Community Bank & Trust Waco Texas Cuts Holdings in Crown Castle Inc. (NYSE:CCI)

Community Bank & Trust Waco Texas trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,531 shares of the real estate investment trust’s stock after selling 250 shares during the period. Community Bank & Trust Waco Texas’ holdings in Crown Castle were worth $502,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC purchased a new stake in Crown Castle during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of 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 valued at $36,000 after buying an additional 300 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle during the 3rd quarter valued at $47,000. Finally, Friedenthal Financial bought a new position in shares of Crown Castle during the 3rd quarter valued at $50,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCI. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company lowered their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and lowered their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Scotiabank decreased their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group raised their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.13.

Crown Castle Price Performance

NYSE:CCI opened at $89.61 on Tuesday. 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 simple moving average is $92.10 and its two-hundred day simple moving average is $104.38. The stock has a market cap of $38.95 billion, a PE ratio of 31.78 and a beta of 0.88. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

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.