Crown Castle International Corp Could Rise a Lot According to The Today’s Call Option Activity

 Crown Castle International Corp Could Rise a Lot According to The Today's Call Option Activity

In today’s session Crown Castle International Corp (CCI) registered an unusually high (5,857) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CCI increase. With 5,857 contracts traded and 2684 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CCI170120C00085000 closed last at: $1.9 or 2.6% down. About 237,800 shares traded hands. Crown Castle International Corp (NYSE:CCI) has declined 5.01% since April 14, 2016 and is downtrending. It has underperformed by 9.70% the S&P500.

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 21.61% above today’s ($83.05) 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 “Buy” rating on Tuesday, September 13 by SunTrust. The stock has “Neutral” rating given by Citigroup on Monday, July 11. The company was maintained on Friday, July 22 by Stifel Nicolaus. Evercore downgraded Crown Castle International Corp (NYSE:CCI) on Tuesday, July 21 to “Hold” rating. The firm has “Buy” rating given on Thursday, February 25 by SunTrust. Cowen & Co maintained the stock with “Outperform” rating in Monday, April 25 report. The company was downgraded on Tuesday, July 19 by BTIG Research. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 26. The firm has “Buy” rating given on Friday, October 23 by Stifel Nicolaus. The rating was initiated by Suntrust Robinson on Thursday, February 25 with “Buy”.

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 Q2 2016. Its up 0.12, from 1.51 in 2016Q1. The ratio increased, 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.
Next last reported 1,972 shares in the company. Colony Grp Incorporated Limited Liability Com, a Massachusetts-based fund reported 108,051 shares. Quantitative Inv Mgmt Limited Liability Company has invested 0.05% of its portfolio in Crown Castle International Corp (NYSE:CCI). Tiverton Asset Lc, a Delaware-based fund reported 340,356 shares. Teachers Retirement System Of The State Of Kentucky accumulated 0.06% or 42,900 shares. Ashfield Capital Ltd holds 169,663 shares or 1.38% of its portfolio. The Texas-based Amer National Registered Invest Advisor has invested 0.38% in Crown Castle International Corp (NYSE:CCI). Kanaly Tru has 0.15% invested in the company for 7,095 shares. Innovations Lc last reported 3,345 shares in the company. Northern Trust Corp holds 0.15% or 4.66 million shares in its portfolio. Shinko Asset Mgmt Com Ltd holds 4.23% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 5.94M shares. Ing Groep Nv holds 0.19% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 136,883 shares. Bahl & Gaynor Incorporated has invested 1.79% of its portfolio in Crown Castle International Corp (NYSE:CCI). The Texas-based Bbt Capital Management Ltd Liability Company has invested 0.48% in Crown Castle International Corp (NYSE:CCI). Kcg Holding Inc holds 33,558 shares or 0.07% of its portfolio.

Insider Transactions: Since September 7, 2016, the stock had 3 insider buys, and 2 insider sales for $4.45 million net activity. 2,500 shares were bought by Melone Anthony J., worth $204,605. The insider MORELAND W BENJAMIN sold $4.91M. 3,140 shares were bought by SCHLANGER DANIEL K, worth $250,384. Simon Kenneth Jay also bought $100,074 worth of Crown Castle International Corp (NYSE:CCI) shares. 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 $29.95 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 84.48 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 important recent Crown Castle International Corp (NYSE:CCI) news were published by: Forbes.com which released: “RSI Alert: Crown Castle International Now Oversold” on November 09, 2016, also Bizjournals.com published article titled: “Houston wireless co. to acquire fiber services provider for $1.5B”, Prnewswire.com published: “NextEra Energy reaches agreement to sell FiberNet to Crown Castle …” on November 01, 2016. More interesting news about Crown Castle International Corp (NYSE:CCI) was released by: Globenewswire.com and their article: “Crown Castle to Present at the Morgan Stanley 2016 European Technology, Media …” with publication date: November 11, 2016.

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