Unigestion Holding SA Acquires 40,300 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

Unigestion Holding SA increased its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 1,119.4% during the third quarter, HoldingsChannel reports. The firm owned 43,900 shares of the real estate investment trust’s stock after buying an additional 40,300 shares during the period. Unigestion Holding SA’s holdings in CROWN CASTLE IN/SH SH were worth $6,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. DNB Asset Management AS increased its position in CROWN CASTLE IN/SH SH by 19.6% during the second quarter. DNB Asset Management AS now owns 78,322 shares of the real estate investment trust’s stock valued at $10,209,000 after acquiring an additional 12,824 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in CROWN CASTLE IN/SH SH by 25.0% in the second quarter. Jacobs Levy Equity Management Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $1,245,000 after buying an additional 1,910 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in CROWN CASTLE IN/SH SH by 86.2% in the second quarter. Glen Harbor Capital Management LLC now owns 21,098 shares of the real estate investment trust’s stock worth $2,750,000 after buying an additional 9,768 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in CROWN CASTLE IN/SH SH by 46.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 46,993 shares of the real estate investment trust’s stock worth $6,099,000 after buying an additional 14,893 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in CROWN CASTLE IN/SH SH by 87.9% in the second quarter. Riverhead Capital Management LLC now owns 15,726 shares of the real estate investment trust’s stock worth $2,050,000 after buying an additional 7,355 shares in the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Robert Carl Ackerman sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $143.43, for a total value of $1,506,015.00. Following the completion of the sale, the chief operating officer now directly owns 7,806 shares of the company’s stock, valued at approximately $1,119,614.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $143.34, for a total value of $143,340.00. Following the completion of the sale, the vice president now directly owns 616 shares of the company’s stock, valued at $88,297.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

CCI has been the subject of a number of research reports. Guggenheim set a $148.00 price target on CROWN CASTLE IN/SH SH and gave the company a “hold” rating in a research note on Thursday, September 12th. SunTrust Banks increased their price target on CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group increased their price target on CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Bank of America reissued a “buy” rating and set a $151.00 price target (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and increased their price target for the company from $125.00 to $150.00 in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $135.58.

CROWN CASTLE IN/SH SH stock traded down $1.10 during midday trading on Friday, reaching $130.81. 2,231,595 shares of the stock traded hands, compared to its average volume of 1,876,144. The stock has a market cap of $54.74 billion, a P/E ratio of 23.87, a PEG ratio of 1.49 and a beta of 0.28. CROWN CASTLE IN/SH SH has a 12 month low of $103.21 and a 12 month high of $149.47. The stock’s fifty day moving average is $138.49 and its 200-day moving average is $134.97. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 2.05.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. CROWN CASTLE IN/SH SH had a return on equity of 8.07% and a net margin of 16.12%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. On average, equities analysts predict that CROWN CASTLE IN/SH SH will post 5.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.67%. This is a positive change from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, December 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

CROWN CASTLE IN/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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: Insider Trading – What You Need to Know

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

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