As Crown Castle Intl Corp New (CCI) Market Valuation Rose, Brookfield Asset Management INC Boosted Position

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.27, from 1.31 in 2017Q2. It improved, as 46 investors sold CCI shares while 172 reduced holdings. 72 funds opened positions while 272 raised stakes. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported. Ibm Retirement Fund reported 0.19% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Private Wealth Prns Limited Liability Corp reported 8,700 shares. Michigan-based Comerica Secs has invested 0.09% in Crown Castle International Corp. (NYSE:REIT). Jpmorgan Chase Communication holds 287,705 shares or 0.01% of its portfolio. Norinchukin Bank The reported 30,238 shares stake. Adage Capital Gru Limited Liability Co has 0.02% invested in Crown Castle International Corp. (NYSE:REIT) for 80,994 shares. Parkside Savings Bank & Tru holds 0.03% or 681 shares. Ci Invs accumulated 300 shares. Grand Jean Cap Management holds 0.25% of its portfolio in Crown Castle International Corp. (NYSE:REIT) for 7,020 shares. Allsquare Wealth Management Limited Co has 0.01% invested in Crown Castle International Corp. (NYSE:REIT) for 170 shares. Commonwealth Equity Svcs has 44,762 shares. Wellington Mgmt Grp Llp invested in 0% or 107,187 shares. Glg Ltd invested in 0.1% or 15,634 shares. Magnetar invested in 24,083 shares or 0.05% of the stock. Synovus Financial Corp holds 0.01% of its portfolio in Crown Castle International Corp. (NYSE:REIT) for 3,420 shares.

Brookfield Asset Management Inc increased its stake in Crown Castle Intl Corp New (CCI) by 15.77% based on its latest 2017Q3 regulatory filing with the SEC. Brookfield Asset Management Inc bought 327,133 shares as the company’s stock rose 11.44% with the market. The hedge fund held 2.40M shares of the real estate investment trusts company at the end of 2017Q3, valued at $240.10 million, up from 2.07M at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Crown Castle Intl Corp New for a number of months, seems to be bullish on the $43.53 billion market cap company. The stock increased 1.70% or $1.79 during the last trading session, reaching $107.15. About 1.48 million shares traded. Crown Castle International Corp. (NYSE:CCI) has risen 11.07% since February 15, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Brookfield Asset Management Inc, which manages about $13.20 billion and $21.37B US Long portfolio, decreased its stake in Williams Partners LP New (ACMP) by 159,700 shares to 113,539 shares, valued at $4.42 million in 2017Q3, according to the filing. It also reduced its holding in Cbl & Assoc Pptys Inc (NYSE:CBL) by 1.46M shares in the quarter, leaving it with 13.35M shares, and cut its stake in Cf Inds Hldgs Inc (NYSE:CF).

Crown Castle International Corp. (NYSE:REIT) Ratings Coverage

Among 20 analysts covering Crown Castle International Corp (NYSE:CCI), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Crown Castle International Corp had 60 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 20, the company rating was maintained by Jefferies. The stock of Crown Castle International Corp. (NYSE:REIT) earned “Buy” rating by RBC Capital Markets on Friday, July 7. The company was maintained on Monday, November 27 by KeyBanc Capital Markets. Raymond James downgraded the shares of CCI in report on Monday, June 12 to “Market Perform” rating. The firm has “Neutral” rating by Citigroup given on Monday, July 11. The firm earned “Buy” rating on Thursday, February 25 by Suntrust Robinson. RBC Capital Markets maintained Crown Castle International Corp. (NYSE:REIT) on Friday, October 20 with “Buy” rating. SunTrust initiated the shares of CCI in report on Tuesday, September 13 with “Buy” rating. Stifel Nicolaus maintained Crown Castle International Corp. (NYSE:REIT) on Friday, October 23 with “Buy” rating. As per Thursday, October 19, the company rating was maintained by Cowen & Co.

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