Shinko Asset Management Ltd. buys $587,747,842 stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Shinko Asset Management Ltd. scooped up 767,380 additional shares in Crown Castle International Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 5,944,653 shares of Crown Castle International Corp which is valued at $587,747,842.Crown Castle International Corp makes up approximately 3.98% of Shinko Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue reduced its stake in CCI by selling 19,510 shares or 13.55% in the most recent quarter. The Hedge Fund company now holds 124,450 shares of CCI which is valued at $12,257,081. Crown Castle International Corp makes up approx 1.26% of State Of Alaska Department Of Revenue’s portfolio.Eagle Asset Management Inc reduced its stake in CCI by selling 4,973 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 280,867 shares of CCI which is valued at $27,662,591. Crown Castle International Corp makes up approx 0.18% of Eagle Asset Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in CCI in the latest quarter, The investment management firm added 6,167 additional shares and now holds a total of 288,011 shares of Crown Castle International Corp which is valued at $29,434,724. Crown Castle International Corp makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.

Crown Castle International Corp opened for trading at $96.65 and hit $97.5 on the upside on Friday, eventually ending the session at $97.03, with a gain of 0.48% or 0.46 points. The heightened volatility saw the trading volume jump to 19,20,843 shares. Company has a market cap of $32,753 M.

On the company’s financial health, Crown Castle International Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.04. The company had revenue of $934.40 million for the quarter, compared to analysts expectations of $934.83 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Crown Castle International Corp. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $103 .Company shares were Downgraded by Citigroup on Jul 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $94 .Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $98 .

Crown 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). Its core business is renting space or physical capacity (collectively space) on its towers DAS and to a lesser extent third party land interests (collectively site rental business) through long-term contracts in various forms including license sublease and lease agreements (collectively contracts). The Company conducts its operations principally through subsidiaries of (CCOC) including certain subsidiaries which operate its wireless infrastructure portfolios in the United States including Puerto Rico (CCUSA).

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