Walter & Keenan Wealth Management LLC IN ADV Trims Stake in Crown Castle Inc. (NYSE:CCI)

Walter & Keenan Wealth Management LLC IN ADV cut its stake in Crown Castle Inc. (NYSE:CCI) by 39.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,440 shares of the real estate investment trust’s stock after selling 2,272 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Crown Castle were worth $312,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC raised its position in shares of Crown Castle by 300.0% in 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 period. Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle during the 3rd quarter worth about $47,000. Finally, Friedenthal Financial purchased a new stake in shares of Crown Castle during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CCI shares. Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Wells Fargo & Company cut their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $117.00 to $104.00 in a research report on Monday, January 13th. TD Cowen cut their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and an average target price of $110.13.

Crown Castle Trading Down 0.7 %

CCI opened at $89.57 on Monday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day simple moving average is $92.10 and its two-hundred day simple moving average is $104.39. The firm has a market capitalization of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

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.