DekaBank Deutsche Girozentrale Sells 194,575 Shares of Crown Castle International Corp. (CCI)

DekaBank Deutsche Girozentrale cut its holdings in Crown Castle International Corp. (NYSE:CCI) by 75.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,273 shares of the real estate investment trust’s stock after selling 194,575 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Crown Castle International were worth $7,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Counselors Inc. raised its holdings in shares of Crown Castle International by 4.8% in the fourth quarter. Financial Counselors Inc. now owns 80,326 shares of the real estate investment trust’s stock valued at $8,917,000 after purchasing an additional 3,697 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Crown Castle International by 4.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 28,797 shares of the real estate investment trust’s stock valued at $3,197,000 after purchasing an additional 1,206 shares during the last quarter. Virtus Fund Advisers LLC raised its holdings in shares of Crown Castle International by 116.0% in the fourth quarter. Virtus Fund Advisers LLC now owns 590,283 shares of the real estate investment trust’s stock valued at $65,527,000 after purchasing an additional 316,952 shares during the last quarter. Shell Asset Management Co. acquired a new position in Crown Castle International during the fourth quarter worth $6,467,000. Finally, UBS Asset Management Americas Inc. increased its holdings in Crown Castle International by 2.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,368,110 shares of the real estate investment trust’s stock worth $151,874,000 after buying an additional 27,784 shares during the last quarter. Institutional investors own 92.98% of the company’s stock.

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A number of equities analysts recently weighed in on CCI shares. Deutsche Bank restated a “buy” rating and set a $120.00 target price on shares of Crown Castle International in a report on Monday, January 22nd. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Goldman Sachs downgraded shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of Crown Castle International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Crown Castle International presently has an average rating of “Buy” and an average price target of $114.75.

In other news, 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 completion of the sale, the senior vice president now owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay A. Brown sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $17,622,694.18. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Crown Castle International opened at $104.92 on Friday, Marketbeat reports. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.27 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 0.88.

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 Thomson Reuters’ consensus estimate of $1.19 by ($0.98). Crown Castle International had a net margin of 8.87% and a return on equity of 4.06%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Crown Castle International’s revenue for the quarter was up 27.9% on a year-over-year basis. equities research analysts predict that Crown Castle International Corp. will post 5.26 EPS for the current year.

Crown Castle International Company 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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