Kestra Private Wealth Services LLC Trims Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Kestra Private Wealth Services LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,018 shares of the real estate investment trust’s stock after selling 2,675 shares during the period. Kestra Private Wealth Services LLC’s holdings in Crown Castle were worth $2,906,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Stephens Inc. AR lifted its holdings in Crown Castle by 0.7% during the 4th quarter. Stephens Inc. AR now owns 76,194 shares of the real estate investment trust’s stock worth $6,915,000 after purchasing an additional 546 shares in the last quarter. Empowered Funds LLC increased its position in shares of Crown Castle by 19.1% during the fourth quarter. Empowered Funds LLC now owns 15,294 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 2,452 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Crown Castle by 25.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 11,002 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 2,251 shares in the last quarter. Cidel Asset Management Inc. boosted its position in shares of Crown Castle by 6.4% in the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 137 shares during the period. Finally, Realta Investment Advisors purchased a new position in Crown Castle during the fourth quarter valued at approximately $62,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 0.1 %

Shares of NYSE:CCI opened at $89.61 on Tuesday. 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 50-day moving average price is $92.10 and its 200-day moving average price is $104.38. The stock has a market capitalization of $38.95 billion, a P/E ratio of 31.78 and a beta of 0.88.

Analyst Upgrades and Downgrades

CCI has been the topic of several recent analyst reports. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. TD Cowen dropped their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, UBS Group increased their price target 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 assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.