Crown Castle Inc. (NYSE:CCI) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC cut its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,195 shares of the real estate investment trust’s stock after selling 123 shares during the period. Rothschild Investment LLC’s holdings in Crown Castle were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Crown Castle during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton increased its holdings 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 valued at $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC raised its stake 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 valued at $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Crown Castle in the fourth quarter worth about $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in Crown Castle in the 3rd quarter valued at about $47,000. 90.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company dropped their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Moffett Nathanson decreased their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, JMP Securities assumed coverage on Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. One 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 currently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Trading Up 0.3 %

Shares of CCI opened at $92.50 on Tuesday. The business’s 50-day moving average price is $89.69 and its 200 day moving average price is $102.81. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $40.20 billion, a P/E ratio of 32.80 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.

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.