew its stake in shares of CROWN CASTLE IN/SH SH by 160.7% in the 1st quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 143 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $26,000. Truewealth LLC grew its stake in shares of CROWN CASTLE IN/SH SH by 48.0% in the 1st quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 83 shares during the last quarter. Finally, Covington Capital Management purchased a new stake in shares of CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Several research firms recently issued reports on CCI. Morgan Stanley upped their price objective on CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Bank of America upped their price objective on CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Macquarie cut CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Deutsche Bank cut CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Finally, Guggenheim cut CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CROWN CASTLE IN/SH SH currently has an average rating of “Hold” and a consensus price target of $122.50.

CCI stock opened at $127.20 on Friday. The company has a market capitalization of $52.88 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40. CROWN CASTLE IN/SH SH has a 12-month low of $99.99 and a 12-month high of $130.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.91.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released 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). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. As a group, analysts forecast that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current year.

In other news, SVP Michael Joseph Kavanagh sold 2,500 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Landis Martin purchased 18,350 shares of the stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average cost of $123.13 per share, for a total transaction of $2,259,435.50. Following the completion of the acquisition, the director now directly owns 120,717 shares in the company, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

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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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