Gofen & Glossberg LLC IL Has $342,000 Stock Holdings in CROWN CASTLE IN/SH SH (NYSE:CCI)

Gofen & Glossberg LLC IL lessened its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,463 shares of the real estate investment trust’s stock after selling 95 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in CROWN CASTLE IN/SH SH were worth $342,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CX Institutional boosted its position in shares of CROWN CASTLE IN/SH SH by 34.3% in the third quarter. CX Institutional now owns 317 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 81 shares during the period. Lindbrook Capital LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 11.4% in the second quarter. Lindbrook Capital LLC now owns 821 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 84 shares during the period. Sunbelt Securities Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 4.7% in the second quarter. Sunbelt Securities Inc. now owns 1,972 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 88 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 4.6% in the second quarter. Cornerstone Advisors Inc. now owns 2,045 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 89 shares during the period. Finally, Shine Investment Advisory Services Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 8.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,183 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 95 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.

In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $143.34, for a total transaction of $143,340.00. Following the transaction, the vice president now directly owns 616 shares in the company, valued at $88,297.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director J Landis Martin bought 16,300 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were bought at an average price of $127.33 per share, for a total transaction of $2,075,479.00. Following the completion of the acquisition, the director now owns 130,617 shares of the company’s stock, valued at $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is owned by company insiders.

CCI opened at $136.68 on Friday. The stock has a market cap of $57.06 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.57 and a beta of 0.27. CROWN CASTLE IN/SH SH has a 1 year low of $103.21 and a 1 year high of $149.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average price of $141.63 and a 200 day moving average price of $133.42.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $1.125 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.50 annualized dividend and a yield of 3.29%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is currently 82.12%.

CCI has been the subject of a number of research reports. ValuEngine cut CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America reissued a “buy” rating and set a $151.00 price objective (up previously from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $125.00 to $150.00 in a research report on Thursday, August 1st. Citigroup reduced their price objective on CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, Guggenheim set a $148.00 price objective on CROWN CASTLE IN/SH SH and gave the company a “hold” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $131.83.

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.

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

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