Roxbury Financial LLC Makes New $37,000 Investment in Crown Castle Inc. (NYSE:CCI)

Roxbury Financial LLC bought a new position in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 411 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in Crown Castle by 3.7% in the third 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 during the last quarter. Wellington Management Group LLP raised its stake in shares of Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after buying an additional 3,371,186 shares during the period. Geode Capital Management LLC raised its stake in shares of Crown Castle by 1.3% in the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock worth $1,434,229,000 after buying an additional 151,990 shares during the period. Barclays PLC raised its stake in shares of Crown Castle by 7.2% in the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock worth $613,900,000 after buying an additional 348,296 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Crown Castle by 4.2% in the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after buying an additional 203,442 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

NYSE:CCI opened at $88.15 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The stock’s 50 day simple moving average is $90.70 and its two-hundred day simple moving average is $103.81. The company has a market cap of $38.31 billion, a price-to-earnings ratio of 31.26 and a beta of 0.88.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective 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. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank decreased 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. Citigroup decreased their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.