E. Ohman J or Asset Management AB Has $1.80 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

E. Ohman J or Asset Management AB lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the real estate investment trust’s stock after acquiring an additional 1,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in Crown Castle were worth $1,797,000 at the end of the most recent reporting period.

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

Crown Castle Trading Down 0.8 %

Shares of CCI stock opened at $88.62 on Wednesday. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 31.42 and a beta of 0.88. The company’s fifty day simple moving average is $93.45 and its two-hundred day simple moving average is $104.80. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCI. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Moffett Nathanson cut their price objective on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, UBS Group raised their target price on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.13.

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.