Amalgamated Bank Has $10.13 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

Amalgamated Bank lessened its position in shares of Crown Castle Inc. (NYSE:CCI) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 85,400 shares of the real estate investment trust’s stock after selling 2,363 shares during the quarter. Amalgamated Bank’s holdings in Crown Castle were worth $10,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Crown Castle in the third quarter worth $25,000. EntryPoint Capital LLC acquired a new stake in shares of Crown Castle during the 1st quarter valued at about $27,000. Asset Dedication LLC boosted its position in shares of Crown Castle by 159.0% during the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares in the last quarter. Beacon Capital Management LLC increased its stake in Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 177 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCI. UBS Group lifted their price objective on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays upped their price target on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. BMO Capital Markets boosted their target price on shares of Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group increased their target price on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle Price Performance

CCI opened at $108.71 on Wednesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $47.25 billion, a P/E ratio of 38.55 and a beta of 0.86. The company’s 50 day simple moving average is $113.59 and its 200-day simple moving average is $106.11. Crown Castle Inc. has a one year low of $92.48 and a one year high of $120.92.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 earnings per share. Sell-side analysts anticipate that Crown Castle Inc. will post 6.65 earnings per share for the current fiscal year.

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.