Summit Trail Advisors LLC Has $486,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Summit Trail Advisors LLC cut its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,360 shares of the real estate investment trust’s stock after selling 325 shares during the period. Summit Trail Advisors LLC’s holdings in Crown Castle were worth $486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CCI. State Street Corp boosted its stake 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 valued at $2,476,470,000 after buying an additional 747,390 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Crown Castle by 23.8% in the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after purchasing an additional 3,371,186 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Crown Castle by 1.3% in the 3rd 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 purchasing an additional 151,990 shares in the last quarter. Barclays PLC grew its holdings in shares of Crown Castle by 7.2% during the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after purchasing an additional 348,296 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Crown Castle by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after purchasing an additional 203,442 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI stock opened at $91.26 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $39.66 billion, a price-to-earnings ratio of 32.36 and a beta of 0.88. The company’s fifty day simple moving average is $91.78 and its 200 day simple moving average is $104.27. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research reports. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company reduced their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Citigroup set a $128.00 price objective on Crown Castle in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.13.

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.