Bradley Foster & Sargent Inc. CT Cuts Stake in Crown Castle Inc. (NYSE:CCI)

Bradley Foster & Sargent Inc. CT cut its holdings in Crown Castle Inc. (NYSE:CCI) by 36.0% in the fourth quarter, Holdings Channel reports. The fund owned 45,189 shares of the real estate investment trust’s stock after selling 25,428 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Crown Castle were worth $4,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle in the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton raised its stake 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 worth $31,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in 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 buying an additional 300 shares during the period. Roxbury Financial LLC bought a new stake in Crown Castle during the 4th quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Crown Castle in the 3rd quarter valued at $47,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 1.1 %

Crown Castle stock opened at $92.21 on Friday. The business’s 50-day simple moving average is $89.75 and its two-hundred day simple moving average is $103.07. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCI. Jefferies Financial Group cut 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 research note on Thursday, January 2nd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Scotiabank cut their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company lowered their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.75.

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.