Three Peaks Capital Management Maintains Stake in Kar Auction Svcs (KAR); Quantitative Systematic Strategies Holding in Crown Castle International (CCI) Cut by $2.76 Million as Market Valuation Rose

May 20, 2018 - By Marguerite Chambers

Crown Castle International Corp. (NYSE:REIT) Logo

Quantitative Systematic Strategies Llc decreased its stake in Crown Castle International Corp (CCI) by 75.49% based on its latest 2017Q4 regulatory filing with the SEC. Quantitative Systematic Strategies Llc sold 24,825 shares as the company’s stock rose 1.95% while stock markets declined. The institutional investor held 8,061 shares of the real estate investment trusts company at the end of 2017Q4, valued at $895,000, down from 32,886 at the end of the previous reported quarter. Quantitative Systematic Strategies Llc who had been investing in Crown Castle International Corp for a number of months, seems to be less bullish one the $42.41B market cap company. The stock increased 0.31% or $0.32 during the last trading session, reaching $102.23. About 1.98 million shares traded. Crown Castle International Corp. (NYSE:CCI) has risen 17.78% since May 20, 2017 and is uptrending. It has outperformed by 6.23% the S&P500.

Three Peaks Capital Management Llc increased its stake in Kar Auction Svcs Inc (KAR) by 28.64% based on its latest 2017Q4 regulatory filing with the SEC. Three Peaks Capital Management Llc bought 44,394 shares as the company’s stock rose 4.37% while stock markets declined. The institutional investor held 199,386 shares of the consumer durables company at the end of 2017Q4, valued at $10.07 million, up from 154,992 at the end of the previous reported quarter. Three Peaks Capital Management Llc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be bullish on the $7.26 billion market cap company. The stock decreased 1.07% or $0.58 during the last trading session, reaching $53.8. About 1.15M shares traded or 13.19% up from the average. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since May 20, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

Since February 21, 2018, it had 1 insider buy, and 2 sales for $1.83 million activity. Simon Kenneth Jay sold 693 shares worth $75,391. On Friday, April 27 Melone Anthony J. bought $199,988 worth of Crown Castle International Corp. (NYSE:REIT) or 1,979 shares.

Quantitative Systematic Strategies Llc, which manages about $315.26M and $394.18M US Long portfolio, upped its stake in Sun Communities Inc (NYSE:SUI) by 4,188 shares to 7,255 shares, valued at $673,000 in 2017Q4, according to the filing. It also increased its holding in Cedar Realty Trust Inc (NYSE:CDR) by 67,254 shares in the quarter, for a total of 101,649 shares, and has risen its stake in American Tower Corporation (NYSE:AMT).

Among 21 analysts covering Crown Castle International Corp (NYSE:CCI), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Crown Castle International Corp had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Crown Castle International Corp. (NYSE:REIT) has “Neutral” rating given on Tuesday, July 19 by BTIG Research. The stock of Crown Castle International Corp. (NYSE:REIT) earned “Buy” rating by Deutsche Bank on Friday, November 17. Cowen & Co maintained Crown Castle International Corp. (NYSE:REIT) rating on Thursday, October 19. Cowen & Co has “Buy” rating and $111.0 target. Barclays Capital maintained Crown Castle International Corp. (NYSE:REIT) rating on Tuesday, April 17. Barclays Capital has “Equal-Weight” rating and $110 target. The firm has “Buy” rating by Cowen & Co given on Thursday, January 25. The stock of Crown Castle International Corp. (NYSE:REIT) has “Neutral” rating given on Friday, September 16 by Citigroup. The firm earned “Neutral” rating on Monday, July 11 by Citigroup. The stock has “Buy” rating by Jefferies on Monday, June 5. Jefferies maintained Crown Castle International Corp. (NYSE:REIT) rating on Friday, October 20. Jefferies has “Buy” rating and $120.0 target. The firm has “Buy” rating given on Wednesday, December 6 by SunTrust.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.34, from 1.58 in 2017Q3. It worsened, as 43 investors sold CCI shares while 214 reduced holdings. 84 funds opened positions while 235 raised stakes. 368.81 million shares or 2.36% less from 377.71 million shares in 2017Q3 were reported. Cap Ca invested in 24,200 shares or 0.4% of the stock. Principal Fin Gp stated it has 0.2% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Greenleaf Tru, a Michigan-based fund reported 2,543 shares. Waddell & Reed Financial accumulated 198,100 shares. Jackson Square Partners Ltd Llc accumulated 5.55 million shares or 3.13% of the stock. Arizona State Retirement reported 0.16% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Sarasin And Prtn Ltd Liability Partnership reported 541,827 shares. Public Employees Retirement Association Of Colorado has invested 0.05% in Crown Castle International Corp. (NYSE:REIT). 231,376 are held by Advisors Asset Mgmt. Korea Invest invested in 0.27% or 530,727 shares. Chevy Chase Trust Holding owns 0.17% invested in Crown Castle International Corp. (NYSE:REIT) for 352,217 shares. Citigroup Incorporated holds 0.07% or 794,529 shares. Ohio-based Opus Cap Gru Ltd Liability Corp has invested 0.19% in Crown Castle International Corp. (NYSE:REIT). Supplemental Annuity Collective Trust Of Nj has invested 0.61% in Crown Castle International Corp. (NYSE:REIT). Federated Invsts Pa owns 7.37M shares.

Among 13 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. KAR Auction Services had 32 analyst reports since July 24, 2015 according to SRatingsIntel. Susquehanna initiated the shares of KAR in report on Friday, August 26 with “Positive” rating. The rating was downgraded by Zacks to “Buy” on Monday, August 24. As per Friday, July 24, the company rating was initiated by Sterne Agee CRT. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Buy” rating by Zacks on Wednesday, September 2. As per Friday, April 7, the company rating was initiated by Gabelli. The rating was maintained by Sterne Agee CRT with “Buy” on Monday, May 2. The firm earned “Hold” rating on Thursday, September 7 by Stephens. Goldman Sachs downgraded KAR Auction Services, Inc. (NYSE:KAR) on Friday, February 12 to “Neutral” rating. The firm has “Buy” rating given on Thursday, October 12 by Jefferies. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Buy” rating by Barrington on Wednesday, March 21.

Three Peaks Capital Management Llc, which manages about $566.27 million and $671.56M US Long portfolio, decreased its stake in Republic Svcs Inc (NYSE:RSG) by 18,513 shares to 228,978 shares, valued at $15.48M in 2017Q4, according to the filing. It also reduced its holding in Huntington Ingalls Inds Inc (NYSE:HII) by 1,389 shares in the quarter, leaving it with 17,050 shares, and cut its stake in Waste Connections Inc.

More important recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within CytomX Therapeutics, Pegasystems, Greif, Belden, Payment Data, and KAR …” on April 26, 2018, also Globenewswire.com published article titled: “KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings”, Globenewswire.com published: “KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results” on May 08, 2018. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) was released by: Seekingalpha.com and their article: “KAR Auction Services (KAR) Q1 2018 Results – Earnings Call Transcript” with publication date: May 09, 2018.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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