Cromwell Holdings LLC Sells 408 Shares of Crown Castle Inc. (NYSE:CCI)

Cromwell Holdings LLC lowered its holdings in Crown Castle Inc. (NYSE:CCI) by 29.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,001 shares of the real estate investment trust’s stock after selling 408 shares during the quarter. Cromwell Holdings LLC’s holdings in Crown Castle were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB raised its position 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 valued at $113,465,000 after purchasing an additional 282,821 shares during the period. Van ECK Associates Corp increased 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 worth $17,476,000 after acquiring an additional 31,319 shares during the period. Oak Thistle LLC bought a new stake in Crown Castle during the 4th quarter worth approximately $1,231,000. Avanza Fonder AB bought a new stake in Crown Castle during the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC increased 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 worth $603,592,000 after acquiring an additional 203,442 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities started coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Scotiabank cut their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Trading Up 2.3 %

Shares of CCI opened at $91.29 on Friday. The stock has a market capitalization of $39.67 billion, a P/E ratio of 32.37 and a beta of 0.88. 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 has a fifty day simple moving average of $89.85 and a two-hundred day simple moving average of $103.20. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

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.