Comparable Company Analysis: SunPower Corporation (SPWR), Crown Castle International Corp. (REIT) (CCI)

Mae Love
January 23, 2018

Dorsal Capital Management Llc sold 250,000 shares as the company's stock declined 7.36% while stock markets rallied. The hedge fund held 817,203 shares of the real estate investment trusts company at the end of 2017Q3, valued at $81.70 million, down from 1.88M at the end of the previous reported quarter. About 1.26M shares traded.

Following some medium-term indicators on shares of Crown Castle International Corp. Cymabay Therapeutics, Inc. (NASDAQ:CBAY) has risen 69.26% since January 23, 2017 and is uptrending. It has underperformed by 5.63% the S&P500. The stock increased 0.93% or $2.24 during the last trading session, reaching $243.55. A 13 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:CCI) or, if they already own its stock, sell it. The 6 months chart pattern indicates low risk for the $44.76B company. About 426,426 shares traded. Lazard Ltd (NYSE:LAZ) has risen 35.63% since January 22, 2017 and is uptrending. It has underperformed by 27.33% the S&P500. It also increased its holding in Pacira Pharmaceuticals Inc (NASDAQ:PCRX) by 566,400 shares in the quarter, for a total of 1.14M shares, and has risen its stake in Banco Macro Sa (NYSE:BMA).

Crown Castle International (NYSE:CCI)'s stock had its "buy" rating restated by equities researchers at Deutsche Bank in a research note issued on Monday. Therefore 57% are positive. Paloma Partners Mgmt reported 0.01% in Crown Castle International Corp. RBC Capital Markets maintained Crown Castle International Corp. (NYSE:REIT) for 6,269 shares.

The collective rating of 2.7 for SunPower Corporation (NASDAQ:SPWR) also leans strongly towards the neutral end of the spectrum. Roth Capital initiated the stock with "Buy" rating in Friday, July 1 report. (NYSE:REIT) has "Buy" rating given on Wednesday, April 12 by Guggenheim. (NASDAQ:ILMN) earned "Neutral" rating by Mizuho on Tuesday, October 6. KeyBanc Capital Markets maintained the stock with "Overweight" rating in Friday, May 27 report. Oppenheimer downgraded the shares of CCI in report on Sunday, October 15 to "Hold" rating. Leerink Swann maintained the stock with "Market Perform" rating in Tuesday, April 19 report. Gamco Investors Inc Et Al has invested 0.01% in Crown Castle International Corp. (NYSE:REIT) rating on Wednesday, July 22.

Investors sentiment increased to 1.58 in 2017 Q3. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Shares of CCI have increased 6.33% in the past three monthswhile the S&P 500 has dropped -6.31% in that time.

Hedge funds have recently added to or reduced their stakes in the business. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported. State of New Jersey Common Pension Fund D now owns 785,000 shares of the real estate investment trust's stock valued at $78,485,000 after purchasing an additional 25,000 shares in the last quarter. Advsr Asset Inc owns 8,827 shares for 0.03% of their portfolio. Fieldpoint Private Securities LLC purchased a new stake in shares of Crown Castle International during the third quarter worth about $137,000.

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Ledyard National Bank, which manages about $753.72 million US Long portfolio, upped its stake in Keycorp New (NYSE:KEY) by 25,934 shares to 290,729 shares, valued at $5.47M in 2017Q3, according to the filing. Princeton Mgmt has invested 3.67% of its portfolio in Crown Castle International Corp. Aviance Capital Management Llc acquired 40,518 shares as Crown Castle International Corp (CCI)'s stock rose 11.44%. BLACKROCK INC. also announced increased position in Crown Castle International Corp. (REIT) (NYSE:CCI) are $108.4 and $105.27. Hengehold Limited Liability holds 0.62% or 23,545 shares. Financial Bank Of Ny Mellon Corporation owns 3.28M shares. Thornburg Invest Management Inc accumulated 2.03 million shares.

Since October 12, 2017, it had 1 insider buy, and 0 selling transactions for $24.97 million activity.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 61% are positive. Ulta Salon Cosmetics & Fragrance Inc had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Buy" rating by RBC Capital Markets on Friday, July 7. The company was maintained on Thursday, October 22 by Argus Research. The firm has "Neutral" rating given on Wednesday, June 1 by H.C. Wainwright. On Tuesday, November 14 the stock rating was downgraded by Barclays Capital to "Underweight". The firm has "Buy" rating given on Thursday, March 24 by Stifel Nicolaus. The firm earned "Buy" rating on Monday, September 11 by Piper Jaffray.

Investors sentiment decreased to 1.1 in 2017 Q3. The shares were sold at an average price of $96.48, for a total value of $144,720.00. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Envestnet Asset Management Incorporated, Illinois-based fund reported 142,257 shares. (NYSE:REIT). Thompson Siegel Walmsley Lc accumulated 330,595 shares. 131.54 million shares or 1.36% less from 133.36 million shares in 2017Q2 were reported. Bender Robert Assocs owns 29,788 shares.

WARNING: This piece was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. (NYSE:GIS). Invest Centers Of America stated it has 23,655 shares. It is negative, as 33 investors sold ILMN shares while 167 reduced holdings. Waldron Lp holds 2,752 shares. Provise Management Gru Limited Liability Co has 0.07% invested in Crown Castle International Corp. Northwestern Mutual Wealth Mngmt Communications has 715 shares for 0% of their portfolio.

Petroleum & Resources Corp, which manages about $646.62M US Long portfolio, decreased its stake in Valero Energy Corp. Ronaghi Mostafa sold $4.20 million worth of stock or 20,000 shares.

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