Crown Castle Inc. (NYSE:CCI) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC boosted its position in Crown Castle Inc. (NYSE:CCI) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,507 shares of the real estate investment trust’s stock after purchasing an additional 386 shares during the period. Redmond Asset Management LLC’s holdings in Crown Castle were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Malaga Cove Capital LLC lifted its position in Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 100 shares during the period. Napa Wealth Management lifted its position in Crown Castle by 4.6% in the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 122 shares during the period. Accurate Wealth Management LLC lifted its position in Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 124 shares during the period. Exchange Traded Concepts LLC lifted its position in Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 126 shares during the period. Finally, MCF Advisors LLC lifted its position in Crown Castle by 2.1% in the third quarter. MCF Advisors LLC now owns 6,200 shares of the real estate investment trust’s stock valued at $736,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CCI shares. Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities began coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average price target of $108.75.

Crown Castle Trading Up 1.1 %

Shares of CCI opened at $92.21 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. The firm has a 50 day simple moving average of $89.75 and a 200-day simple moving average of $103.07. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 32.70 and a beta of 0.88.

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.