JFG Wealth Management LLC Has $305,000 Position in Crown Castle Inc. (NYSE:CCI)

JFG Wealth Management LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,570 shares of the real estate investment trust’s stock after buying an additional 296 shares during the quarter. JFG Wealth Management LLC’s holdings in Crown Castle were worth $305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC raised its position in shares of Crown Castle by 10.9% in the 1st quarter. Quent Capital LLC now owns 2,346 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 231 shares in the last quarter. Whittier Trust Co. raised its position in shares of Crown Castle by 6.2% in the 1st quarter. Whittier Trust Co. now owns 2,268 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 132 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Crown Castle by 17.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,047 shares of the real estate investment trust’s stock worth $2,862,000 after acquiring an additional 4,016 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Crown Castle in the 1st quarter worth about $4,325,000. Finally, Avidian Wealth Solutions LLC bought a new position in shares of Crown Castle in the 1st quarter worth about $269,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE CCI opened at $108.71 on Wednesday. Crown Castle Inc. has a twelve month low of $92.48 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock’s 50 day moving average price is $113.59 and its 200-day moving average price is $106.11. The company has a market capitalization of $47.25 billion, a PE ratio of 38.55 and a beta of 0.86.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company posted $1.77 EPS. Crown Castle’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts anticipate that Crown Castle Inc. will post 6.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America boosted their target price on Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price target on Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. The Goldman Sachs Group lifted their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Barclays lifted their price target on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.87.

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.