Venturi Wealth Management LLC Raises Stake in Crown Castle Inc. (NYSE:CCI)

Venturi Wealth Management LLC increased its stake in Crown Castle Inc. (NYSE:CCI) by 3,207.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,323 shares of the real estate investment trust’s stock after buying an additional 1,283 shares during the quarter. Venturi Wealth Management LLC’s holdings in Crown Castle were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Malaga Cove Capital LLC boosted its holdings in shares of Crown Castle by 1.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 100 shares during the last quarter. Napa Wealth Management boosted its holdings in shares of Crown Castle by 4.6% in the 3rd quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 122 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 124 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Crown Castle by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 126 shares during the last quarter. Finally, MCF Advisors LLC lifted its holdings in Crown Castle by 2.1% during the third quarter. MCF Advisors LLC now owns 6,200 shares of the real estate investment trust’s stock valued at $736,000 after purchasing an additional 130 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

Shares of CCI stock opened at $92.21 on Friday. The stock has a fifty day moving average of $89.75 and a 200 day moving average of $103.00. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of 32.70 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Wall Street Analysts Forecast Growth

CCI has been the topic of several recent research reports. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Royal Bank of Canada upped their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. JMP Securities initiated coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $117.00 to $104.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Crown Castle has an average rating of “Hold” and a consensus price target of $108.75.

About Crown Castle

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.