Crown Castle Inc. (NYSE:CCI) Shares Sold by Vanderbilt University

Vanderbilt University reduced its position in Crown Castle Inc. (NYSE:CCI) by 14.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,406 shares of the real estate investment trust’s stock after selling 4,978 shares during the quarter. Vanderbilt University’s holdings in Crown Castle were worth $2,760,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB grew its stake in Crown Castle by 29.4% during 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 buying an additional 282,821 shares during the period. Van ECK Associates Corp increased its holdings in Crown Castle by 24.7% in 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 purchasing an additional 31,319 shares in the last quarter. Oak Thistle LLC purchased a new position in Crown Castle in the fourth quarter valued at about $1,231,000. Avanza Fonder AB acquired a new position in shares of Crown Castle during the fourth quarter worth about $3,083,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after purchasing an additional 203,442 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the topic of several analyst reports. TD Cowen dropped their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Price Performance

Shares of CCI opened at $89.85 on Thursday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 31.86 and a beta of 0.88. The stock has a 50 day moving average of $93.10 and a 200-day moving average of $104.69.

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.