Paradigm Asset Management Co. LLC Invests $127,000 in Crown Castle Inc. (NYSE:CCI)

Paradigm Asset Management Co. LLC bought a new position in shares of Crown Castle Inc. (NYSE:CCI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,400 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares during the period. Van ECK Associates Corp raised its position in Crown Castle by 24.7% in the third 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 during the period. Oak Thistle LLC acquired a new position in shares of Crown Castle in the 4th quarter valued at $1,231,000. Avanza Fonder AB purchased a new position in shares of Crown Castle during the 4th quarter worth $3,083,000. Finally, