Crown Castle International Corporation (CCI) Stake Cut by Connor Clark & Lunn Investment Management Ltd., Report finds

Crown Castle International Corporation (CCI) Stake Cut by Connor Clark & Lunn Investment Management Ltd., Report finds

Connor Clark & Lunn Investment Management Ltd. lowered its position in Crown Castle International Corporation (NYSE:CCI) by 67.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,388 shares of the real estate investment trust’s stock after selling 103,812 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Crown Castle International Corporation were worth $4,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. CENTRAL TRUST Co raised its position in shares of Crown Castle International Corporation by 5.2% in the third quarter. CENTRAL TRUST Co now owns 1,293 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 64 shares in the last quarter. TLP Group LLC purchased a new stake in Crown Castle International Corporation during the third quarter worth approximately $124,000. Solaris Asset Management LLC increased its stake in Crown Castle International Corporation by 1,600.0% in the third quarter. Solaris Asset Management LLC now owns 1,700 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 1,600 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in Crown Castle International Corporation by 48.8% in the second quarter. Mycio Wealth Partners LLC now owns 1,905 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 625 shares during the last quarter. Finally, Middleton & Co Inc MA purchased a new stake in Crown Castle International Corporation during the third quarter worth approximately $209,000. 90.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.27% during midday trading on Wednesday, reaching $87.66. The company’s stock had a trading volume of 1,116,509 shares. The stock has a 50-day moving average price of $86.86 and a 200 day moving average price of $90.04. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $102.82. The stock has a market capitalization of $30.87 billion, a PE ratio of 92.27 and a beta of 0.27.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.76. Crown Castle International Corporation had a net margin of 8.82% and a return on equity of 5.18%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $989.36 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts forecast that Crown Castle International Corporation will post $1.16 earnings per share for the current year.

A number of analysts have commented on CCI shares. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Deutsche Bank AG reiterated a “buy” rating and set a $106.00 target price on shares of Crown Castle International Corporation in a research report on Friday, November 4th. Macquarie started coverage on Crown Castle International Corporation in a research report on Tuesday, December 6th. They set an “outperform” rating and a $95.00 target price on the stock. Guggenheim started coverage on Crown Castle International Corporation in a research report on Thursday, December 15th. They set a “neutral” rating on the stock. Finally, BTIG Research reiterated a “neutral” rating and set a $91.50 target price on shares of Crown Castle International Corporation in a research report on Wednesday, December 21st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $101.77.

In related news, Director Anthony J. Melone acquired 2,500 shares of Crown Castle International Corporation stock in a transaction dated Monday, November 14th. The stock was acquired at an average cost of $81.84 per share, with a total value of $204,600.00. Following the purchase, the director now directly owns 5,405 shares in the company, valued at approximately $442,345.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ari Q. Fitzgerald sold 3,395 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $81.35, for a total value of $276,183.25. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 6,888 shares of company stock worth $555,061. 0.73% of the stock is owned by insiders.

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).

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Crown Castle International Corporation (CCI) Stake Cut by Connor Clark & Lunn Investment Management Ltd.

Crown Castle International Corporation (CCI) Stake Cut by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Crown Castle International Corporation (NYSE:CCI) by 67.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,388 shares of the real estate investment trust’s stock after selling 103,812 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Crown Castle International Corporation were worth $4,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. CENTRAL TRUST Co raised its position in shares of Crown Castle International Corporation by 5.2% in the third quarter. CENTRAL TRUST Co now owns 1,293 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 64 shares in the last quarter. TLP Group LLC purchased a new stake in Crown Castle International Corporation during the third quarter worth approximately $124,000. Solaris Asset Management LLC increased its stake in Crown Castle International Corporation by 1,600.0% in the third quarter. Solaris Asset Management LLC now owns 1,700 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 1,600 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in Crown Castle International Corporation by 48.8% in the second quarter. Mycio Wealth Partners LLC now owns 1,905 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 625 shares during the last quarter. Finally, Middleton & Co Inc MA purchased a new stake in Crown Castle International Corporation during the third quarter worth approximately $209,000. 90.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.27% during midday trading on Wednesday, reaching $87.66. The company’s stock had a trading volume of 1,116,509 shares. The stock has a 50-day moving average price of $86.86 and a 200 day moving average price of $90.04. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $102.82. The stock has a market capitalization of $30.87 billion, a PE ratio of 92.27 and a beta of 0.27.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.76. Crown Castle International Corporation had a net margin of 8.82% and a return on equity of 5.18%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $989.36 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts forecast that Crown Castle International Corporation will post $1.16 earnings per share for the current year.

A number of analysts have commented on CCI shares. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Deutsche Bank AG reiterated a “buy” rating and set a $106.00 target price on shares of Crown Castle International Corporation in a research report on Friday, November 4th. Macquarie started coverage on Crown Castle International Corporation in a research report on Tuesday, December 6th. They set an “outperform” rating and a $95.00 target price on the stock. Guggenheim started coverage on Crown Castle International Corporation in a research report on Thursday, December 15th. They set a “neutral” rating on the stock. Finally, BTIG Research reiterated a “neutral” rating and set a $91.50 target price on shares of Crown Castle International Corporation in a research report on Wednesday, December 21st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $101.77.

In related news, Director Anthony J. Melone acquired 2,500 shares of Crown Castle International Corporation stock in a transaction dated Monday, November 14th. The stock was acquired at an average cost of $81.84 per share, with a total value of $204,600.00. Following the purchase, the director now directly owns 5,405 shares in the company, valued at approximately $442,345.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ari Q. Fitzgerald sold 3,395 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $81.35, for a total value of $276,183.25. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 6,888 shares of company stock worth $555,061. 0.73% of the stock is owned by insiders.

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).

Related posts

Leave a Comment