Lockheed Martin Investment Management Co. Sells 550 Shares of Crown Castle Inc. (NYSE:CCI)

Lockheed Martin Investment Management Co. lessened its stake in Crown Castle Inc. (NYSE:CCI) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 40,980 shares of the real estate investment trust’s stock after selling 550 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Crown Castle were worth $3,719,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC purchased a new position in shares of Crown Castle in the third quarter valued at about $25,000. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 107.9% during the 3rd 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 during the period. FNY Investment Advisers LLC increased its holdings in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares during the period. Harbor Capital Advisors Inc. bought a new position in Crown Castle during the 3rd quarter valued at approximately $47,000. Finally, Friedenthal Financial purchased a new stake in Crown Castle in the 3rd quarter worth approximately $50,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Down 0.8 %

NYSE CCI opened at $88.62 on Wednesday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock’s fifty day moving average price is $93.45 and its 200-day moving average price is $104.80. The stock has a market cap of $38.51 billion, a P/E ratio of 31.42 and a beta of 0.88.

Analysts Set New Price Targets

A number of equities analysts recently commented on CCI shares. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. TD Cowen decreased their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Scotiabank cut their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. 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 on the stock. Finally, UBS Group raised their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle has an average rating of “Hold” and an average target price 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.