Twinbeech Capital LP Takes $18.44 Million Position in Crown Castle Inc. (NYSE:CCI)

Twinbeech Capital LP purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 203,140 shares of the real estate investment trust's stock, valued at approximately $18,437,000.

A number of other institutional investors have also recently made changes to their positions in the company. Two Sigma Investments LP lifted its position in shares of Crown Castle by 327.1% during the 4th quarter. Two Sigma Investments LP now owns 96,529 shares of the real estate investment trust's stock valued at $8,761,000 after buying an additional 73,929 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Crown Castle by 33.3% during the 4th quarter. Tidal Investments LLC now owns 15,603 shares of the real estate investment trust's stock valued at $1,416,000 after buying an additional 3,894 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Crown Castle by 6.8% during the 4th quarter. Toronto Dominion Bank now owns 263,249 shares of the real estate investment trust's stock valued at $23,893,000 after buying an additional 16,873 shares during the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of Crown Castle by 811.5% during the 4th quarter. Siemens Fonds Invest GmbH now owns 49,593 shares of the real estate investment trust's stock valued at $4,501,000 after buying an additional 44,152 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Crown Castle during the 4th quarter valued at $867,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Price Performance

CCI opened at $102.30 on Monday. The stock's 50 day simple moving average is $101.78 and its 200 day simple moving average is $97.49. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The firm has a market cap of $44.55 billion, a price-to-earnings ratio of 36.28 and a beta of 0.93.

Crown Castle (NYSE:CCI - Get Free Report) last posted 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 return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. Crown Castle's revenue was down 4.8% compared to the same quarter last year. As a group, analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.12%. Crown Castle's dividend payout ratio is currently -58.18%.

Insider Transactions at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of Crown Castle 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 sale, the chief executive officer now directly owns 110,571 shares in the company, valued at approximately $11,762,542.98. This trade represents a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the vice president now owns 6,465 shares in the company, valued at approximately $689,944.80. This represents a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,600 shares of company stock worth $3,362,752. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CCI shares. StockNews.com raised Crown Castle from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Citizens Jmp raised Crown Castle to a "strong-buy" rating in a report on Monday, January 27th. Raymond James raised Crown Castle from an "outperform" rating to a "strong-buy" rating and dropped their price objective for the stock from $128.00 to $122.00 in a report on Friday, March 14th. UBS Group raised Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Friday, March 14th. Finally, KeyCorp increased their price objective on Crown Castle from $120.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.41.

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.

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