Crown Castle Inc (NYSE: CCI) is -0.07% lower on its value in year-to-date trading and has touched a low of $84.20 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 $91.06 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $90.70, the stock is 1.69% and -6.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.24 million and changing -0.40% at the moment leaves the stock -12.34% off its SMA200. CCI registered -15.85% loss for a year compared to 6-month loss of -13.68%. The firm has a 50-day simple moving average (SMA 50) of $97.5944 and a 200-day simple moving average (SMA200) of $103.5291.
The stock witnessed a -4.41% gain in the last 1 month and extending the period to 3 months gives it a -18.84%, and is 5.80% 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 2.63% over the week and 2.14% over the month.
Crown Castle Inc (CCI) has around 4700 employees, a market worth around $39.42B and $6.59B in sales. Current P/E ratio is 32.18 and Fwd P/E is 33.62. Profit margin for the company is 18.60%. Distance from 52-week low is 7.72% and -24.99% 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 -30.08% this year, but quarterly earnings will post -6.07% year-over-year. Quarterly sales are estimated to shrink -2.33% in year-over-year returns.
Crown Castle Inc (CCI) Top Institutional Holders
1589.0 institutions hold shares in Crown Castle Inc (CCI), with institutional investors hold 95.42% of the company’s shares. The shares outstanding are 435.00M, and float is at 433.23M with Short Float at 1.64%. Institutions hold 95.31% 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).
