Bp Plc Decreases Position in CROWN CASTLE IN/SH SH (CCI)

Bp Plc trimmed its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 15.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. Bp Plc’s holdings in CROWN CASTLE IN/SH SH were worth $4,889,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after purchasing an additional 3,771,236 shares in the last quarter. Vanguard Group Inc grew its stake in CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after purchasing an additional 3,771,236 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CROWN CASTLE IN/SH SH by 10.8% in the third quarter. Dimensional Fund Advisors LP now owns 5,983,955 shares of the real estate investment trust’s stock worth $666,172,000 after purchasing an additional 584,509 shares in the last quarter. Renaissance Technologies LLC grew its stake in CROWN CASTLE IN/SH SH by 2.2% in the third quarter. Renaissance Technologies LLC now owns 5,405,300 shares of the real estate investment trust’s stock worth $601,772,000 after purchasing an additional 115,597 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in CROWN CASTLE IN/SH SH by 10,630.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,899,104 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 4,853,447 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

A number of research firms recently commented on CCI. Zacks Investment Research downgraded CROWN CASTLE IN/SH SH from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Macquarie cut shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a report on Tuesday. ValuEngine cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. TheStreet raised shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Finally, Moffett Nathanson cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a report on Monday, December 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $118.20.

Shares of NYSE CCI opened at $118.44 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.96 and a debt-to-equity ratio of 1.38. CROWN CASTLE IN/SH SH has a 52-week low of $98.85 and a 52-week high of $119.43. The stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.36 and a beta of 0.44.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts anticipate that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current fiscal year.

In other CROWN CASTLE IN/SH SH news, Director Edward C. Hutcheson, Jr. purchased 350 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were bought at an average price of $117.95 per share, with a total value of $41,282.50. Following the completion of the acquisition, the director now owns 59,187 shares in the company, valued at approximately $6,981,106.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

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About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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.

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

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