Crown Castle Inc (NYSE: CCI) is -7.91% 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 $105.44 in the last trading session, with the day’s gains setting it 0.64%.
Currently trading at $106.08, the stock is 0.82% and -3.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.12 million and changing 0.61% at the moment leaves the stock 0.30% off its SMA200. CCI registered 2.41% gain for a year compared to 6-month gain of 8.58%. The firm has a 50-day simple moving average (SMA 50) of $110.5946 and a 200-day simple moving average (SMA200) of $105.77945.
The stock witnessed a -2.60% loss in the last 1 month and extending the period to 3 months gives it a -6.57%, and is 1.42% 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 1.37% over the week and 1.87% over the month.
Crown Castle Inc (CCI) has around 4700 employees, a market worth around $46.10B and $6.59B in sales. Current P/E ratio is 37.63 and Fwd P/E is 39.35. Profit margin for the company is 18.60%. Distance from 52-week low is 14.71% and -12.27% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
with sales reaching $1.63B over the same period.The EPS is expected to shrink by -29.39% this year, but quarterly earnings will post -6.08% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.
Crown Castle Inc (CCI) Top Institutional Holders
1593.0 institutions hold shares in Crown Castle Inc (CCI), with institutional investors hold 95.41% of the company’s shares. The shares outstanding are 434.00M, and float is at 433.31M with Short Float at 1.56%. Institutions hold 95.30% 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).
