Alliancebernstein LP Raises Its Stake in Crown Castle International Corp (CCI)

Lloyd Doyle
November 15, 2017

The company is trading up from yesterday's close of 37.08. It is down 11.07% since November 13, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.The move comes after 5 months negative chart setup for the $648.17 million company. We have $22.22 PT which if reached, will make NASDAQ:RYTM worth $45.37 million less. Citigroup maintained Crown Castle International Corp. As of quarter end Oppenheimerfunds, Inc. had sold 42,653 shares trimming its stake by 4.1%. It worsened, as 46 investors sold CCI shares while 195 reduced holdings. RBC Capital Markets maintained Crown Castle International Corp. Crown Castle International Corporation accounts for about 0.8% of WCM Investment Management CA's investment portfolio, making the stock its 23rd largest position. Crown Castle International Corp had 53 analyst reports since July 21, 2015 according to SRatingsIntel. (REIT) (CCI) pays out an annual dividend of 4.20 per share.

Among 6 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 65% are positive. The firm earned "Buy" rating on Friday, October 20 by RBC Capital Markets. Wells Fargo maintained Crown Castle International Corp. (REIT) (NYSE:CCI) for 3,191 shares. (NYSE:MMS) on Tuesday, March 8 to "Buy" rating. The company was initiated on Thursday, February 25 by SunTrust. $63.80's average target is 1.13% above currents $63.09 stock price. The rating was maintained by RBC Capital Markets with "Buy" on Monday, October 2. The firm has "Hold" rating given on Tuesday, July 21 by Evercore. Finally, TNB Financial bought a new position in shares of Crown Castle International Corporation during the 2nd quarter worth about $211,000. (REIT) (NYSE:CCI) on Monday, June 5 with "Buy" rating. On Wednesday, August 26 the stock rating was initiated by Stifel Nicolaus with "Buy". Moreover, Comerica Securities has 0.09% invested in Crown Castle International Corp. (REIT) (NYSE:CCI) to report earnings on January, 24. The portion of a company's profit allocated to each outstanding share of common stock was $1.21 a share in the trailing twelve months. CCI is down around 29.93% from its 12-month high of $79.38 notched on Nov 14, 2016 but is -29.78% above its highest point the past 12 months of $147.02 a share. After $1.15 actual EPS reported by Crown Castle International Corp. (REIT), the investors are able to forecast the positive earnings growth of the company.

Investors sentiment decreased to 1.31 in Q2 2017. EFX has a 1-week performance of 0.04%.

Want to see what other hedge funds are holding CCI? 131 funds opened positions while 449 raised stakes. 329.57 million shares or 0.52% more from 327.87 million shares in 2017Q1 were reported. At Bancshares accumulated 6,160 shares. Janney Montgomery Scott Limited Liability Corp holds 0.05% or 43,290 shares. The company's quarterly EPS surprised Wall Street by as much as 33% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Crown Castle International Corporation (CCI) traded down $0.38 during midday trading on Tuesday, hitting $112.90. (REIT) (NYSE:CCI). Cornerstone Cap Management Holding Lc holds 0.07% or 88,225 shares in its portfolio. About 1.29 million shares traded.

Another recent and important Crown Castle International Corp. (REIT) (NYSE:CCI) or 164 shares. American Century Companies holds 0.09% or 882,473 shares. At the moment, the 14-day ATR for Crown Castle International Corp. (REIT) (NYSE:CCI) on Monday, October 23 with "Outperform" rating. Moreover, Pioneer Investment Mgmt has 0.22% invested in Crown Castle International Corp. (REIT) (NYSE:CCI). First Personal Service, North Carolina-based fund reported 2,093 shares. Spears Abacus Advsr holds 0.15% or 11,725 shares. (REIT) (NYSE:CCI). Obermeyer Wood Inv Counsel Lllp accumulated 320,869 shares.

Claar Advisors Llc increased Vereit Inc stake by 845,381 shares to 3.33 million valued at $27.13 million in 2017Q2. It also upped International Flavors & Fragra (NYSE:IFF) stake by 52,995 shares and now owns 525,706 shares. Time Warner Inc (NYSE:TWX) was raised too. Hancock Company has invested 0.01% in Health Insurance Innovations Inc (NASDAQ:HIIQ). The company has a market cap of $46,022.84, a P/E ratio of 23.90, a P/E/G ratio of 1.65 and a beta of 0.20. The Firm is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. Investors will be getting a good grip in comparing the current earnings of the company to estimated future earnings.

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