State of Alaska Department of Revenue Raises Position in Crown Castle Inc. (NYSE:CCI)

State of Alaska Department of Revenue boosted its position in Crown Castle Inc. (NYSE:CCI) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 259,674 shares of the real estate investment trust’s stock after purchasing an additional 1,462 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Crown Castle worth $23,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CCI. Catalyst Capital Advisors LLC purchased a new position in shares of Crown Castle during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton raised its stake in Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC lifted its holdings in 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 during the last quarter. Harbor Capital Advisors Inc. bought a new position in Crown Castle during the third quarter worth about $47,000. Finally, Friedenthal Financial purchased a new position in shares of Crown Castle in the third quarter worth about $50,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $89.85 on Thursday. 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 one year low of $84.20 and a one year high of $120.92. The business’s 50 day simple moving average is $93.10 and its two-hundred day simple moving average is $104.69. The stock has a market capitalization of $39.05 billion, a P/E ratio of 31.86 and a beta of 0.88.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of recent research reports. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Citigroup set a $128.00 price target on Crown Castle in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. TD Cowen cut their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Moffett Nathanson decreased their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $110.13.

Crown Castle 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.