Crown Castle Inc. (NYSE:CCI) Position Trimmed by Ninety One UK Ltd

Ninety One UK Ltd trimmed its stake in Crown Castle Inc. (NYSE:CCI) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 536,254 shares of the real estate investment trust’s stock after selling 16,457 shares during the quarter. Ninety One UK Ltd owned 0.12% of Crown Castle worth $48,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its position in Crown Castle by 13.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 90 shares in the last quarter. True North Advisors LLC increased its stake in shares of Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 95 shares during the last quarter. Malaga Cove Capital LLC raised its holdings in shares of Crown Castle by 1.8% during the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 100 shares in the last quarter. Tsfg LLC boosted its position in Crown Castle by 27.5% during the third quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 117 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Crown Castle by 1.8% in the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 117 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Down 0.8 %

CCI opened at $88.62 on Wednesday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business has a 50 day moving average of $93.45 and a 200-day moving average of $104.80. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 31.42 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. TD Cowen decreased their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Wells Fargo & Company cut their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.13.

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.