Crown Castle Inc. (NYSE:CCI) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,272 shares of the real estate investment trust's stock after selling 2,795 shares during the quarter. Snowden Capital Advisors LLC's holdings in Crown Castle were worth $1,205,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CCI. Versor Investments LP boosted its stake in shares of Crown Castle by 120.0% in the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 4,608 shares during the period. American Century Companies Inc. raised its holdings in Crown Castle by 3.4% in the fourth quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock valued at $13,139,000 after acquiring an additional 4,772 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Crown Castle by 4.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 204,237 shares of the real estate investment trust's stock worth $18,537,000 after acquiring an additional 8,800 shares during the last quarter. Barclays PLC grew its holdings in Crown Castle by 7.2% during the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock worth $613,900,000 after acquiring an additional 348,296 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Crown Castle by 98.3% during the 4th quarter. AlphaQuest LLC now owns 26,428 shares of the real estate investment trust's stock worth $2,399,000 after acquiring an additional 13,100 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Stock Performance

NYSE CCI traded up $0.19 on Friday, reaching $100.11. The stock had a trading volume of 973,976 shares, compared to its average volume of 2,872,003. The stock has a market cap of $43.59 billion, a P/E ratio of 35.50 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The business's 50-day moving average price is $102.00 and its 200 day moving average price is $97.47. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

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

Crown Castle Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, June 13th. Crown Castle's dividend payout ratio is presently -58.18%.

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of Crown Castle stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the sale, the vice president now owns 6,465 shares of the company's stock, valued at approximately $689,944.80. The trade was a 35.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel K. Schlanger sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 110,571 shares in the company, valued at $11,762,542.98. The trade was a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,600 shares of company stock valued at $3,362,752 over the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Argus upgraded shares of Crown Castle to a "hold" rating in a report on Friday, March 21st. Wall Street Zen lowered Crown Castle from a "hold" rating to a "sell" rating in a report on Wednesday. Bank of America started coverage on Crown Castle in a report on Monday. They set a "buy" rating and a $115.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their target price on Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.71.

About Crown Castle

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.