Stephens Inc. AR Grows Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Stephens Inc. AR increased its position in Crown Castle Inc. (NYSE:CCI) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 76,194 shares of the real estate investment trust’s stock after acquiring an additional 546 shares during the quarter. Stephens Inc. AR’s holdings in Crown Castle were worth $6,915,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of Crown Castle by 11.7% during the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock worth $19,835,000 after buying an additional 17,524 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Crown Castle during the 3rd quarter valued at about $334,000. Wedmont Private Capital raised its position in Crown Castle by 7.8% during the third quarter. Wedmont Private Capital now owns 2,269 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 164 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Crown Castle by 362.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,679 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Crown Castle by 23.2% in the third quarter. Valeo Financial Advisors LLC now owns 6,050 shares of the real estate investment trust’s stock valued at $717,000 after purchasing an additional 1,138 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. TD Cowen reduced their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Scotiabank decreased their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Stock Down 0.7 %

Shares of CCI opened at $89.57 on Monday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company’s fifty day moving average is $92.10 and its two-hundred day moving average is $104.39. The firm has a market cap of $38.93 billion, a PE ratio of 31.76 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

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.