Crown Castle Inc (NYSE: CCI) is 4.87% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCI stock was last observed hovering at around $94.63 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $95.18, the stock is 3.73% and 5.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 0.58% at the moment leaves the stock -7.11% off its SMA200. CCI registered -15.62% loss for a year compared to 6-month loss of -16.03%.
The stock witnessed a 7.49% gain in the last 1 month and extending the period to 3 months gives it a -9.63%, and is 1.85% 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 2.73% over the week and 2.27% over the month.
Crown Castle Inc (CCI) has around 4700 employees, a market worth around $41.37B and $6.59B in sales. Current P/E ratio is 33.77 and Fwd P/E is 35.45. Profit margin for the company is 18.60%. Distance from 52-week low is 13.04% and -21.29% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
with sales reaching $1.64B over the same period.The EPS is expected to shrink by -30.19% this year, but quarterly earnings will post -6.07% year-over-year. Quarterly sales are estimated to shrink -2.17% in year-over-year returns.
The shares outstanding are 435.00M, and float is at 433.42M with Short Float at 1.40%.
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 5.2034 and valued at over $2.21 billion, while STATE STREET CORP holds 4.6272 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).
