Buffington Mohr McNeal Trims Position in CROWN CASTLE In/SH SH (CCI)

Buffington Mohr McNeal lessened its stake in CROWN CASTLE In/SH SH (NYSE:CCI) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 47,300 shares of the real estate investment trust’s stock after selling 1,430 shares during the period. CROWN CASTLE In/SH SH comprises about 1.9% of Buffington Mohr McNeal’s holdings, making the stock its 16th biggest position. Buffington Mohr McNeal’s holdings in CROWN CASTLE In/SH SH were worth $5,100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kaizen Advisory LLC lifted its stake in CROWN CASTLE In/SH SH by 142.5% during the second quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 553 shares during the period. Signaturefd LLC bought a new position in CROWN CASTLE In/SH SH during the first quarter worth about $134,000. McKinley Carter Wealth Services Inc. bought a new position in CROWN CASTLE In/SH SH during the first quarter worth about $137,000. TLP Group LLC bought a new position in CROWN CASTLE In/SH SH during the first quarter worth about $200,000. Finally, Cullen Frost Bankers Inc. bought a new position in CROWN CASTLE In/SH SH during the second quarter worth about $201,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Shares of CROWN CASTLE In/SH SH traded up $0.55, reaching $109.61, during trading on Monday, MarketBeat Ratings reports. The stock had a trading volume of 137,556 shares, compared to its average volume of 2,119,960. CROWN CASTLE In/SH SH has a 52 week low of $98.85 and a 52 week high of $114.97. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $45.24 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.65 and a beta of 0.32.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.91). CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue was up 28.1% on a year-over-year basis. analysts forecast that CROWN CASTLE In/SH SH will post 5.24 EPS for the current fiscal year.

CCI has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, May 31st. Cowen restated a “buy” rating and set a $121.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Guggenheim restated a “buy” rating and set a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Thursday, July 19th. Finally, ValuEngine upgraded shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CROWN CASTLE In/SH SH presently has an average rating of “Buy” and a consensus target price of $115.92.

CROWN CASTLE In/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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.

Further Reading: Growth Stocks

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

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