Crestwood Advisors Group LLC Sells 192,573 Shares of Crown Castle Inc. (NYSE:CCI)

Crestwood Advisors Group LLC lessened its stake in shares of Crown Castle Inc. (NYSE:CCI) by 80.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,938 shares of the real estate investment trust’s stock after selling 192,573 shares during the period. Crestwood Advisors Group LLC’s holdings in Crown Castle were worth $4,351,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Malaga Cove Capital LLC grew its position in Crown Castle by 1.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 100 shares during the last quarter. Napa Wealth Management boosted its stake in shares of Crown Castle by 4.6% during the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 122 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in shares of Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 124 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 126 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Crown Castle by 5.9% in the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 133 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CCI shares. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. JMP Securities started coverage on Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle Trading Up 0.3 %

NYSE:CCI opened at $92.50 on Tuesday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. 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 market capitalization of $40.20 billion, a price-to-earnings ratio of 32.80 and a beta of 0.88. The firm has a fifty day simple moving average of $89.69 and a two-hundred day simple moving average of $102.81.

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.