Skylands Capital LLC Buys 10,405 Shares of Crown Castle Inc. (NYSE:CCI)

Skylands Capital LLC boosted its stake in Crown Castle Inc. (NYSE:CCIFree Report) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 245,105 shares of the real estate investment trust’s stock after purchasing an additional 10,405 shares during the period. Crown Castle accounts for 3.1% of Skylands Capital LLC’s holdings, making the stock its 6th biggest holding. Skylands Capital LLC’s holdings in Crown Castle were worth $22,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of Crown Castle by 29.4% during the fourth 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 purchasing an additional 282,821 shares during the period. Van ECK Associates Corp increased its holdings in shares of Crown Castle by 24.7% during 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 purchasing an additional 31,319 shares during the period. Oak Thistle LLC acquired a new position in shares of Crown Castle during the fourth quarter valued at $1,231,000. Avanza Fonder AB acquired a new position in shares of Crown Castle during the fourth quarter valued at $3,083,000. Finally, Fisher Asset Management LLC increased its holdings in shares of 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 during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCI. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada raised their target price on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Wells Fargo & Company decreased their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Crown Castle has an average rating of “Hold” and a consensus target price of $108.75.

Check Out Our Latest Research Report on CCI

Crown Castle Trading Up 1.1 %

NYSE:CCI opened at $92.21 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of 32.70 and a beta of 0.88. The stock has a fifty day simple moving average of $89.75 and a 200 day simple moving average of $102.94.

About Crown Castle

(Free Report)

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.

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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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