Crown Castle Inc. (NYSE:CCI) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,400 shares of the real estate investment trust’s stock after selling 2,363 shares during the quarter. Amalgamated Bank’s holdings in Crown Castle were worth $10,131,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle in the third quarter valued at $25,000. EntryPoint Capital LLC acquired a new stake in Crown Castle during the 1st quarter worth about $27,000. Rosenberg Matthew Hamilton boosted its position in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares during the period. Asset Dedication LLC grew its stake in Crown Castle by 159.0% during the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares in the last quarter. Finally, Beacon Capital Management LLC increased its holdings in shares of Crown Castle by 163.9% in the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CCI shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Crown Castle from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. TD Cowen decreased their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Barclays lifted their price objective on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Citigroup set a $128.00 target price on Crown Castle in a research report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average price target of $116.87.

Crown Castle Trading Up 0.3 %

Shares of CCI stock opened at $108.71 on Wednesday. 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 business’s 50 day moving average is $113.59 and its two-hundred day moving average is $106.11. The company has a market cap of $47.25 billion, a PE ratio of 38.55 and a beta of 0.86. Crown Castle Inc. has a 12 month low of $92.48 and a 12 month high of $120.92.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. Equities analysts predict that Crown Castle Inc. will post 6.65 EPS for the current year.

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.