Duality Advisers LP Purchases Shares of 10,325 CROWN CASTLE IN/SH SH (NYSE:CCI)

Duality Advisers LP acquired a new stake in CROWN CASTLE IN/SH SH (NYSE:CCI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,325 shares of the real estate investment trust’s stock, valued at approximately $1,728,000.

Several other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in CROWN CASTLE IN/SH SH by 295.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,252,916 shares of the real estate investment trust’s stock worth $180,921,000 after purchasing an additional 936,212 shares in the last quarter. Prudential PLC acquired a new position in shares of CROWN CASTLE IN/SH SH in the 1st quarter worth approximately $84,619,000. APG Asset Management N.V. lifted its position in shares of CROWN CASTLE IN/SH SH by 678.9% during the 1st quarter. APG Asset Management N.V. now owns 559,864 shares of the real estate investment trust’s stock worth $80,844,000 after buying an additional 487,985 shares during the period. Deutsche Bank AG boosted its stake in CROWN CASTLE IN/SH SH by 6.7% in the 1st quarter. Deutsche Bank AG now owns 6,798,287 shares of the real estate investment trust’s stock valued at $981,675,000 after buying an additional 424,601 shares in the last quarter. Finally, Swiss National Bank grew its position in CROWN CASTLE IN/SH SH by 20.6% in the first quarter. Swiss National Bank now owns 2,065,771 shares of the real estate investment trust’s stock valued at $298,297,000 after acquiring an additional 352,700 shares during the period. 90.90% of the stock is owned by institutional investors.

Several brokerages have recently commented on CCI. Oppenheimer upgraded shares of CROWN CASTLE IN/SH SH from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research note on Friday, May 22nd. Deutsche Bank initiated coverage on shares of CROWN CASTLE IN/SH SH in a research report on Friday, June 5th. They issued a “hold” rating and a $180.00 price target on the stock. Wells Fargo & Co boosted their target price on CROWN CASTLE IN/SH SH from $185.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Barclays initiated coverage on CROWN CASTLE IN/SH SH in a research report on Wednesday, July 15th. They set an “overweight” rating and a $197.00 price target on the stock. Finally, UBS Group lifted their price objective on CROWN CASTLE IN/SH SH from $150.00 to $173.00 and gave the company a “neutral” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $169.58.

In related news, COO James D. Young sold 6,000 shares of CROWN CASTLE IN/SH SH stock in a transaction on Monday, June 8th. The stock was sold at an average price of $168.00, for a total transaction of $1,008,000.00. Following the completion of the sale, the chief operating officer now directly owns 198,679 shares of the company’s stock, valued at $33,378,072. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Joseph Kavanagh sold 5,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $153.86, for a total value of $769,300.00. Following the completion of the sale, the executive vice president now owns 47,767 shares of the company’s stock, valued at approximately $7,349,430.62. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock worth $2,125,480 in the last ninety days. Insiders own 0.47% of the company’s stock.

Shares of CCI opened at $166.70 on Friday. The business’s fifty day moving average price is $168.02 and its two-hundred day moving average price is $158.08. The firm has a market capitalization of $69.47 billion, a price-to-earnings ratio of 92.61, a PEG ratio of 1.37 and a beta of 0.35. CROWN CASTLE IN/SH SH has a 52 week low of $114.18 and a 52 week high of $180.00. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.47 and a current ratio of 1.75.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.09). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. CROWN CASTLE IN/SH SH had a net margin of 14.90% and a return on equity of 8.29%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. As a group, research analysts forecast that CROWN CASTLE IN/SH SH will post 5.81 EPS for the current year.

CROWN CASTLE IN/SH SH Company 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: Current Ratio

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

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