Spot Trading L.l.c adds Crown Castle International Corp (CCI) to its portfolio

Crown Castle International Corp (CCI) : Spot Trading L.l.c added new position in Crown Castle International Corp during the most recent quarter end. The investment management firm now holds 87,199 shares of Crown Castle International Corp which is valued at $8,380,696 , the company said in a statement filed on Aug 2, 2016 with the SEC.Crown Castle International Corp makes up approximately 1.11% of Spot Trading L.l.c’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management reduced its stake in CCI by selling 43,900 shares or 80.26% in the most recent quarter. The Hedge Fund company now holds 10,800 shares of CCI which is valued at $1,037,988. Crown Castle International Corp makes up approx 0.05% of Quantitative Investment Management’s portfolio.Conning boosted its stake in CCI in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 19,710 shares of Crown Castle International Corp which is valued at $1,893,540. Crown Castle International Corp makes up approx 0.08% of Conning’s portfolio.Terra Nova Asset Management reduced its stake in CCI by selling 3,993 shares or 28.54% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of CCI which is valued at $960,700. Crown Castle International Corp makes up approx 1.60% of Terra Nova Asset Management’s portfolio.New York State Teachers Retirement System reduced its stake in CCI by selling 6,706 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 626,268 shares of CCI which is valued at $61,919,117. Crown Castle International Corp makes up approx 0.16% of New York State Teachers Retirement System’s portfolio.

Crown Castle International Corp closed down -0.32 points or -0.33% at $95.9 with 9,12,343 shares getting traded on Monday. Post opening the session at $96.23, the shares hit an intraday low of $95.75 and an intraday high of $96.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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