Angeles Wealth Management LLC Has $313,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Angeles Wealth Management LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 38.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,454 shares of the real estate investment trust’s stock after buying an additional 953 shares during the period. Angeles Wealth Management LLC’s holdings in Crown Castle were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton boosted its stake in Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC grew its position in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the 3rd quarter valued at $47,000. Finally, Friedenthal Financial purchased a new stake in shares of Crown Castle in the third quarter valued at $50,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.1 %

Crown Castle stock opened at $89.61 on Tuesday. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company’s fifty day moving average price is $92.10 and its two-hundred day moving average price is $104.38. The company has a market capitalization of $38.95 billion, a price-to-earnings ratio of 31.78 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Ratings Changes

CCI has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank lowered their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Crown Castle has an average rating of “Hold” and an average price target of $110.13.

About Crown Castle

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.