Crown Castle Inc. (NYSE:CCI) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its holdings in Crown Castle Inc. (NYSE:CCI) by 744.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,537 shares of the real estate investment trust’s stock after purchasing an additional 63,067 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Crown Castle were worth $6,493,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in Crown Castle by 23.8% in the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after buying an additional 3,371,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Crown Castle by 433.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock valued at $470,838,000 after purchasing an additional 3,225,460 shares during the period. International Assets Investment Management LLC boosted its holdings in Crown Castle by 13,271.6% in the third quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after purchasing an additional 965,907 shares during the period. State Street Corp grew its stake in Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Crown Castle by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock worth $375,610,000 after purchasing an additional 642,010 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCI. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. JMP Securities assumed coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered 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 note on Thursday, January 23rd. Finally, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.75.

Crown Castle Trading Down 0.0 %

CCI opened at $89.27 on Thursday. 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 52 week low of $84.20 and a 52 week high of $120.92. The business’s 50 day moving average is $90.00 and its two-hundred day moving average is $103.28. The firm has a market cap of $38.80 billion, a price-to-earnings ratio of 31.65 and a beta of 0.88.

About Crown Castle

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.