44 Wealth Management LLC Reduces Stock Position in Crown Castle Inc. (NYSE:CCI)

44 Wealth Management LLC lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,703 shares of the real estate investment trust’s stock after selling 923 shares during the quarter. 44 Wealth Management LLC’s holdings in Crown Castle were worth $790,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after acquiring an additional 282,821 shares during the period. Van ECK Associates Corp boosted its holdings in Crown Castle by 24.7% during the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after acquiring an additional 31,319 shares during the period. Oak Thistle LLC purchased a new position in Crown Castle during the 4th quarter valued at $1,231,000. Avanza Fonder AB purchased a new position in Crown Castle during the 4th quarter valued at $3,083,000. Finally, Fisher Asset Management LLC boosted its holdings in Crown Castle by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after acquiring an additional 203,442 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 1.1 %

Crown Castle stock opened at $92.21 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50-day simple moving average is $89.75 and its two-hundred day simple moving average is $103.07. The company has a market cap of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCI shares. Royal Bank of Canada lifted their target price on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Citigroup decreased their target price on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.75.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.