Crown Castle International Corporation (CCI) Holdings Trimmed by NTV Asset Management LLC

NTV Asset Management LLC reduced its holdings in shares of Crown Castle International Corporation (NYSE:CCI) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,266 shares of the real estate investment trust’s stock after selling 1,351 shares during the period. NTV Asset Management LLC’s holdings in Crown Castle International Corporation were worth $1,526,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Crown Castle International Corporation by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 149,445 shares of the real estate investment trust’s stock worth $14,115,000 after purchasing an additional 3,003 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Crown Castle International Corporation during the 1st quarter worth about $403,000. Winslow Evans & Crocker Inc. boosted its position in shares of Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares in the last quarter. Exane Derivatives bought a new position in shares of Crown Castle International Corporation during the 2nd quarter worth about $634,000. Finally, TNB Financial bought a new position in shares of Crown Castle International Corporation during the 2nd quarter worth about $211,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE:CCI) traded down $0.38 during mid-day trading on Tuesday, hitting $112.90. 2,060,000 shares of the stock traded hands, compared to its average volume of 2,398,822. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $114.97. The stock has a market cap of $46,022.84, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.65 and a beta of 0.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts anticipate that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.72%. This is a positive change from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s payout ratio is currently 316.67%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/11/14/crown-castle-international-corporation-cci-holdings-trimmed-by-ntv-asset-management-llc.html.

In related news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International Corporation stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $113.09, for a total value of $1,193,212.59. Following the completion of the transaction, the vice president now directly owns 91,808 shares in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on the stock. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Crown Castle International Corporation in a research report on Tuesday, October 31st. UBS AG cut shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $112.00 price target (up previously from $105.00) on shares of Crown Castle International Corporation in a research report on Saturday, September 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.04.

About Crown Castle International Corporation

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corporation (NYSE:CCI).

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

Receive News & Ratings for Crown Castle International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply