Crown Castle Inc. (NYSE:CCI) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,776 shares of the real estate investment trust’s stock after selling 15,730 shares during the period. Asset Management One Co. Ltd.’s holdings in Crown Castle were worth $15,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in Crown Castle in the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton increased its position 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 valued at $31,000 after acquiring an additional 136 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Crown Castle in the 3rd quarter valued at about $47,000. FNY Investment Advisers LLC increased its position in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Finally, Investors Research Corp increased its position in Crown Castle by 57.2% in the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI stock opened at $88.15 on Friday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year 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’s 50 day moving average price is $90.70 and its 200 day moving average price is $103.81. The firm has a market cap of $38.31 billion, a P/E ratio of 31.26 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCI. Royal Bank of Canada boosted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company lowered their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Citigroup lowered their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.75.

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.