Jackson Square Partners Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Jackson Square Partners reduced its stake in Crown Castle International Corp by 4.16% during the most recent quarter end. The investment management company now holds a total of 8,826,688 shares of Crown Castle International Corp which is valued at $851,951,926 after selling 383,244 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Crown Castle International Corp makes up approximately 3.74% of Jackson Square Partners’s portfolio.

Other Hedge Funds, Including , Motley Fool Wealth Management added CCI to its portfolio by purchasing 4,282 company shares during the most recent quarter which is valued at $413,299. Crown Castle International Corp makes up approx 0.04% of Motley Fool Wealth Management’s portfolio.Massmutual Trust Co Fsbadv boosted its stake in CCI in the latest quarter, The investment management firm added 14,412 additional shares and now holds a total of 14,507 shares of Crown Castle International Corp which is valued at $1,400,216. Crown Castle International Corp makes up approx 0.17% of Massmutual Trust Co Fsbadv’s portfolio.California Public Employees Retirement System reduced its stake in CCI by selling 19,600 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 837,872 shares of CCI which is valued at $80,527,878. Crown Castle International Corp makes up approx 0.13% of California Public Employees Retirement System’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in CCI in the latest quarter, The investment management firm added 1,111 additional shares and now holds a total of 25,936 shares of Crown Castle International Corp which is valued at $2,516,570. Crown Castle International Corp makes up approx 0.07% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.British Airways Pensions Investment Management Ltd reduced its stake in CCI by selling 32,010 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 369,512 shares of CCI which is valued at $35,499,018. Crown Castle International Corp makes up approx 1.04% of British Airways Pensions Investment Management Ltd’s portfolio.

Crown Castle International Corp opened for trading at $93.56 and hit $94 on the upside on Monday, eventually ending the session at $93.73, with a gain of 0.50% or 0.47 points. The heightened volatility saw the trading volume jump to 15,10,514 shares. Company has a market cap of $31,640 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.

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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