Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.58 Million Position in Crown Castle Inc. (NYSE:CCI)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Crown Castle Inc. (NYSE:CCI) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 83,525 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Crown Castle were worth $7,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Crown Castle by 433.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock worth $470,838,000 after purchasing an additional 3,225,460 shares in the last quarter. State Street Corp increased its holdings in shares of Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Crown Castle by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock valued at $375,610,000 after buying an additional 642,010 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Crown Castle by 70.0% in the third quarter. Mizuho Markets Americas LLC now owns 850,000 shares of the real estate investment trust’s stock valued at $100,836,000 after buying an additional 350,000 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCI shares. Scotiabank dropped their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Moffett Nathanson decreased their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Stock Up 0.3 %

NYSE:CCI opened at $92.50 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The firm’s 50 day simple moving average is $89.69 and its 200 day simple moving average is $102.81. The company has a market cap of $40.20 billion, a PE ratio of 32.80 and a beta of 0.88.

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.