Anderson Hoagland & Co. Has $2.81 Million Position in Crown Castle Inc. (NYSE:CCI)

Anderson Hoagland & Co. cut its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,578 shares of the real estate investment trust's stock after selling 2,499 shares during the quarter. Anderson Hoagland & Co.'s holdings in Crown Castle were worth $2,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Twin Tree Management LP acquired a new position in Crown Castle in the fourth quarter valued at $25,000. American National Bank & Trust acquired a new stake in Crown Castle during the first quarter worth about $29,000. Versant Capital Management Inc increased its stake in Crown Castle by 95.2% during the first quarter. Versant Capital Management Inc now owns 408 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 199 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Crown Castle during the fourth quarter worth about $37,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Crown Castle during the fourth quarter worth about $38,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CCI shares. JPMorgan Chase & Co. decreased their target price on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Bank of America assumed coverage on Crown Castle in a report on Monday, May 19th. They issued a "buy" rating and a $115.00 price target for the company. New Street Research raised Crown Castle from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. UBS Group raised Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target for the company in a report on Friday, March 14th. Finally, Scotiabank increased their price target on Crown Castle from $99.00 to $109.00 and gave the company a "sector perform" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.71.

Crown Castle Stock Performance

Shares of Crown Castle stock traded up $0.11 during trading on Thursday, reaching $100.34. The company's stock had a trading volume of 1,148,724 shares, compared to its average volume of 2,884,898. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business's fifty day moving average price is $101.37 and its 200-day moving average price is $97.21. The firm has a market cap of $43.69 billion, a price-to-earnings ratio of 35.58 and a beta of 0.93. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

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

Crown Castle Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, June 13th. Crown Castle's dividend payout ratio is currently -39.50%.

Insider Activity at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the company's 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 directly owns 6,465 shares in the company, valued at $689,944.80. This represents a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel K. Schlanger sold 20,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total value of $2,127,600.00. Following the sale, the chief executive officer now owns 110,571 shares of the company's stock, valued at $11,762,542.98. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,600 shares of company stock valued at $3,362,752. 0.10% of the stock is owned by insiders.

Crown Castle 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.