Duality Advisers LP Purchases New Shares in CROWN CASTLE IN/SH SH (NYSE:CCI)

Duality Advisers LP purchased a new position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,325 shares of the real estate investment trust’s stock, valued at approximately $1,728,000.

A number of other institutional investors have also modified their holdings of CCI. Pictet Asset Management Ltd. raised its position in shares of CROWN CASTLE IN/SH SH by 5.1% in the first quarter. Pictet Asset Management Ltd. now owns 712,999 shares of the real estate investment trust’s stock valued at $102,958,000 after buying an additional 34,814 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of CROWN CASTLE IN/SH SH by 11.6% during the 1st quarter. Peapack Gladstone Financial Corp now owns 16,712 shares of the real estate investment trust’s stock valued at $2,413,000 after acquiring an additional 1,731 shares during the period. Heritage Wealth Advisors grew its holdings in shares of CROWN CASTLE IN/SH SH by 168.5% during the 2nd quarter. Heritage Wealth Advisors now owns 1,380 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 866 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of CROWN CASTLE IN/SH SH by 388.5% in the second quarter. Kistler Tiffany Companies LLC now owns 254 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 202 shares during the period. Finally, Diversified Trust Co raised its stake in CROWN CASTLE IN/SH SH by 26.1% in the second quarter. Diversified Trust Co now owns 21,838 shares of the real estate investment trust’s stock valued at $3,655,000 after purchasing an additional 4,519 shares in the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.

Several research firms have commented on CCI. Barclays started coverage on shares of CROWN CASTLE IN/SH SH in a report on Wednesday, July 15th. They issued an “overweight” rating and a $197.00 target price on the stock. Wells Fargo & Co boosted their price objective on shares of CROWN CASTLE IN/SH SH from $185.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Oppenheimer upgraded CROWN CASTLE IN/SH SH from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Friday, May 22nd. UBS Group lifted their price target on CROWN CASTLE IN/SH SH from $150.00 to $173.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Credit Suisse Group started coverage on CROWN CASTLE IN/SH SH in a research report on Tuesday, April 28th. They set a “neutral” rating and a $149.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH currently has an average rating of “Buy” and an average target price of $169.58.

In other news, VP Robert Sean Collins sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $174.09, for a total value of $348,180.00. Following the transaction, the vice president now owns 5,634 shares of the company’s stock, valued at $980,823.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Joseph Kavanagh sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $153.86, for a total value of $769,300.00. Following the completion of the transaction, the executive vice president now directly owns 47,767 shares in the company, valued at approximately $7,349,430.62. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock worth $2,125,480 over the last three months. Insiders own 0.47% of the company’s stock.

CROWN CASTLE IN/SH SH stock opened at $166.70 on Friday. CROWN CASTLE IN/SH SH has a fifty-two week low of $114.18 and a fifty-two week high of $180.00. The stock’s 50 day simple moving average is $168.02 and its two-hundred day simple moving average is $158.08. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.47 and a current ratio of 1.75. The stock has a market cap of $69.47 billion, a price-to-earnings ratio of 92.61, a PEG ratio of 1.37 and a beta of 0.35.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.09). CROWN CASTLE IN/SH SH had a return on equity of 8.29% and a net margin of 14.90%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm earned $1.44 EPS. CROWN CASTLE IN/SH SH’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts predict that CROWN CASTLE IN/SH SH will post 5.81 earnings per share 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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