Crown Castle Inc (NYSE: CCI) is -10.79% lower on its value in year-to-date trading and has touched a low of $92.48 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 $102.25 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $102.76, the stock is -4.51% and -8.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.28 million and changing 0.50% at the moment leaves the stock -2.97% off its SMA200. CCI registered 7.56% gain for a year compared to 6-month gain of -0.73%. The firm has a 50-day simple moving average (SMA 50) of $112.5034 and a 200-day simple moving average (SMA200) of $105.90525.
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The stock witnessed a -10.10% loss in the last 1 month and extending the period to 3 months gives it a -5.87%, and is -0.69% down 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 1.95% over the week and 2.03% over the month.
Crown Castle Inc (CCI) has around 4700 employees, a market worth around $44.66B and $6.59B in sales. Current P/E ratio is 36.46 and Fwd P/E is 38.12. Profit margin for the company is 18.60%. Distance from 52-week low is 11.12% and -15.02% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
The EPS is expected to shrink by -29.39% this year
1590.0 institutions hold shares in Crown Castle Inc (CCI), with institutional investors hold 94.23% of the company’s shares. The shares outstanding are 434.00M, and float is at 433.07M with Short Float at 1.56%. Institutions hold 94.12% 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).
