Moloney Securities Asset Management LLC Has $1.43 Million Position in Crown Castle Inc. (NYSE:CCI)

Moloney Securities Asset Management LLC decreased its stake in Crown Castle Inc. (NYSE:CCI) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,767 shares of the real estate investment trust’s stock after selling 198 shares during the period. Moloney Securities Asset Management LLC’s holdings in Crown Castle were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its holdings in Crown Castle by 25.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 11,002 shares of the real estate investment trust’s stock worth $999,000 after purchasing an additional 2,251 shares during the last quarter. Cidel Asset Management Inc. increased its position in shares of Crown Castle by 6.4% during the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 137 shares during the period. Realta Investment Advisors acquired a new position in Crown Castle in the fourth quarter valued at $62,000. Lecap Asset Management Ltd. grew its holdings in Crown Castle by 166.0% during the 4th quarter. Lecap Asset Management Ltd. now owns 36,866 shares of the real estate investment trust’s stock worth $3,346,000 after acquiring an additional 23,009 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Crown Castle by 9.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,601 shares of the real estate investment trust’s stock valued at $4,502,000 after purchasing an additional 4,094 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

NYSE CCI opened at $89.57 on Friday. The company has a market capitalization of $38.93 billion, a PE ratio of 31.76 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 Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a 50-day simple moving average of $92.10 and a 200 day simple moving average of $104.38.

Analysts Set New Price Targets

CCI has been the topic of a number of research analyst reports. UBS Group increased their price target on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. TD Cowen dropped their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. One 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 stock. According to MarketBeat.com, Crown Castle has an average rating of “Hold” and a consensus target price of $110.13.

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.