Stephens Inc. AR Acquires 546 Shares of Crown Castle Inc. (NYSE:CCI)

Stephens Inc. AR increased its holdings in Crown Castle Inc. (NYSE:CCI) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,194 shares of the real estate investment trust’s stock after buying an additional 546 shares during the period. Stephens Inc. AR’s holdings in Crown Castle were worth $6,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB lifted 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 worth $113,465,000 after purchasing an additional 282,821 shares in the last quarter. Van ECK Associates Corp grew its stake in Crown Castle by 24.7% during the third 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 in the last quarter. Oak Thistle LLC bought a new stake in Crown Castle during the 4th quarter worth approximately $1,231,000. Avanza Fonder AB purchased a new stake in Crown Castle in the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC grew its stake in Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after buying an additional 203,442 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CCI. UBS Group raised their price target on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company lowered their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Citigroup set a $128.00 price target on shares of Crown Castle in a research note on Thursday, October 17th. Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Scotiabank reduced their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.13.

Crown Castle Price Performance

Shares of CCI opened at $89.57 on Monday. The company has a market capitalization of $38.93 billion, a price-to-earnings ratio of 31.76 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. The firm has a 50-day simple moving average of $92.10 and a 200-day simple moving average of $104.39. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

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.