Apertura Capital LLC Purchases New Position in Crown Castle International Corporation (CCI)

Apertura Capital LLC purchased a new stake in Crown Castle International Corporation (NYSE:CCI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 170,000 shares of the real estate investment trust’s stock, valued at approximately $16,997,000. Crown Castle International Corporation comprises approximately 3.2% of Apertura Capital LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Legacy Advisors LLC acquired a new stake in Crown Castle International Corporation in the third quarter valued at $100,000. Winslow Evans & Crocker Inc. lifted its stake 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 buying an additional 278 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 53 shares during the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of Crown Castle International Corporation during the 3rd quarter worth about $124,000. Finally, Crow Point Partners LLC acquired a new stake in shares of Crown Castle International Corporation during the 3rd quarter worth about $151,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by company insiders.

A number of research firms have recently issued reports on CCI. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Deutsche Bank AG raised their target price on shares of Crown Castle International Corporation from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, October 16th. UBS AG cut shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Finally, Cowen and Company restated an “outperform” rating and set a $112.00 target price (up previously from $105.00) on shares of Crown Castle International Corporation in a research note on Saturday, September 23rd. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International Corporation has a consensus rating of “Buy” and a consensus target price of $110.29.

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Crown Castle International Corporation (NYSE CCI) traded down $1.43 during trading hours on Friday, reaching $111.12. 2,923,900 shares of the company were exchanged, compared to its average volume of 2,393,407. Crown Castle International Corporation has a 1-year low of $80.82 and a 1-year high of $114.97. The company has a market capitalization of $45,150.00, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.20. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.05 dividend. This is a positive change from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

Crown Castle International Corporation Company Profile

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).

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

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