Thomas Story & Son LLC Reduces Stock Position in Crown Castle Inc. (NYSE:CCI)

Thomas Story & Son LLC reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,951 shares of the real estate investment trust’s stock after selling 700 shares during the quarter. Crown Castle comprises 1.7% of Thomas Story & Son LLC’s investment portfolio, making the stock its 22nd biggest position. Thomas Story & Son LLC’s holdings in Crown Castle were worth $4,080,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Savant Capital LLC increased its holdings in Crown Castle by 12.5% during the 4th quarter. Savant Capital LLC now owns 4,051 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 450 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of Crown Castle by 38.1% in the 4th quarter. Angeles Wealth Management LLC now owns 3,454 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 953 shares during the last quarter. Stiles Financial Services Inc bought a new position in shares of Crown Castle in the 4th quarter worth $231,000. Stephens Inc. AR increased its holdings in shares of Crown Castle by 0.7% in the 4th quarter. Stephens Inc. AR now owns 76,194 shares of the real estate investment trust’s stock worth $6,915,000 after buying an additional 546 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Crown Castle by 19.1% in the 4th quarter. Empowered Funds LLC now owns 15,294 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 2,452 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Stock Down 0.7 %

Shares of Crown Castle stock opened at $89.57 on Monday. 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 50-day moving average of $92.10 and a 200 day moving average of $104.39. The firm has a market cap of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. 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 note on Monday, October 28th. Finally, Moffett Nathanson dropped their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.