Atria Wealth Solutions Inc. Reduces Position in Crown Castle Inc. (NYSE:CCI)

Atria Wealth Solutions Inc. decreased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 33.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,447 shares of the real estate investment trust’s stock after selling 10,682 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Crown Castle were worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in Crown Castle during the third quarter worth $25,000. Rosenberg Matthew Hamilton increased its position in Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Crown Castle during the third quarter worth $47,000. FNY Investment Advisers LLC increased its position in Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in Crown Castle during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 1.1 %

NYSE:CCI opened at $92.21 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a 50 day moving average of $89.75 and a 200-day moving average of $103.00. The firm has a market capitalization of $40.07 billion, a PE ratio of 32.70 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.

Analysts Set New Price Targets

CCI has been the subject of several recent research reports. Citigroup dropped their price target on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective 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. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and reduced their target price for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $117.00 to $104.00 in a report on Monday, January 13th. Finally, Moffett Nathanson reduced their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.