Horizon Investments adds Crown Castle International Corp (CCI) to its portfolio

Crown Castle International Corp (CCI) : Horizon Investments added new position in Crown Castle International Corp during the most recent quarter end. The investment management firm now holds 5,759 shares of Crown Castle International Corp which is valued at $555,859 , the company said in a statement filed on Aug 11, 2016 with the SEC.Crown Castle International Corp makes up approximately 0.04% of Horizon Investments’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh boosted its stake in CCI in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 7,750 shares of Crown Castle International Corp which is valued at $748,030. Crown Castle International Corp makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’s portfolio. Highpoint Advisor Group added CCI to its portfolio by purchasing 2,866 company shares during the most recent quarter which is valued at $276,626. Crown Castle International Corp makes up approx 0.10% of Highpoint Advisor Group’s portfolio.Grand Jean Capital Management Inc boosted its stake in CCI in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 6,647 shares of Crown Castle International Corp which is valued at $641,568. Crown Castle International Corp makes up approx 0.26% of Grand Jean Capital Management Inc’s portfolio.Manning Napier Advisors reduced its stake in CCI by selling 3,948 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 66,890 shares of CCI which is valued at $6,436,156. Crown Castle International Corp makes up approx 0.04% of Manning Napier Advisors’s portfolio.Boston Common Asset Management boosted its stake in CCI in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 98,009 shares of Crown Castle International Corp which is valued at $9,652,906. Crown Castle International Corp makes up approx 1.39% of Boston Common Asset Management’s portfolio.

Crown Castle International Corp (CCI) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $93.88 and reached the intraday high at $94.29. The bulls started the profit booking and pushed the shares to intraday low of $93.65. The trading session was marked by a volume range of 12,15,316 shares exchanging hands. The 52-week high of the shares is $102.82 and the 52-week low is $75.714. The market cap of the company stands at $31,633 M and there are 33,75,63,470 shares in public circulation.

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.

Investors should note that on Aug 2, 2016, Crown Castle International Corp announced a cash dividend of $0.8850. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

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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