BW Gestao de Investimentos Ltda. Sells 30,000 Shares of Crown Castle Inc. (NYSE:CCI)

BW Gestao de Investimentos Ltda. lowered its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,878 shares of the real estate investment trust's stock after selling 30,000 shares during the period. BW Gestao de Investimentos Ltda.'s holdings in Crown Castle were worth $1,713,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CCI. Twin Tree Management LP bought a new position in shares of Crown Castle during the 4th quarter valued at about $25,000. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 300 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Crown Castle in the fourth quarter valued at approximately $37,000. Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Crown Castle during the fourth quarter worth $53,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Performance

NYSE:CCI traded down $0.43 on Tuesday, hitting $106.55. The company's stock had a trading volume of 2,790,377 shares, compared to its average volume of 2,866,051. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The firm has a market capitalization of $46.39 billion, a P/E ratio of 37.78 and a beta of 0.93. The stock has a fifty day moving average of $100.90 and a two-hundred day moving average of $97.99. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $1.72 EPS. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. Research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 5.88%. Crown Castle's dividend payout ratio is currently -58.18%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCI shares. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com downgraded Crown Castle from a "hold" rating to a "sell" rating in a report on Monday. KeyCorp boosted their target price on Crown Castle from $120.00 to $122.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. New Street Research raised shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, Argus raised shares of Crown Castle to a "hold" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.41.

Insiders Place Their Bets

In other news, VP Robert Sean Collins sold 3,600 shares of Crown Castle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total transaction of $384,192.00. Following the completion of the sale, the vice president now owns 6,465 shares of the company's stock, valued at approximately $689,944.80. This trade represents a 35.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the transaction, the executive vice president now owns 20,528 shares in the company, valued at $2,183,563.36. This trade represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,600 shares of company stock worth $3,362,752 over the last three months. Insiders own 0.10% of the company's stock.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.