Kavanagh sold 10,883 shares of CCI at $103.72 for $1.1M; stock at $105.47, +8.2% in 30 days
Kavanagh Michael Joseph, EVP & COO-Towers, sold 10,883 shares (75.1K shares remaining, a -12.7% reduction from prior holdings). The sale at $103.72 occurred on 2024-07-23 and was valued at $1,128,839.18. CCI has since moved to $105.47, up 8.2% over 30 days and up 12.0% over 90 days from the transaction date. His same-ticker track record at CCI shows 3 prior buy transactions (all in September 2022) with negative returns in both 30- and 90-day windows (ranging from -22.5% to -18.2% at 90 days), though those trades occurred in a notably different market environment. The stock currently trades at a P/E of 32.86, down 11.0% from its 52-week high of $118.57, while the company reported $1.6B in latest quarterly revenue and $311.0M net income with flat annual revenue growth.