CROWN CASTLE IN/SH SH (CCI) Stake Lessened by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd trimmed its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 5.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 688,483 shares of the real estate investment trust’s stock after selling 36,750 shares during the quarter. CROWN CASTLE IN/SH SH makes up 7.2% of Maple Brown Abbott Ltd’s holdings, making the stock its 5th biggest holding. Maple Brown Abbott Ltd’s holdings in CROWN CASTLE IN/SH SH were worth $86,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCI. Oregon Public Employees Retirement Fund raised its position in shares of 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 valued at $45,000 after buying an additional 4,853,447 shares in the last quarter. Vanguard Group Inc raised its position in shares of 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 valued at $5,922,410,000 after buying an additional 3,771,236 shares in the last quarter. Norges Bank purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 4th quarter valued at about $347,360,000. Jennison Associates LLC raised its position in shares of 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 valued at $496,630,000 after buying an additional 2,400,421 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of 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 valued at $225,076,000 after buying an additional 621,262 shares in the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

CROWN CASTLE IN/SH SH stock traded up $0.30 during midday trading on Wednesday, reaching $127.19. The stock had a trading volume of 21,732 shares, compared to its average volume of 1,638,293. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.76. CROWN CASTLE IN/SH SH has a 52-week low of $99.99 and a 52-week high of $130.60. The firm has a market capitalization of $52.81 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.40.

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 for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.93). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.39 billion. CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Wells Fargo & Co upped their target price on shares of CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. TheStreet raised shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. UBS Group lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research report on Thursday, April 11th. Deutsche Bank lowered shares of 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 lowered shares of 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $122.50.

In related news, Director J Landis Martin bought 18,350 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average cost of $123.13 per share, for a total transaction of $2,259,435.50. Following the purchase, the director now directly owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the completion of the transaction, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The disclosure for this sale 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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