2,560 Shares in Crown Castle Inc. (NYSE:CCI) Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,560 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Several other hedge funds have also added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle in the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton raised its stake in shares of 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 purchasing an additional 136 shares during the period. FNY Investment Advisers LLC raised its stake in shares of 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 purchasing an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Crown Castle in the 4th quarter valued at about $37,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 1.1 %

Crown Castle stock opened at $92.21 on Friday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week 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 has a market capitalization of $40.07 billion, a P/E ratio of 32.70 and a beta of 0.88. The stock has a 50-day simple moving average of $89.75 and a 200 day simple moving average of $103.00.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCI shares. Moffett Nathanson dropped their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price target 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. JMP Securities started coverage on Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Scotiabank decreased their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price objective on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle 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.