Focus Financial Network Inc. Has $243,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Focus Financial Network Inc. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,680 shares of the real estate investment trust’s stock after selling 1,124 shares during the quarter. Focus Financial Network Inc.’s holdings in Crown Castle were worth $243,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Malaga Cove Capital LLC grew its holdings in shares of Crown Castle by 1.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 100 shares during the period. Bleakley Financial Group LLC grew its stake in Crown Castle by 1.8% in the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock valued at $777,000 after acquiring an additional 117 shares during the period. New Century Financial Group LLC increased its holdings in shares of Crown Castle by 4.8% in the third quarter. New Century Financial Group LLC now owns 2,645 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 122 shares in the last quarter. Napa Wealth Management raised its position in shares of Crown Castle by 4.6% during the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 122 shares during the period. Finally, Leo Wealth LLC lifted its holdings in shares of Crown Castle by 0.3% during the 3rd quarter. Leo Wealth LLC now owns 35,763 shares of the real estate investment trust’s stock valued at $4,243,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Citigroup dropped their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Moffett Nathanson cut their price target on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Scotiabank decreased their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Stock Performance

Shares of CCI opened at $88.15 on Friday. The company has a market cap of $38.31 billion, a PE ratio of 31.26 and a beta of 0.88. The firm has a 50-day moving average of $90.98 and a 200-day moving average of $103.95. Crown Castle Inc. has a one year low of $84.20 and a one year 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.

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.