Howard Capital Management Inc. Has $1.04 Million Position in Crown Castle Inc. (NYSE:CCI)

Howard Capital Management Inc. lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,475 shares of the real estate investment trust’s stock after purchasing an additional 135 shares during the period. Howard Capital Management Inc.’s holdings in Crown Castle were worth $1,041,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CCI. Catalyst Capital Advisors LLC bought a new position in Crown Castle during the third quarter worth about $25,000. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of 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 worth $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in shares of Crown Castle during the 4th quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $47,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CCI shares. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Scotiabank decreased their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Performance

CCI 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 market cap of $40.07 billion, a P/E ratio of 32.70 and a beta of 0.88. The business’s fifty day moving average is $89.75 and its 200-day moving average is $102.94.

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.