Transcend Capital Advisors LLC Has $303,000 Stake in Crown Castle Inc. (NYSE:CCI)

Transcend Capital Advisors LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 54.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,337 shares of the real estate investment trust’s stock after selling 3,987 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Crown Castle were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CCI. AMF Tjanstepension AB raised its stake in Crown Castle by 11.7% during the third quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock worth $19,835,000 after acquiring an additional 17,524 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Crown Castle by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 51,962 shares of the real estate investment trust’s stock worth $6,164,000 after acquiring an additional 426 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Crown Castle by 3.7% during the third quarter. Assenagon Asset Management S.A. now owns 18,667 shares of the real estate investment trust’s stock worth $2,214,000 after acquiring an additional 671 shares in the last quarter. Ballentine Partners LLC raised its stake in Crown Castle by 6.0% during the third quarter. Ballentine Partners LLC now owns 9,192 shares of the real estate investment trust’s stock worth $1,090,000 after acquiring an additional 522 shares in the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new position in Crown Castle during the third quarter worth about $232,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CCI. Wells Fargo & Company lowered their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $117.00 to $104.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Up 1.1 %

Crown Castle stock opened at $92.21 on Monday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The firm has a 50 day moving average price of $89.75 and a two-hundred day moving average price of $102.94. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 32.70 and a beta of 0.88.

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.