Bearish Options Activity on Crown Castle International Corp After Worse Fundamentals

 Bearish Options Activity on Crown Castle International Corp After Worse Fundamentals

In today’s session Crown Castle International Corp (CCI) recorded an unusually high (404) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CCI decrease. With 404 contracts traded and 42884 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CCI170120P00080000 closed last at: $0.95 or 13.6% down. The stock decreased 2.73% or $2.55 on October 4, hitting $90.86. Crown Castle International Corp (NYSE:CCI) has risen 6.47% since March 1, 2016 and is uptrending. It has underperformed by 2.77% the S&P500.

Analysts await Crown Castle International Corp (NYSE:CCI) to report earnings on October, 19. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. CCI’s profit will be $378.06M for 20.28 P/E if the $1.12 EPS becomes a reality. After $1.16 actual EPS reported by Crown Castle International Corp for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Crown Castle International Corp (NYSE:CCI) Ratings Coverage

Out of 11 analysts covering Crown Castle International Corp (NYSE:CCI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $110 is the highest target while $90 is the lowest. The $101 average target is 11.16% above today’s ($90.86) stock price. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, July 19 by BTIG Research. On Tuesday, September 13 the stock rating was initiated by SunTrust with “Buy”. The firm earned “Hold” rating on Tuesday, July 21 by Evercore. On Friday, July 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Crown Castle International Corp (NYSE:CCI) has “Buy” rating given on Wednesday, July 22 by Citigroup. Suntrust Robinson initiated the shares of CCI in a report on Thursday, February 25 with “Buy” rating. The stock of Crown Castle International Corp (NYSE:CCI) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 26. The firm has “Outperform” rating by Cowen & Co given on Monday, April 25. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 23. The rating was initiated by SunTrust with “Buy” on Thursday, February 25.

Insitutional Activity: The institutional sentiment increased to 1.63 in 2016 Q2. Its up 0.12, from 1.51 in 2016Q1. The ratio is positive, as 41 funds sold all Crown Castle International Corp shares owned while 159 reduced positions. 90 funds bought stakes while 235 increased positions. They now own 321.34 million shares or 1.05% more from 318.01 million shares in 2016Q1.
Alliancebernstein L P holds 0.29% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 3.31 million shares. Picton Mahoney Asset Management accumulated 186,400 shares or 1.16% of the stock. Commonwealth Ser Limited Co owns 50 shares or 0.01% of their US portfolio. Dubuque National Bank holds 0.05% or 2,575 shares in its portfolio. Babson Cap Mngmt Ltd Liability Corporation has 0.01% invested in the company for 3,400 shares. Citadel Advisors Limited Liability Company holds 0.22% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 1.93M shares. Allsquare Wealth Ltd Liability Com accumulated 170 shares or 0.02% of the stock. Kings Point has 24,375 shares for 0.63% of their US portfolio. Nomura Inc has 51,637 shares for 0.02% of their US portfolio. Blackrock Fund reported 7.21M shares or 0.16% of all its holdings. Piedmont Invest Advsrs Limited Liability Com has 0% invested in the company for 76,288 shares. Profund Limited Liability Corp has invested 0.12% of its portfolio in Crown Castle International Corp (NYSE:CCI). Thomas White International Ltd has 20,110 shares for 0.3% of their US portfolio. Macquarie Group Ltd last reported 0.76% of its portfolio in the stock. Sg Americas Securities Limited Liability Company, a New York-based fund reported 50,623 shares.

Insider Transactions: Since April 27, 2016, the stock had 1 insider buy, and 3 insider sales for $9.11 million net activity. Kelley Philip M had sold 46,951 shares worth $4.12 million on Wednesday, April 27. On Thursday, May 5 Simon Kenneth Jay bought $14,789 worth of the stock or 168 shares. MORELAND W BENJAMIN sold $4.91 million worth of Crown Castle International Corp (NYSE:CCI) on Wednesday, September 7. 1,000 Crown Castle International Corp (NYSE:CCI) shares with value of $93,065 were sold by MCKENZIE ROBERT F.

Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $30.67 billion. The Firm owns, operates, and leases shared wireless infrastructure, including towers and other structures, such as rooftops and small cell networks supported by fiber. It has a 90.46 P/E ratio. The Firm operates through U.S. activities segment.

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