11,460 Shares in CROWN CASTLE IN/SH SH (CCI) Purchased by Penserra Capital Management LLC

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Penserra Capital Management LLC purchased a new position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,460 shares of the real estate investment trust’s stock, valued at approximately $1,244,000.

Several other hedge funds have also bought and sold shares of the business. Capital Investment Advisory Services LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter worth $26,000. Quantamental Technologies LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter worth $42,000. Enlightenment Research LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter worth $43,000. First Personal Financial Services increased its stake in shares of CROWN CASTLE IN/SH SH by 33.4% in the fourth quarter. First Personal Financial Services now owns 667 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 167 shares during the period. Finally, Nvwm LLC increased its stake in shares of CROWN CASTLE IN/SH SH by 182.0% in the fourth quarter. Nvwm LLC now owns 705 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 455 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

In other CROWN CASTLE IN/SH SH news, Director Edward C. Hutcheson, Jr. bought 350 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was acquired at an average price of $117.95 per share, with a total value of $41,282.50. Following the transaction, the director now owns 59,187 shares in the company, valued at $6,981,106.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

CCI has been the topic of several recent analyst reports. TheStreet upgraded shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. ValuEngine upgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Moffett Nathanson cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 price target on the stock. in a report on Monday, December 3rd. Wells Fargo & Co boosted their target price on shares of CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Finally, Macquarie cut shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $118.20.

Shares of NYSE:CCI opened at $120.13 on Monday. CROWN CASTLE IN/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $120.20. The company has a quick ratio of 0.96, a current ratio of 0.87 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $49.84 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.37 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 for the quarter, hitting the Zacks’ consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Sell-side analysts forecast that CROWN CASTLE IN/SH SH will post 5.6 earnings per share for the current year.

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CROWN CASTLE IN/SH SH Company Profile

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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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 IN/SH SH (NYSE:CCI).

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

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