Ieq Capital LLC Decreases Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Ieq Capital LLC decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,842 shares of the real estate investment trust’s stock after selling 3,604 shares during the period. Ieq Capital LLC’s holdings in Crown Castle were worth $1,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of 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 purchasing an additional 136 shares during the period. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC purchased a new stake in Crown Castle in the fourth quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle in the third quarter worth about $47,000. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of a number of research reports. Citigroup decreased their price target on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Scotiabank decreased 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 report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson dropped their price objective on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, JMP Securities assumed coverage on Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective on the stock. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Performance

Shares of CCI stock opened at $92.21 on Monday. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 32.70 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. The stock’s 50-day moving average is $89.75 and its two-hundred day moving average is $102.94. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

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.