Wealthfront Advisers LLC lifted its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,142 shares of the real estate investment trust’s stock after purchasing an additional 1,199 shares during the period. Wealthfront Advisers LLC’s holdings in CROWN CASTLE IN/SH SH were worth $2,579,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. City Holding Co. grew its holdings in shares of CROWN CASTLE IN/SH SH by 655.6% in the third quarter. City Holding Co. now owns 204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 177 shares during the last quarter. Lenox Wealth Advisors LLC purchased a new stake in CROWN CASTLE IN/SH SH in the third quarter worth about $32,000. Alpha Windward LLC purchased a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth about $43,000. CX Institutional lifted its stake in CROWN CASTLE IN/SH SH by 34.3% in the third quarter. CX Institutional now owns 317 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in CROWN CASTLE IN/SH SH in the third quarter worth about $46,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.
A number of research firms recently weighed in on CCI. UBS Group upped their price objective on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Barclays began coverage on shares of CROWN CASTLE IN/SH SH in a research note on Thursday, January 16th. They issued an “overweight” rating for the company. Zacks Investment Research raised shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Wednesday, November 27th. SunTrust Banks upped their price objective on shares of CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, ValuEngine lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.82.
In other news, Director J Landis Martin purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of $130.62 per share, with a total value of $130,620.00. Following the completion of the transaction, the director now owns 131,617 shares in the company, valued at approximately $17,191,812.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
NYSE:CCI opened at $148.21 on Wednesday. CROWN CASTLE IN/SH SH has a 1-year low of $107.51 and a 1-year high of $149.47. The company has a 50-day moving average of $139.70 and a 200 day moving average of $138.09. The firm has a market cap of $60.39 billion, a PE ratio of 74.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.25. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.72 and a quick ratio of 0.72.
About CROWN CASTLE IN/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.
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