FourThought Financial Partners LLC Sells 5,016 Shares of Crown Castle Inc. (NYSE:CCI)

FourThought Financial Partners LLC decreased its stake in shares of Crown Castle Inc. (NYSE:CCIFree Report) by 21.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,678 shares of the real estate investment trust’s stock after selling 5,016 shares during the period. FourThought Financial Partners LLC’s holdings in Crown Castle were worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position 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 worth $113,465,000 after buying an additional 282,821 shares during the period. Van ECK Associates Corp raised its holdings in shares of Crown Castle by 24.7% in 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 last quarter. Oak Thistle LLC bought a new stake in shares of Crown Castle in the fourth quarter worth $1,231,000. Avanza Fonder AB acquired a new position in Crown Castle during the fourth quarter worth $3,083,000. Finally, Fisher Asset Management LLC increased its stake in Crown Castle by 4.2% in the 3rd 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 buying an additional 203,442 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Up 0.3 %

NYSE:CCI opened at $92.50 on Tuesday. The stock has a market cap of $40.20 billion, a price-to-earnings ratio of 32.80 and a beta of 0.88. The company’s 50 day moving average price is $89.69 and its 200-day moving average price is $102.81. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CCI shares. Scotiabank dropped their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Wells Fargo & Company lowered 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. Citigroup decreased their target price on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $108.75.

View Our Latest Stock Report on CCI

Crown Castle Profile

(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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