Crown Castle Inc (NYSE: CCI) is -0.77% lower on its value in year-to-date trading and has touched a low of $84.72 and a high of $120.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCI stock was last observed hovering at around $112.03 in the last trading session, with the day’s gains setting it 2.27%.
Currently trading at $114.30, the stock is -0.25% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 2.03% at the moment leaves the stock 7.59% off its SMA200. CCI registered 20.90% gain for a year compared to 6-month gain of 21.65%. The firm has a 50-day simple moving average (SMA 50) of $113.9 and a 200-day simple moving average (SMA200) of $106.23565.
The stock witnessed a -4.95% loss in the last 1 month and extending the period to 3 months gives it a 8.21%, and is 1.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.90% over the month.
Crown Castle Inc (CCI) has around 4700 employees, a market worth around $49.67B and $6.61B in sales. Current P/E ratio is 41.80 and Fwd P/E is 42.32. Profit margin for the company is 17.98%. Distance from 52-week low is 34.92% and -5.47% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
with sales reaching $1.63B over the same period.The EPS is expected to shrink by -22.40% this year, but quarterly earnings will post -6.30% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.
Crown Castle Inc (CCI) Top Institutional Holders
1552.0 institutions hold shares in Crown Castle Inc (CCI), with institutional investors hold 93.88% of the company’s shares. The shares outstanding are 434.00M, and float is at 433.02M with Short Float at 1.36%. Institutions hold 93.77% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 56.55 million shares valued at $5.52 billion. The investor’s holdings represent 13.0289% of the CCI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 40.87 million shares valued at $3.99 billion to account for 9.416 of the shares outstanding. The other top investors are COHEN & STEERS, INC. which holds 22.63 million shares representing 5.2154% and valued at over $2.21 billion, while STATE STREET CORP holds 4.6378 of the shares totaling 20.13 million with a market value of $1.97 billion.
Crown Castle Inc (CCI) Insider Activity
The most recent transaction is an insider sale by PATEL SUNIT S, the company’s Director. SEC filings show that PATEL SUNIT S sold 42 shares of the company’s common stock on May 09 ’24 at a price of $98.80 per share for a total of $4150.0. Following the sale, the insider now owns 2919.0 shares.
Still, SEC filings show that on Jul 23 ’24, Kavanagh Michael Joseph (EVP & COO-Towers) disposed off 10,883 shares at an average price of $103.72 for $1.13 million. The insider now directly holds 75,127 shares of Crown Castle Inc (CCI).
