E&G Advisors LP Reduces Position in Crown Castle International Corp. (NYSE:CCI)

E&G Advisors LP decreased its stake in shares of Crown Castle International Corp. (NYSE:CCIGet Rating) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,200 shares of the real estate investment trust’s stock after selling 300 shares during the period. E&G Advisors LP’s holdings in Crown Castle International were worth $222,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Rational Advisors LLC grew its position in shares of Crown Castle International by 139.6% in the fourth quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Missouri Trust & Investment Co purchased a new stake in shares of Crown Castle International in the fourth quarter valued at $28,000. IAG Wealth Partners LLC grew its position in shares of Crown Castle International by 277.8% in the fourth quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Crown Castle International by 416.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 155 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 125 shares during the period. Finally, HWG Holdings LP purchased a new stake in shares of Crown Castle International in the fourth quarter valued at $34,000. 91.28% of the stock is owned by institutional investors.

Shares of CCI opened at $168.07 on Thursday. The stock’s 50-day moving average is $181.02 and its two-hundred day moving average is $182.89. The stock has a market cap of $72.78 billion, a PE ratio of 50.02 and a beta of 0.53. Crown Castle International Corp. has a 12 month low of $153.70 and a 12 month high of $209.87. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.71 and a quick ratio of 0.71.

Crown Castle International (NYSE:CCIGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Crown Castle International had a return on equity of 17.40% and a net margin of 22.12%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, research analysts anticipate that Crown Castle International Corp. will post 7.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Tuesday, June 14th. Crown Castle International’s payout ratio is 175.00%.

A number of brokerages have recently commented on CCI. Barclays lowered their price objective on Crown Castle International from €222.00 ($233.68) to €214.00 ($225.26) in a research report on Friday, March 18th. Raymond James lifted their price objective on Crown Castle International from $184.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Credit Suisse Group lifted their target price on Crown Castle International from $204.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. StockNews.com started coverage on Crown Castle International in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Morgan Stanley reduced their target price on Crown Castle International from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle International presently has an average rating of “Hold” and an average price target of $202.71.

In other news, COO Christopher Levendos sold 11,000 shares of Crown Castle International stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the sale, the chief operating officer now directly owns 11,717 shares of the company’s stock, valued at $2,258,920.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Sean Collins sold 1,000 shares of Crown Castle International stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $185.44, for a total value of $185,440.00. Following the sale, the vice president now directly owns 10,082 shares in the company, valued at $1,869,606.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,000 shares of company stock worth $3,261,230. Corporate insiders own 0.47% of the company’s stock.

Crown Castle International Profile (Get Rating)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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