Cidel Asset Management Inc. Has $207,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Cidel Asset Management Inc. lifted its holdings in Crown Castle Inc. (NYSE:CCI) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,285 shares of the real estate investment trust’s stock after buying an additional 137 shares during the quarter. Cidel Asset Management Inc.’s holdings in Crown Castle were worth $207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of Crown Castle by 107.9% in 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 in the last quarter. FNY Investment Advisers LLC raised its position in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Crown Castle during the 3rd quarter worth $47,000. Finally, Friedenthal Financial bought a new position in Crown Castle in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

CCI stock opened at $89.57 on Monday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business’s 50-day moving average price is $92.10 and its two-hundred day moving average price is $104.39. The firm has a market cap of $38.93 billion, a PE ratio of 31.76 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Analysts Set New Price Targets

CCI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. JMP Securities assumed coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. UBS Group boosted their price target on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.