Crown Castle Inc. (NYSE:CCI) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of Crown Castle Inc. (NYSE:CCI) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,002 shares of the real estate investment trust’s stock after acquiring an additional 2,251 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Crown Castle were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Crown Castle during the third quarter worth about $25,000. Rosenberg Matthew Hamilton raised its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $47,000. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Investors Research Corp grew its holdings in Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Crown Castle stock opened at $89.61 on Tuesday. The company has a market cap of $38.95 billion, a price-to-earnings ratio of 31.78 and a beta of 0.88. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. 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 stock’s 50-day moving average is $92.10 and its 200-day moving average is $104.38.

Wall Street Analyst Weigh In

CCI has been the subject of a number of analyst reports. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Citigroup set a $128.00 target price on shares of Crown Castle in a report on Thursday, October 17th. TD Cowen lowered their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, JMP Securities began coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Crown Castle has a consensus rating of “Hold” and an average 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.