Crown Castle Inc. (NYSE:CCI) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lessened its stake in shares of Crown Castle Inc. (NYSE:CCI) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,195 shares of the real estate investment trust’s stock after selling 123 shares during the quarter. Rothschild Investment LLC’s holdings in Crown Castle were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CCI. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle during the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton raised its stake in shares of Crown Castle by 107.9% during the third 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 lifted its position in shares of 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 purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Crown Castle in the fourth quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Crown Castle in the third quarter valued at $47,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JMP Securities assumed coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price target on the stock. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Scotiabank decreased their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. One research 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. According to MarketBeat.com, Crown Castle has an average rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Performance

Shares of CCI stock opened at $92.50 on Tuesday. 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 business has a 50 day moving average of $89.69 and a two-hundred day moving average of $102.81. The company has a market cap of $40.20 billion, a P/E ratio of 32.80 and a beta of 0.88. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

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.