Ninety One UK Ltd Sells 16,457 Shares of Crown Castle Inc. (NYSE:CCI)

Ninety One UK Ltd lessened its position in shares of Crown Castle Inc. (NYSE:CCI) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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’s holdings in Crown Castle were worth $48,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CCI. Nordea Investment Management AB increased its holdings in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares during the period. Van ECK Associates Corp increased its stake in Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after acquiring an additional 31,319 shares during the period. Oak Thistle LLC acquired a new position in Crown Castle in the fourth quarter worth about $1,231,000. Avanza Fonder AB bought a new position in Crown Castle during the fourth quarter worth about $3,083,000. Finally, Fisher Asset Management LLC boosted its holdings in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after purchasing an additional 203,442 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCI. Scotiabank dropped their target price 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. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Stock Down 0.8 %

NYSE CCI opened at $88.62 on Wednesday. The stock has a market capitalization of $38.51 billion, a P/E ratio of 31.42 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. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a fifty day moving average of $93.45 and a 200-day moving average of $104.80.

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.