Crown Castle Inc. (NYSE:CCI) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,632 shares of the real estate investment trust’s stock after selling 4,565 shares during the quarter. Sanctuary Advisors LLC’s holdings in Crown Castle were worth $6,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares during the period. Van ECK Associates Corp increased its position in shares of Crown Castle by 24.7% during the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after acquiring an additional 31,319 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Crown Castle in the 4th quarter valued at approximately $1,231,000. Avanza Fonder AB acquired a new position in shares of Crown Castle in the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $117.00 to $104.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Citigroup cut their target price on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Down 0.0 %

Crown Castle stock opened at $89.27 on Thursday. The stock has a market cap of $38.80 billion, a PE ratio of 31.65 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock’s fifty day moving average is $90.00 and its two-hundred day moving average is $103.28. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

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.