New Mexico Educational Retirement Board Trims Stock Holdings in Crown Castle Inc. (NYSE:CCI)

New Mexico Educational Retirement Board decreased its stake in Crown Castle Inc. (NYSE:CCI) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,700 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Crown Castle were worth $1,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton grew its position in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of 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 purchasing an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle during the third quarter worth about $47,000. Finally, Investors Research Corp grew its position in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $88.15 on Monday. The firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 31.26 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 business has a 50 day simple moving average of $90.70 and a 200-day simple moving average of $103.78. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JMP Securities assumed coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price for the company. Deutsche Bank Aktiengesellschaft cut 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. Citigroup cut their target price on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank cut their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Crown Castle presently has an average rating of “Hold” and a consensus price target of $108.75.

Crown Castle Company 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.