Crown Castle Inc. (NYSE:CCI) Holdings Lifted by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,913 shares of the real estate investment trust’s stock after buying an additional 490 shares during the period. V Square Quantitative Management LLC’s holdings in Crown Castle were worth $900,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCI. AMF Tjanstepension AB lifted its holdings in shares of 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 valued at $19,835,000 after purchasing an additional 17,524 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Crown Castle during the third quarter valued at $120,000. CX Institutional lifted its holdings in shares of Crown Castle by 11.5% during the third quarter. CX Institutional now owns 2,612 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 269 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Crown Castle by 13.9% during the third quarter. Global Retirement Partners LLC now owns 6,000 shares of the real estate investment trust’s stock valued at $712,000 after purchasing an additional 732 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Crown Castle by 1.8% during the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 117 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Down 1.9 %

NYSE CCI opened at $88.15 on Friday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The stock has a 50-day simple moving average of $90.98 and a 200 day simple moving average of $103.95. The company has a market capitalization of $38.31 billion, a PE ratio of 31.26 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCI shares. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Scotiabank cut their price objective on 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. Finally, Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus target price of $108.75.

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.