Crown Castle Inc. (NYSE:CCI) Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 34.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,362 shares of the real estate investment trust’s stock after acquiring an additional 858 shares during the quarter. Kestra Investment Management LLC’s holdings in Crown Castle were worth $305,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nordea Investment Management AB boosted its holdings 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 purchasing an additional 282,821 shares during the last quarter. Van ECK Associates Corp lifted its position 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 acquired a new position in Crown Castle during the fourth quarter worth $1,231,000. Avanza Fonder AB purchased a new stake in Crown Castle in the 4th quarter valued at $3,083,000. Finally, Fisher Asset Management LLC grew its holdings in shares of 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.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCI. Moffett Nathanson reduced their target price on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada increased their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, Citigroup decreased their price target on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Crown Castle has an average rating of “Hold” and an average price target of $108.75.

Crown Castle Stock Performance

NYSE CCI opened at $89.27 on Thursday. 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 company has a market cap of $38.80 billion, a P/E ratio of 31.65 and a beta of 0.88. The stock has a 50-day moving average of $90.00 and a two-hundred day moving average of $103.28. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

About Crown Castle

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.