MUFG Americas Holdings Corp lifted its stake in shares of Crown Castle International Corp. (NYSE:CCI) by 51.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,893 shares of the real estate investment trust’s stock after buying an additional 1,655 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Crown Castle International were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CCI. Alliancebernstein L.P. grew its position in shares of Crown Castle International by 22.7% during the fourth quarter. Alliancebernstein L.P. now owns 7,247,868 shares of the real estate investment trust’s stock worth $804,586,000 after buying an additional 1,338,562 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Crown Castle International by 296.6% during the fourth quarter. Eagle Asset Management Inc. now owns 1,296,485 shares of the real estate investment trust’s stock worth $141,938,000 after buying an additional 969,591 shares in the last quarter. Magellan Asset Management Ltd grew its position in shares of Crown Castle International by 5.4% during the fourth quarter. Magellan Asset Management Ltd now owns 12,647,428 shares of the real estate investment trust’s stock worth $1,403,991,000 after buying an additional 653,226 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Crown Castle International by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 5,395,800 shares of the real estate investment trust’s stock worth $598,988,000 after buying an additional 481,800 shares in the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new position in shares of Crown Castle International during the fourth quarter worth about $45,218,000. 91.04% of the stock is owned by institutional investors and hedge funds.

Shares of Crown Castle International opened at $103.28 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $42.85 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.29. Crown Castle International Corp. has a 52-week low of $101.74 and a 52-week high of $103.13.

Crown Castle International (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.98). Crown Castle International had a net margin of 8.87% and a return on equity of 4.06%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. sell-side analysts predict that Crown Castle International Corp. will post 5.26 EPS for the current fiscal year.

In other Crown Castle International news, SVP Kenneth Jay Simon sold 693 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total value of $75,391.47. Following the completion of the sale, the senior vice president now owns 14,869 shares in the company, valued at $1,617,598.51. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jay A. Brown sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total value of $1,951,740.00. Following the completion of the sale, the insider now owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Crown Castle International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Goldman Sachs downgraded Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Crown Castle International in a research report on Friday, January 26th. ValuEngine raised Crown Castle International from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $120.00 price target on shares of Crown Castle International in a report on Monday, January 22nd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International presently has an average rating of “Buy” and a consensus target price of $114.75.

About Crown Castle International

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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 International (NYSE:CCI)

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