Mcdonald Partners LLC Grows Stake in Crown Castle Inc. (NYSE:CCI)

Mcdonald Partners LLC raised its stake in Crown Castle Inc. (NYSE:CCI) by 14.5% during the fourth quarter, Holdings Channel reports. The fund owned 5,132 shares of the real estate investment trust’s stock after buying an additional 651 shares during the period. Mcdonald Partners LLC’s holdings in Crown Castle were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after acquiring an additional 282,821 shares during the last quarter. Van ECK Associates Corp boosted its stake in 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 acquiring an additional 31,319 shares during the last quarter. Oak Thistle LLC purchased a new position in Crown Castle in the fourth quarter valued at about $1,231,000. Avanza Fonder AB purchased a new position in Crown Castle in the fourth quarter valued at about $3,083,000. Finally, Fisher Asset Management LLC boosted its stake in 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 valued at $603,592,000 after acquiring an additional 203,442 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CCI. Wells Fargo & Company dropped their target price on shares of 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 upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price target for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research note on Monday, January 13th. 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 stock presently has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle Stock Performance

Crown Castle stock opened at $89.36 on Wednesday. The firm’s 50 day simple moving average is $90.20 and its 200 day simple moving average is $103.38. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $38.84 billion, a PE ratio of 31.69 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.