Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stake in CROWN CASTLE IN/SH SH (NYSE:CCI)

Share on StockTwits

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 456.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,707 shares of the real estate investment trust’s stock after acquiring an additional 1,400 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in CROWN CASTLE IN/SH SH were worth $237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCI. Little House Capital LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the third quarter valued at $1,012,000. Vestmark Advisory Solutions Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 20.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 18,760 shares of the real estate investment trust’s stock valued at $2,608,000 after buying an additional 3,220 shares during the last quarter. Motco boosted its position in shares of CROWN CASTLE IN/SH SH by 1.1% during the third quarter. Motco now owns 78,621 shares of the real estate investment trust’s stock valued at $10,929,000 after buying an additional 837 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 5.5% during the third quarter. Gilbert & Cook Inc. now owns 2,062 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 108 shares during the last quarter. Finally, Symons Capital Management Inc. purchased a new stake in shares of CROWN CASTLE IN/SH SH during the third quarter valued at $5,162,000. 91.54% of the stock is owned by institutional investors and hedge funds.

In other news, COO Robert Carl Ackerman sold 10,500 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $143.43, for a total transaction of $1,506,015.00. Following the transaction, the chief operating officer now directly owns 7,806 shares of the company’s stock, valued at approximately $1,119,614.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Sean Collins sold 1,000 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $143.34, for a total value of $143,340.00. Following the transaction, the vice president now directly owns 616 shares in the company, valued at $88,297.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

NYSE:CCI traded up $0.89 on Wednesday, hitting $131.55. The stock had a trading volume of 988,152 shares, compared to its average volume of 1,879,728. The stock has a market cap of $54.39 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.48 and a beta of 0.28. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.05. The business’s 50-day simple moving average is $137.91 and its two-hundred day simple moving average is $135.09. CROWN CASTLE IN/SH SH has a 52-week low of $103.21 and a 52-week high of $149.47.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. CROWN CASTLE IN/SH SH had a return on equity of 8.07% and a net margin of 16.12%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. As a group, equities research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $1.20 per share. This is a boost from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, December 12th. CROWN CASTLE IN/SH SH’s payout ratio is presently 82.12%.

Several research firms recently commented on CCI. UBS Group increased their price objective on CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Guggenheim set a $148.00 target price on CROWN CASTLE IN/SH SH and gave the stock a “hold” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. raised CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $125.00 to $150.00 in a research report on Thursday, August 1st. Morgan Stanley raised their target price on CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Finally, Bank of America reissued a “buy” rating and issued a $151.00 target price (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $135.58.

About CROWN CASTLE IN/SH SH

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.

Featured Story: Mutual Funds

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 IN/SH SH (NYSE:CCI).

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

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.