Boothbay Fund Management Lowered Its Crown Castle Intl New (CCI) Stake; 10 Analysts Are Bullish Magellan Midstream Partners, L.P. (MMP) Last Week

June 2, 2017 - By Adrian Mccoy

Among 19 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Magellan Midstream Partners L.P. had 38 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. Morgan Stanley downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Thursday, August 18. Morgan Stanley has “Underweight” rating and $69 target. The firm has “Underperform” rating by Credit Suisse given on Thursday, March 17. The stock has “Buy” rating by Citigroup on Friday, August 7. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Tuesday, June 14 by Seaport Global. The firm earned “Buy” rating on Monday, August 10 by Argus Research. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Neutral” rating given on Monday, February 6 by Mizuho. Credit Suisse upgraded the stock to “Neutral” rating in Friday, May 5 report. As per Monday, August 10, the company rating was upgraded by Credit Suisse. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Neutral” rating by Macquarie Research on Friday, April 21. See Magellan Midstream Partners, L.P. (NYSE:MMP) latest ratings:

05/05/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Old Target: $80.00 New Target: $84.00 Upgrade
21/04/2017 Broker: Macquarie Research Rating: Neutral Initiate
06/02/2017 Broker: Mizuho Rating: Neutral Old Target: $73 New Target: $74 Maintain
03/02/2017 Broker: UBS Old Rating: Buy New Rating: Neutral New Target: $81 Downgrade
12/01/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Old Target: $78.00 New Target: $80.00 Downgrade
11/01/2017 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
03/01/2017 Broker: Deutsche Bank Rating: Buy Initiates Coverage On
19/12/2016 Broker: Ladenburg Thalmann Rating: Buy Initiate
15/12/2016 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade

Boothbay Fund Management Llc decreased Crown Castle Intl Corp New (CCI) stake by 28.48% reported in 2016Q4 SEC filing. Boothbay Fund Management Llc sold 4,019 shares as Crown Castle Intl Corp New (CCI)’s stock rose 11.44%. The Boothbay Fund Management Llc holds 10,094 shares with $876,000 value, down from 14,113 last quarter. Crown Castle Intl Corp New now has $37.87B valuation. The stock rose 0.84% or $0.87 reaching $104.23. About 611,980 shares traded. Crown Castle International Corp. (REIT) (NYSE:CCI) has risen 11.07% since June 2, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.38, from 1.19 in 2016Q3. It dived, as 38 investors sold Magellan Midstream Partners, L.P. shares while 169 reduced holdings. 41 funds opened positions while 127 raised stakes. 134.82 million shares or 3.13% less from 139.16 million shares in 2016Q3 were reported. Glenmede Trust Na stated it has 52,410 shares or 0.02% of all its holdings. Moreover, Covington Advisors Incorporated has 0.13% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 4,155 shares. River Road Asset Mgmt Limited Liability Corporation accumulated 0.77% or 531,509 shares. State Street Corporation, Massachusetts-based fund reported 30,783 shares. Sei Invests holds 43,271 shares or 0.02% of its portfolio. Pennsylvania-based Stillwater Cap Advisors Limited has invested 0.06% in Magellan Midstream Partners, L.P. (NYSE:MMP). Davis R M owns 8,448 shares or 0.03% of their US portfolio. Pennsylvania Trust reported 18,217 shares stake. Artemis Invest Management Limited Liability Partnership, a United Kingdom-based fund reported 11,036 shares. Next Financial Group holds 0% or 2,948 shares. Cwm Llc holds 300 shares or 0% of its portfolio. 7,804 were reported by Lakeview Prns Lc. Stratos Wealth Prtn Ltd holds 14,026 shares or 0.07% of its portfolio. Janney Montgomery Scott Limited Liability Corp owns 59,839 shares. Liberty Mutual Grp Asset Mngmt Inc invested 0.31% in Magellan Midstream Partners, L.P. (NYSE:MMP).

