Crown Castle Inc. (NYSE:CCI) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc trimmed its position in Crown Castle Inc. (NYSE:CCI) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 573 shares of the real estate investment trust’s stock after selling 291 shares during the period. Financial Perspectives Inc’s holdings in Crown Castle were worth $52,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCI. Malaga Cove Capital LLC boosted its stake in shares of 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 worth $658,000 after acquiring an additional 100 shares during the last quarter. Napa Wealth Management raised its stake in Crown Castle by 4.6% in the 3rd 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 last quarter. Accurate Wealth Management LLC lifted its holdings in Crown Castle by 5.4% in the 4th 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 in the last quarter. Exchange Traded Concepts LLC boosted its stake in Crown Castle by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 126 shares during the last quarter. Finally, MCF Advisors LLC raised its position in shares of 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 buying an additional 130 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Crown Castle stock opened at $89.27 on Thursday. The company’s 50 day simple moving average is $90.00 and its 200-day simple moving average is $103.28. 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 Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a market capitalization of $38.80 billion, a price-to-earnings ratio of 31.65 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCI shares. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, January 23rd. Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. 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 report on Monday, October 28th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. 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 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.