Bronfman E.L. Rothschild L.P. Sells 1,944 Shares of Crown Castle International Corp. (CCI)

Bronfman E.L. Rothschild L.P. lowered its position in shares of Crown Castle International Corp. (NYSE:CCI) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,863 shares of the real estate investment trust’s stock after selling 1,944 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Crown Castle International were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Prudential Financial Inc. increased its holdings in shares of Crown Castle International by 2.0% during the third quarter. Prudential Financial Inc. now owns 553,315 shares of the real estate investment trust’s stock valued at $55,320,000 after acquiring an additional 10,790 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of Crown Castle International by 5.9% during the fourth quarter. DnB Asset Management AS now owns 41,248 shares of the real estate investment trust’s stock valued at $4,579,000 after acquiring an additional 2,300 shares in the last quarter. Union Bankshares Corp increased its holdings in shares of Crown Castle International by 10.4% during the fourth quarter. Union Bankshares Corp now owns 37,793 shares of the real estate investment trust’s stock valued at $4,196,000 after acquiring an additional 3,574 shares in the last quarter. Grassi Investment Management increased its holdings in shares of Crown Castle International by 11.0% during the fourth quarter. Grassi Investment Management now owns 7,803 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 776 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of Crown Castle International by 9.5% during the fourth quarter. Appleton Partners Inc. MA now owns 13,990 shares of the real estate investment trust’s stock valued at $1,553,000 after acquiring an additional 1,209 shares in the last quarter. 92.89% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have recently weighed in on CCI shares. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Crown Castle International in a report on Friday, January 26th. Deutsche Bank restated a “buy” rating and set a $120.00 price target on shares of Crown Castle International in a report on Monday, January 22nd. Zacks Investment Research upgraded Crown Castle International from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, March 27th. Goldman Sachs downgraded Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Finally, ValuEngine upgraded Crown Castle International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $114.75.

In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the completion of the sale, the insider now directly owns 162,526 shares in the company, valued at approximately $17,622,694.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kenneth Jay Simon sold 693 shares of the business’s 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 sale, the senior vice president now owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

NYSE CCI opened at $103.31 on Friday. Crown Castle International Corp. has a one year low of $93.14 and a one year high of $114.97. The stock has a market capitalization of $41,329.56, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.25 and a beta of 0.29. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.22.

Crown Castle International (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 18th. The real estate investment trust reported $0.21 EPS for the quarter, missing the 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. Crown Castle International’s quarterly revenue was up 27.9% compared to the same quarter last year. sell-side analysts expect that Crown Castle International Corp. will post 5.26 EPS for the current year.

Crown Castle International Profile

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.

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

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