Thomas Story & Son LLC Sells 700 Shares of Crown Castle Inc. (NYSE:CCI)

Thomas Story & Son LLC cut its stake in Crown Castle Inc. (NYSE:CCI) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,951 shares of the real estate investment trust’s stock after selling 700 shares during the period. Crown Castle accounts for 1.7% of Thomas Story & Son LLC’s holdings, making the stock its 22nd biggest position. Thomas Story & Son LLC’s holdings in Crown Castle were worth $4,080,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after buying an additional 282,821 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after buying an additional 31,319 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Crown Castle in the fourth quarter worth approximately $1,231,000. Avanza Fonder AB purchased a new position in shares of Crown Castle in the fourth quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of Crown Castle by 4.2% in the third 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 during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CCI shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. UBS Group lifted their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.13.

Crown Castle Trading Down 0.7 %

CCI stock opened at $89.57 on Monday. The stock 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 twelve month low of $84.20 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm’s fifty day simple moving average is $92.10 and its two-hundred day simple moving average is $104.39.

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.