Quantitative Systematic Strategies LLC Raises Stock Holdings in CROWN CASTLE IN/SH SH (NYSE:CCI)

Quantitative Systematic Strategies LLC grew its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,707 shares of the real estate investment trust’s stock after acquiring an additional 3,247 shares during the quarter. CROWN CASTLE IN/SH SH comprises approximately 0.9% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 21st biggest holding. Quantitative Systematic Strategies LLC’s holdings in CROWN CASTLE IN/SH SH were worth $4,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Lenox Wealth Management Inc. increased its stake in CROWN CASTLE IN/SH SH by 2,222.2% in the first quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. CX Institutional increased its stake in CROWN CASTLE IN/SH SH by 160.7% in the first quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. Hanson McClain Inc. increased its stake in CROWN CASTLE IN/SH SH by 75.2% in the second quarter. Hanson McClain Inc. now owns 247 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 106 shares during the last quarter. Truewealth LLC increased its stake in CROWN CASTLE IN/SH SH by 48.0% in the first quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 83 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in CROWN CASTLE IN/SH SH in the second quarter valued at $33,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Shares of CCI stock traded down $1.99 during trading hours on Monday, reaching $133.24. The company had a trading volume of 80,678 shares, compared to its average volume of 2,068,967. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.99. CROWN CASTLE IN/SH SH has a twelve month low of $103.21 and a twelve month high of $137.85. The stock has a market capitalization of $56.22 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.55 and a beta of 0.33. The company’s fifty day simple moving average is $132.32.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $0.36 EPS. CROWN CASTLE IN/SH SH’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current year.

In other news, VP Robert Sean Collins sold 1,200 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the sale, the vice president now owns 1,616 shares in the company, valued at $202,307.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Landis Martin bought 16,300 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $127.33 per share, with a total value of $2,075,479.00. Following the purchase, the director now owns 130,617 shares of the company’s stock, valued at approximately $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

Several equities analysts recently commented on CCI shares. New Street Research lowered CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research note on Thursday, June 13th. Wells Fargo & Co upped their price target on CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Guggenheim lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research note on Friday, April 12th. They noted that the move was a valuation call. UBS Group lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a research note on Thursday, April 11th. Finally, Morgan Stanley upped their price target on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $126.70.

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.

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

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