Concurrent Investment Advisors LLC Decreases Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Concurrent Investment Advisors LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,060 shares of the real estate investment trust’s stock after selling 1,018 shares during the period. Concurrent Investment Advisors LLC’s holdings in Crown Castle were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCI. AMF Tjanstepension AB lifted its position in shares of Crown Castle by 11.7% during the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock valued at $19,835,000 after buying an additional 17,524 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Crown Castle by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,962 shares of the real estate investment trust’s stock valued at $6,164,000 after purchasing an additional 426 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Crown Castle by 3.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,667 shares of the real estate investment trust’s stock valued at $2,214,000 after purchasing an additional 671 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown Castle by 25.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,784 shares of the real estate investment trust’s stock valued at $5,689,000 after purchasing an additional 9,871 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Crown Castle by 6.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 223,997 shares of the real estate investment trust’s stock valued at $26,573,000 after purchasing an additional 14,234 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. 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 on the stock. 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 report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Moffett Nathanson decreased their price objective on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle Stock Up 0.3 %

Shares of CCI opened at $92.50 on Tuesday. The firm has a market cap of $40.20 billion, a P/E ratio of 32.80 and a beta of 0.88. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company’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.

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.