Element Pointe Advisors LLC Acquires 140 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

Element Pointe Advisors LLC lifted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,597 shares of the real estate investment trust’s stock after purchasing an additional 140 shares during the period. Element Pointe Advisors LLC’s holdings in CROWN CASTLE IN/SH SH were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCI. Lenox Wealth Management Inc. lifted its position in CROWN CASTLE IN/SH SH by 2,222.2% during the 1st quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 200 shares during the period. CX Institutional boosted its holdings in CROWN CASTLE IN/SH SH by 160.7% in the 1st quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 143 shares during the period. Hanson McClain Inc. boosted its holdings in CROWN CASTLE IN/SH SH by 75.2% in the 2nd quarter. Hanson McClain Inc. now owns 247 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 106 shares during the period. Truewealth LLC boosted its holdings in CROWN CASTLE IN/SH SH by 48.0% in the 1st quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 83 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new stake in CROWN CASTLE IN/SH SH in the 2nd quarter valued at $33,000. Institutional investors own 92.06% of the company’s stock.

In related news, VP Robert Sean Collins sold 1,200 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the completion of the transaction, the vice president now directly owns 1,616 shares of the company’s stock, valued at approximately $202,307.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Landis Martin purchased 16,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the acquisition, the director now directly owns 130,617 shares in the company, valued at $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on CCI. Morgan Stanley increased their price target on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the company an “overweight” rating in a report on Monday, May 20th. New Street Research downgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a report on Thursday, June 13th. Guggenheim downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a report on Friday, April 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and increased their price target for the company from $125.00 to $150.00 in a report on Thursday. Finally, UBS Group downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $126.70.

Shares of NYSE:CCI traded down $0.65 during midday trading on Monday, reaching $134.58. 14,289 shares of the company’s stock were exchanged, compared to its average volume of 2,068,967. The business has a 50 day moving average price of $132.32. The stock has a market cap of $56.22 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.55 and a beta of 0.33. CROWN CASTLE IN/SH SH has a 12 month low of $103.21 and a 12 month high of $137.85. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.76 and a quick ratio of 0.76.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.85). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. CROWN CASTLE IN/SH SH’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current year.

CROWN CASTLE IN/SH SH Company 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.

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

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