Atria Wealth Solutions Inc. Trims Stake in Crown Castle Inc. (NYSE:CCI)

Atria Wealth Solutions Inc. reduced its position in Crown Castle Inc. (NYSE:CCI) by 33.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,447 shares of the real estate investment trust’s stock after selling 10,682 shares during the period. Atria Wealth Solutions Inc.’s holdings in Crown Castle were worth $1,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCI. AMF Tjanstepension AB lifted its holdings in shares of Crown Castle by 11.7% in the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock valued at $19,835,000 after purchasing an additional 17,524 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Crown Castle by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,962 shares of the real estate investment trust’s stock valued at $6,164,000 after acquiring an additional 426 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Crown Castle by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,429 shares of the real estate investment trust’s stock valued at $1,000,000 after acquiring an additional 416 shares during the last quarter. International Assets Investment Management LLC raised its stake in Crown Castle by 13,271.6% during the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after acquiring an additional 965,907 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Crown Castle by 3.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 18,667 shares of the real estate investment trust’s stock valued at $2,214,000 after acquiring an additional 671 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Scotiabank reduced their price objective on 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. JMP Securities assumed coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Performance

CCI opened at $92.21 on Friday. The stock has a market cap of $40.07 billion, a P/E ratio of 32.70 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. The stock’s 50 day simple moving average is $89.75 and its 200 day simple moving average is $103.00. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

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.