CROWN CASTLE IN/SH SH (CCI) Shares Sold by HL Financial Services LLC

HL Financial Services LLC reduced its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 10.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,165 shares of the real estate investment trust’s stock after selling 484 shares during the quarter. HL Financial Services LLC’s holdings in CROWN CASTLE IN/SH SH were worth $533,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CCI. Capital Investment Advisory Services LLC bought a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter valued at about $26,000. Covington Capital Management bought a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter valued at about $29,000. CX Institutional increased its position in shares of CROWN CASTLE IN/SH SH by 160.7% during the first quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 143 shares during the period. Athena Capital Advisors LLC bought a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter valued at about $33,000. Finally, Doyle Wealth Management bought a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter valued at about $33,000. 93.11% of the stock is currently owned by institutional investors.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were 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 in the company, valued at $4,618,828.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Landis Martin purchased 18,350 shares of CROWN CASTLE IN/SH SH stock in a transaction on Wednesday, April 24th. The shares were acquired at an average price of $123.13 per share, for a total transaction of $2,259,435.50. Following the completion of the transaction, the director now directly owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by company insiders.

CCI stock opened at $125.68 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.87 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $52.25 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.43 and a beta of 0.40. CROWN CASTLE IN/SH SH has a 1-year low of $99.99 and a 1-year high of $130.60.

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 Thomson Reuters’ consensus estimate of $1.37 by ($0.93). The company 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 return on equity of 6.31% and a net margin of 13.82%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts predict that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Co upped their price target on 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. Guggenheim cut 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. UBS Group cut 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. Bank of America upped their price objective on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Deutsche Bank cut 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. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $122.50.

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CROWN CASTLE IN/SH SH Profile

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.

See Also: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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