Boston Financial Mangement LLC Sells 6,515 Shares of Crown Castle Inc. (NYSE:CCI)

Boston Financial Mangement LLC reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 19.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,784 shares of the real estate investment trust’s stock after selling 6,515 shares during the quarter. Boston Financial Mangement LLC’s holdings in Crown Castle were worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in 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 valued at $113,465,000 after buying an additional 282,821 shares during the last quarter. Van ECK Associates Corp raised its holdings in Crown Castle by 24.7% during the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after buying an additional 31,319 shares during the last quarter. Oak Thistle LLC bought a new stake in Crown Castle during the 4th quarter valued at $1,231,000. Avanza Fonder AB bought a new stake in Crown Castle during the 4th quarter valued at $3,083,000. Finally, Fisher Asset Management LLC raised 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 valued at $603,592,000 after buying an additional 203,442 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. JMP Securities began coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Scotiabank decreased their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.75.

Crown Castle Stock Performance

Shares of CCI stock opened at $91.29 on Friday. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company’s 50-day moving average is $89.85 and its 200 day moving average is $103.20. The company has a market capitalization of $39.67 billion, a price-to-earnings ratio of 32.37 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.

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.