FourThought Financial Partners LLC Cuts Stake in Crown Castle Inc. (NYSE:CCI)

FourThought Financial Partners LLC trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI) by 21.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,678 shares of the real estate investment trust’s stock after selling 5,016 shares during the period. FourThought Financial Partners LLC’s holdings in Crown Castle were worth $1,695,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Crown Castle by 3.7% in the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after buying an additional 747,390 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after acquiring an additional 3,371,186 shares during the period. Geode Capital Management LLC increased its stake in shares of Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after buying an additional 151,990 shares during the period. Barclays PLC lifted its position in shares of Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock worth $613,900,000 after purchasing an additional 348,296 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after buying an additional 203,442 shares during the period. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

Shares of CCI opened at $92.50 on Tuesday. The firm has a fifty day moving average price of $89.69 and a 200 day moving average price of $102.81. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. 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 $40.20 billion, a PE ratio of 32.80 and a beta of 0.88.

Analyst Ratings Changes

CCI has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock 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.