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Crown Castle International Corp. (REIT) (NYSE:CCI) shareholders (or potential shareholders) will be happy to see that the Independent Chairman of the Board, J. Martin, recently bought a whopping US$2.1m worth of stock, at a price of US$192. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 6.3%.
Check out our latest analysis for Crown Castle International (REIT)
The Last 12 Months Of Insider Transactions At Crown Castle International (REIT)
Notably, that recent purchase by J. Martin is the biggest insider purchase of Crown Castle International (REIT) shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$193. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Crown Castle International (REIT) share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 34.11k shares for US$5.8m. But insiders sold 22.30k shares worth US$3.6m. Overall, Crown Castle International (REIT) insiders were net buyers during the last year. The average buy price was around US$171. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Crown Castle International (REIT) is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Crown Castle International (REIT) insiders own 0.5% of the company, currently worth about US$422m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.