AE Wealth Management LLC Sells 1,685 Shares of Crown Castle International Corporation (CCI)

AE Wealth Management LLC lowered its position in shares of Crown Castle International Corporation (NYSE:CCI) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,559 shares of the real estate investment trust’s stock after selling 1,685 shares during the quarter. AE Wealth Management LLC’s holdings in Crown Castle International Corporation were worth $856,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Advisors LLC bought a new position in shares of Crown Castle International Corporation during the third quarter valued at $100,000. Capital Analysts LLC increased its holdings in shares of Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares in the last quarter. Spectrum Management Group Inc. bought a new position in shares of Crown Castle International Corporation during the third quarter valued at $124,000. Crow Point Partners LLC bought a new position in shares of Crown Castle International Corporation during the third quarter valued at $151,000. Finally, Bessemer Group Inc. increased its holdings in shares of Crown Castle International Corporation by 295.9% during the third quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 1,151 shares in the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

Crown Castle International Corporation (NYSE:CCI) traded up $0.46 during midday trading on Tuesday, reaching $110.48. The company had a trading volume of 1,321,500 shares, compared to its average volume of 2,389,780. Crown Castle International Corporation has a 52 week low of $80.82 and a 52 week high of $114.97. The company has a market cap of $44,890.00, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick 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 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.07). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. Crown Castle International Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. equities research analysts anticipate that Crown Castle International Corporation will post 4.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s payout ratio is currently 316.67%.

ILLEGAL ACTIVITY NOTICE: “AE Wealth Management LLC Sells 1,685 Shares of Crown Castle International Corporation (CCI)” was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://transcriptdaily.com/2017/11/21/ae-wealth-management-llc-sells-1685-shares-of-crown-castle-international-corporation-cci.html.

Several equities analysts have recently weighed in on CCI shares. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Citigroup Inc. raised their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Finally, Bank of America Corporation raised their price target on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $110.29.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

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).

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.

Leave a Reply