CAPROCK Group Inc. lowered its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 46.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,569 shares of the real estate investment trust’s stock after selling 4,820 shares during the period. CAPROCK Group Inc.’s holdings in Crown Castle International were worth $577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Crown Castle International by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,389,169 shares of the real estate investment trust’s stock valued at $154,212,000 after buying an additional 51,798 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Crown Castle International by 1,463.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 1,083 shares during the last quarter. Creative Planning raised its holdings in shares of Crown Castle International by 14.4% during the fourth quarter. Creative Planning now owns 10,469 shares of the real estate investment trust’s stock valued at $1,162,000 after buying an additional 1,315 shares during the last quarter. National Pension Service raised its holdings in shares of Crown Castle International by 15.0% during the fourth quarter. National Pension Service now owns 373,071 shares of the real estate investment trust’s stock valued at $41,415,000 after buying an additional 48,572 shares during the last quarter. Finally, Solaris Asset Management LLC raised its holdings in shares of Crown Castle International by 25.9% during the fourth quarter. Solaris Asset Management LLC now owns 2,462 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 507 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corp. (NYSE:CCI) opened at $106.03 on Thursday. Crown Castle International Corp. has a twelve month low of $85.67 and a twelve month high of $114.97. The company has a market capitalization of $42,788.89, a P/E ratio of 88.36, a P/E/G ratio of 1.29 and a beta of 0.23. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.07). Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.09 EPS. Crown Castle International’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts expect that Crown Castle International Corp. will post 4.42 EPS for the current year.

CCI has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on Crown Castle International from $106.00 to $114.00 in a report on Monday, November 27th. Deutsche Bank lifted their price target on Crown Castle International from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 17th. Macquarie reaffirmed a “buy” rating and set a $119.00 price target on shares of Crown Castle International in a report on Sunday, October 22nd. Barclays lifted their price target on Crown Castle International from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, Zacks Investment Research cut Crown Castle International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 25th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $112.17.

In related news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

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Crown Castle International Company 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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Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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