Is Buying Crown Castle International Corp Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Crown Castle International Corp Here a Winning Strategy? Option Traders Like The Stock

In today’s session Crown Castle International Corp (CCI) registered an unusually high (243) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CCI increase. With 243 contracts traded and 18984 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CCI161021C00092500 closed last at: $1.45 or 7.4% up. Crown Castle International Corp (NYSE:CCI) has risen 7.84% since March 15, 2016 and is uptrending. It has outperformed by 2.36% the S&P500.

Analysts await Crown Castle International Corp (NYSE:CCI) to report earnings on October, 19. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. CCI’s profit will be $378.11 million for 19.71 P/E if the $1.12 EPS becomes a reality. After $1.16 actual earnings per share 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. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the shares of CCI in a report on Friday, July 22 with “Buy” rating. Suntrust Robinson initiated the stock with “Buy” rating in Thursday, February 25 report. SunTrust 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 “Hold” rating by Evercore on Tuesday, July 21. The stock of Crown Castle International Corp (NYSE:CCI) earned “Buy” rating by Citigroup on Wednesday, July 22. The company was downgraded on Tuesday, July 19 by BTIG Research. Citigroup downgraded Crown Castle International Corp (NYSE:CCI) rating on Monday, July 11. Citigroup has “Neutral” rating and $109 price target. Stifel Nicolaus maintained the shares of CCI in a report on Friday, October 23 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 26. The firm has “Buy” rating given on Tuesday, September 13 by SunTrust.

According to Zacks Investment Research, “Crown Castle International Corp. operates as a real estate investment trust. It owns, operates, and leases shared wireless infrastructure primarily in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, small cells. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements. The company offers network services relating to wireless infrastructure, primarily consisting of antenna installations or subsequent augmentations, as well as site development services relating to wireless infrastructure. Crown Castle International Corp. is headquartered in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.63 in 2016 Q2. Its up 0.12, from 1.51 in 2016Q1. The ratio improved, 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.
Piedmont Advsrs Limited Liability owns 76,288 shares or 0% of their US portfolio. Ubs Asset Mgmt Americas Incorporated holds 0.21% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 1.87 million shares. First Allied Advisory Services, a Missouri-based fund reported 7,894 shares. Rmsincerbeaux Cap Mngmt Ltd has 0.61% invested in the company for 5,900 shares. Shinko Asset Mngmt owns 5.94M shares or 4.23% of their US portfolio. Henderson Gru Public Limited Liability Corporation owns 66,810 shares or 0.06% of their US portfolio. The Florida-based Raymond James Trust Na has invested 0.08% in Crown Castle International Corp (NYSE:CCI). Credit Agricole S A holds 495,913 shares or 0.19% of its portfolio. Institutional Cap Limited Liability Company has 0.18% invested in the company for 147,240 shares. The Ontario – Canada-based Td Asset Mngmt has invested 0.06% in Crown Castle International Corp (NYSE:CCI). Exxonmobil Mgmt Tx holds 0.19% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 87,206 shares. Meiji Yasuda Asset Ltd has 0.82% invested in the company for 56,183 shares. Silvercrest Asset Group Ltd Llc accumulated 3,231 shares or 0% of the stock. Lakeview Capital Ltd holds 0.9% or 14,718 shares in its portfolio. Cohen Steers last reported 4.11 million shares in the company.

Insider Transactions: Since April 27, 2016, the stock had 1 insider purchase, 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. MORELAND W BENJAMIN also sold $4.91M worth of Crown Castle International Corp (NYSE:CCI) on Wednesday, September 7. Another trade for 168 shares valued at $14,789 was bought by Simon Kenneth Jay. MCKENZIE ROBERT F sold 1,000 shares worth $93,065.

Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $29.81 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 87.91 P/E ratio. The Firm operates through U.S. activities segment.

CCI Company Profile

Crown Castle International Corp., incorporated on May 27, 2014, is a real estate investment trust (REIT). The Firm owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers) and small cell networks supported by fiber (collectively small cells, and together with towers, wireless infrastructure). The Firm operates through U.S. activities segment. The Firm also offers certain network services relating to its wireless infrastructure, consisting of site development services relating to existing or new tenant equipment installations on its wireless infrastructure, including site acquisition, architectural and engineering, or zoning and permitting (collectively, site development services), and tenant equipment installation or subsequent augmentations (collectively installation services).

More recent Crown Castle International Corp (NYSE:CCI) news were published by: Zacks.com which released: “Can Crown Castle (CCI) Pull a Surprise in Q3 Earnings?” on October 17, 2016. Also Nasdaq.com published the news titled: “Crown Castle International (CCI) Shares Cross 4% Yield Mark” on October 05, 2016. Seekingalpha.com‘s news article titled: “Trump Owns This REIT, Should You?” with publication date: October 17, 2016 was also an interesting one.

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