Crown Castle Inc. $CCI Stock Position Increased by Ellevest Inc.

Ellevest Inc. lifted its position in Crown Castle Inc. (NYSE:CCI) by 27.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,893 shares of the real estate investment trust’s stock after buying an additional 1,064 shares during the period. Ellevest Inc.’s holdings in Crown Castle were worth $503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Iron Horse Wealth Management LLC bought a new stake in shares of Crown Castle in the 1st quarter worth $26,000. Centerpoint Advisors LLC bought a new position in shares of Crown Castle during the 1st quarter valued at about $26,000. Stone House Investment Management LLC bought a new position in shares of Crown Castle during the 1st quarter valued at about $27,000. Rise Advisors LLC bought a new position in shares of Crown Castle during the 1st quarter valued at about $28,000. Finally, NewSquare Capital LLC boosted its position in shares of Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 0.6%

Shares of NYSE:CCI opened at $89.81 on Thursday. The firm has a fifty day moving average of $95.42 and a two-hundred day moving average of $100.23. The firm has a market capitalization of $39.11 billion, a P/E ratio of -8.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $115.76.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $1.84 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Equities research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on CCI shares. JPMorgan Chase & Co. dropped their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Wells Fargo & Company decreased their price target on Crown Castle from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Crown Castle in a research report on Thursday, October 30th. Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group increased their price target on Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus target price of $113.12.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the sale, the executive vice president directly owned 65,571 shares in the company, valued at $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Crown Castle 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.