Crown Castle Inc. (NYSE:CCI) Stock Position Lowered by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 13.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,874 shares of the real estate investment trust’s stock after selling 439 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Crown Castle were worth $261,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in Crown Castle during the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its holdings 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 valued at $31,000 after acquiring an additional 136 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle during the third quarter worth $47,000. Finally, Friedenthal Financial acquired a new stake in Crown Castle during the third quarter valued at $50,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CCI shares. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $88.15 on Friday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market cap of $38.31 billion, a P/E ratio of 31.26 and a beta of 0.88. The business’s 50 day moving average is $90.98 and its two-hundred day moving average is $103.95.

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.