Global Retirement Partners LLC Has $454,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Global Retirement Partners LLC cut its position in Crown Castle Inc. (NYSE:CCI) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,997 shares of the real estate investment trust’s stock after selling 1,003 shares during the quarter. Global Retirement Partners LLC’s holdings in Crown Castle were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle in the third quarter valued at about $25,000. Rosenberg Matthew Hamilton grew its holdings in Crown Castle by 107.9% in the 3rd 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. Harbor Capital Advisors Inc. bought a new position in Crown Castle in the 3rd quarter worth approximately $47,000. FNY Investment Advisers LLC lifted its holdings in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Crown Castle in the fourth quarter valued at approximately $37,000. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CCI. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their target price for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Moffett Nathanson reduced their price objective on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Scotiabank decreased their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus price target of $108.75.

Crown Castle Trading Up 1.1 %

Shares of CCI stock opened at $92.21 on Monday. The company has a market capitalization of $40.07 billion, a P/E ratio of 32.70 and a beta of 0.88. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a 50-day moving average price of $89.75 and a 200 day moving average price of $102.94.

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.