About 188,508 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since June 2, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Since December 7, 2016, it had 0 insider purchases, and 5 insider sales for $6.08 million activity. $3.94M worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by MEARS MICHAEL N. $786,700 worth of stock was sold by Korner Lisa J on Wednesday, February 8. Selvidge Jeff R also sold $400,000 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) on Monday, February 13. May Douglas J had sold 8,000 shares worth $600,000 on Wednesday, May 24.

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The company has market cap of $16.53 billion. The Firm operates through three divisions: refined products, crude oil and marine storage. It has a 20.18 P/E ratio.

Investors sentiment increased to 1.45 in 2016 Q4. Its up 0.33, from 1.12 in 2016Q3. It increased, as 58 investors sold CCI shares while 169 reduced holdings. 78 funds opened positions while 252 raised stakes. 330.20 million shares or 4.13% more from 317.10 million shares in 2016Q3 were reported. Allsquare Wealth Management Ltd Liability reported 0.01% in Crown Castle International Corp. (REIT) (NYSE:CCI). Sei Invests accumulated 476,416 shares or 0.2% of the stock. Df Dent Inc reported 66,413 shares. Huntington Natl Bank holds 250,935 shares or 0.4% of its portfolio. Exxonmobil Inc Tx stated it has 83,468 shares or 0.16% of all its holdings. Commonwealth National Bank Of Australia invested in 2.98M shares. Waterfront Ltd Liability Com reported 124,446 shares stake. Ontario – Canada-based Sun Life Financial Inc has invested 0% in Crown Castle International Corp. (REIT) (NYSE:CCI). Commerzbank Aktiengesellschaft Fi holds 0.01% in Crown Castle International Corp. (REIT) (NYSE:CCI) or 6,781 shares. Global X Mngmt Ltd Com has invested 0.06% of its portfolio in Crown Castle International Corp. (REIT) (NYSE:CCI). Ray Gerald L And Associate Ltd holds 11,301 shares or 0.14% of its portfolio. Thornburg Investment Mgmt invested in 2.04 million shares. Sterling Invest Mngmt owns 18,264 shares. Amalgamated Bancorp holds 0.15% or 37,189 shares in its portfolio. Profund Advsr Lc accumulated 19,279 shares.

Since December 9, 2016, it had 0 insider buys, and 4 insider sales for $2.92 million activity. MCKENZIE ROBERT F sold $144,716 worth of Crown Castle International Corp. (REIT) (NYSE:CCI) on Tuesday, May 16. 1,843 shares valued at $157,220 were sold by Fisher Rob A on Friday, December 9. 2,413 shares were sold by GARRISON ROBERT E II, worth $218,753. 24,646 shares were sold by Young James D, worth $2.40M on Wednesday, May 17.

Among 15 analysts covering Crown Castle International Corp (NYSE:CCI), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Crown Castle International Corp had 27 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, May 26 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, July 22 by Citigroup. The stock of Crown Castle International Corp. (REIT) (NYSE:CCI) has “Neutral” rating given on Tuesday, July 19 by BTIG Research. As per Thursday, February 25, the company rating was initiated by Suntrust Robinson. The rating was downgraded by Evercore on Tuesday, July 21 to “Hold”. As per Thursday, February 25, the company rating was initiated by SunTrust. The firm has “Neutral” rating by Citigroup given on Friday, September 16. On Thursday, May 25 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, September 13, the company rating was initiated by SunTrust. RBC Capital Markets maintained the shares of CCI in report on Wednesday, April 19 with “Buy” rating.

Analysts await Crown Castle International Corp. (REIT) (NYSE:CCI) to report earnings on July, 20. They expect $1.15 earnings per share, down 0.86% or $0.01 from last year’s $1.16 per share. CCI’s profit will be $417.83M for 22.66 P/E if the $1.15 EPS becomes a reality. After $1.24 actual earnings per share reported by Crown Castle International Corp. (REIT) for the previous quarter, Wall Street now forecasts -7.26% negative EPS growth.