Cambridge Investment Research Advisors Inc. increased its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 23.3% during the fourth quarter, Holdings Channel reports. The fund owned 24,271 shares of the real estate investment trust’s stock after purchasing an additional 4,585 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $2,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new stake in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new stake in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $42,000. Quadrant Capital Group LLC grew its holdings in CROWN CASTLE IN/SH SH by 22.1% in the 4th quarter. Quadrant Capital Group LLC now owns 756 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 137 shares during the last quarter. First Personal Financial Services grew its holdings in CROWN CASTLE IN/SH SH by 33.4% in the 4th quarter. First Personal Financial Services now owns 667 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 167 shares during the last quarter. Finally, Nvwm LLC grew its holdings in CROWN CASTLE IN/SH SH by 182.0% in the 4th quarter. Nvwm LLC now owns 705 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of CCI stock opened at $120.13 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.87 and a debt-to-equity ratio of 1.38. CROWN CASTLE IN/SH SH has a 12 month low of $98.85 and a 12 month high of $120.20. The company has a market capitalization of $49.84 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.37 and a beta of 0.44.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts forecast that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current year.

In other news, Director Edward C. Hutcheson, Jr. acquired 350 shares of CROWN CASTLE IN/SH SH stock in a transaction on Friday, February 8th. The stock was bought at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the transaction, the director now owns 59,187 shares of the company’s stock, valued at $6,981,106.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the company. Macquarie lowered CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a report on Tuesday, February 12th. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Zacks Investment Research raised CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Goldman Sachs Group downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research report on Monday, January 14th. Finally, Raymond James upgraded CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $118.20.

ILLEGAL ACTIVITY NOTICE: “Cambridge Investment Research Advisors Inc. Has $2.64 Million Stake in CROWN CASTLE IN/SH SH (CCI)” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.watchlistnews.com/cambridge-investment-research-advisors-inc-has-2-64-million-stake-in-crown-castle-in-sh-sh-cci/2831844.html.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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.

Featured Article: Cash Flow

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE IN/SH SH (NYSE:CCI).

Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.