Cibc Bank USA boosted its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,155 shares of the real estate investment trust’s stock after purchasing an additional 478 shares during the quarter. Cibc Bank USA’s holdings in Crown Castle International were worth $905,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Advisors LLC bought a new stake in Crown Castle International in the 3rd quarter valued at $100,000. Benjamin F. Edwards & Company Inc. boosted its stake in Crown Castle International by 1,463.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,083 shares during the period. Spectrum Management Group Inc. bought a new stake in Crown Castle International in the 3rd quarter valued at $124,000. Fieldpoint Private Securities LLC bought a new stake in Crown Castle International in the 3rd quarter valued at $137,000. Finally, Knights of Columbus Asset Advisors LLC bought a new stake in Crown Castle International in the 3rd quarter valued at $140,000. Institutional investors and hedge funds own 94.82% of the company’s stock.
Crown Castle International Corp. (CCI) traded up $1.24 during trading on Friday, hitting $107.35. The stock had a trading volume of 2,868,061 shares, compared to its average volume of 2,537,331. 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 Corp. has a 12 month low of $86.09 and a 12 month high of $114.97. The firm has a market cap of $43,110.00, a PE ratio of 89.46, a P/E/G ratio of 1.30 and a beta of 0.23.
In other news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction on 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 transaction, the vice president now 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 Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.
CCI has been the subject of a number of recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. UBS Group downgraded Crown Castle International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Cowen reiterated an “outperform” rating and set a $112.00 target price (up from $105.00) on shares of Crown Castle International in a research report on Saturday, September 23rd. CIBC reiterated a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Crown Castle International in a research report on Tuesday, October 31st. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $112.17.
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Crown Castle International 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).
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