CROWN CASTLE IN/SH SH (CCI) Holdings Decreased by Bp Plc

Bp Plc lessened its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,000 shares of the real estate investment trust’s stock after selling 8,000 shares during the quarter. Bp Plc’s holdings in CROWN CASTLE IN/SH SH were worth $4,889,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CCI. Oregon Public Employees Retirement Fund lifted its stake 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 worth $45,000 after purchasing an additional 4,853,447 shares during the period. Vanguard Group Inc lifted its stake 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 worth $5,922,410,000 after purchasing an additional 3,771,236 shares during the period. Vanguard Group Inc. lifted its stake 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 worth $5,922,410,000 after purchasing an additional 3,771,236 shares during the period. Jennison Associates LLC lifted its stake in shares of CROWN CASTLE IN/SH SH by 372.5% during the 3rd quarter. Jennison Associates LLC now owns 2,171,335 shares of the real estate investment trust’s stock worth $241,735,000 after purchasing an additional 1,711,765 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CROWN CASTLE IN/SH SH by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,983,955 shares of the real estate investment trust’s stock worth $666,172,000 after purchasing an additional 584,509 shares during the period. 94.73% of the stock is currently owned by institutional investors.

In other news, Director Edward C. Hutcheson, Jr. bought 350 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average cost of $117.95 per share, with a total value of $41,282.50. Following the transaction, the director now owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

A number of research analysts have weighed in on the company. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research note on Wednesday, January 23rd. ValuEngine raised CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Barclays increased their price target on CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday, October 19th. Moffett Nathanson lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 price target on the stock. in a research note on Monday, December 3rd. Finally, Wells Fargo & Co increased their price target on CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CROWN CASTLE IN/SH SH currently has a consensus rating of “Hold” and a consensus price target of $118.20.

Shares of CCI opened at $118.44 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.96 and a current ratio of 0.87. The firm has a market capitalization of $48.86 billion, a P/E ratio of 21.61, a PEG ratio of 1.36 and a beta of 0.44. CROWN CASTLE IN/SH SH has a twelve month low of $98.85 and a twelve month high of $119.43.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current year.

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CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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