British Airways Pensions Investment Management Ltd Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : British Airways Pensions Investment Management Ltd reduced its stake in Crown Castle International Corp by 7.97% during the most recent quarter end. The investment management company now holds a total of 369,512 shares of Crown Castle International Corp which is valued at $35,499,018 after selling 32,010 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Crown Castle International Corp makes up approximately 1.04% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Solaris Asset Management added CCI to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $9,607. Crown Castle International Corp makes up approx 0.01% of Solaris Asset Management’s portfolio. Chesley Taft Associates added CCI to its portfolio by purchasing 21,500 company shares during the most recent quarter which is valued at $2,125,705. Crown Castle International Corp makes up approx 0.21% of Chesley Taft Associates’s portfolio. Davenport Co added CCI to its portfolio by purchasing 8,857 company shares during the most recent quarter which is valued at $883,929. Crown Castle International Corp makes up approx 0.01% of Davenport Co’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 .

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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