Marshall Investment Management LLC Acquires Shares of 552 Crown Castle Inc. (NYSE:CCI)

Marshall Investment Management LLC purchased a new position in Crown Castle Inc. (NYSE:CCI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 552 shares of the real estate investment trust’s stock, valued at approximately $50,000.

Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton grew 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 worth $31,000 after purchasing an additional 136 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle in the third quarter worth about $47,000. FNY Investment Advisers LLC grew its holdings in shares of Crown Castle by 300.0% in the fourth 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. Finally, Roxbury Financial LLC bought a new position in shares of Crown Castle in the fourth quarter worth about $37,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

CCI stock opened at $92.21 on Friday. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 32.70 and a beta of 0.88. The firm has a 50-day simple moving average of $89.75 and a two-hundred day simple moving average of $103.00. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Citigroup lowered their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. 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. Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.75.

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.