Crown Castle Inc. (NYSE:CCI) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co cut its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,523 shares of the real estate investment trust’s stock after selling 2,876 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Crown Castle were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after acquiring an additional 282,821 shares in the last quarter. Van ECK Associates Corp grew its holdings in Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after purchasing an additional 31,319 shares during the period. Oak Thistle LLC acquired a new stake in Crown Castle in the fourth quarter valued at approximately $1,231,000. Avanza Fonder AB acquired a new stake in Crown Castle in the fourth quarter valued at approximately $3,083,000. Finally, Fisher Asset Management LLC grew its holdings in Crown Castle by 4.2% in the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after purchasing an additional 203,442 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Barclays raised 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. Citigroup dropped their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Moffett Nathanson dropped their price objective on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $93.14 on Wednesday. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a market cap of $40.48 billion, a price-to-earnings ratio of 33.03 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day moving average price is $89.65 and its 200 day moving average price is $102.69.

Crown Castle Company 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.