Pinebridge Investments L.P. has sold 12,941 shares of
Crown Castle Inc. (NYSE:CCI). An earnings forecast is anticipated for
Crown Castle's Q1 metrics. As wireless operators enhance their small cell capacity, Crown Castle's CEO professes confidence. However, despite the recent rally, a certain section is considering to offload stocks of the company. In a significant strategic shift, Crown Castle has planned a massive $8.5B fiber sale, transforming it into a pure tower giant. Crown Castle's CEO has announced his departure which has impacted the share value, causing a dip to $101.16. Other financial dealings include
HSBC Holdings PLC acquiring 88,848 shares,
Dark Forest Capital Management LP increasing their stocks while
Natixis and
BI Asset Management Fondsmaeglerselskab A S reducing theirs. The appointment of
Katherine Motlagh to the Crown Castle board and
Sunit Patel as CFO has been announced. Notably, Crown Castle
sold its Fiber Optics Unit for $8.5B, and subsequently,
Zayo bought Crown Castle's fiber business as part of an $8.5 billion sale. Interestingly, a $140 price target is expected after excellent Q4 earnings, even as it undergoes a business transformation.
Crown Castle CCI News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Sat, 26 Apr 2025 10:19:09 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -3
