Community Bank & Trust Waco Texas Sells 250 Shares of Crown Castle Inc. (NYSE:CCI)

Community Bank & Trust Waco Texas reduced its stake in shares of Crown Castle Inc. (NYSE:CCI) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,531 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Crown Castle were worth $502,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Crown Castle during the third quarter worth approximately $25,000. Rosenberg Matthew Hamilton increased its stake 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 acquiring an additional 136 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Crown Castle during the third quarter worth approximately $47,000. FNY Investment Advisers LLC increased its stake 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 acquiring an additional 300 shares during the last quarter. Finally, Investors Research Corp increased its stake in Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 154 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 0.1 %

Crown Castle stock opened at $89.61 on Tuesday. The business has a fifty day moving average of $92.10 and a two-hundred day moving average of $104.38. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $38.95 billion, a P/E ratio of 31.78 and a beta of 0.88. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Analysts Set New Price Targets

A number of research analysts have recently commented on CCI shares. Deutsche Bank Aktiengesellschaft cut their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. JMP Securities started coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.13.

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.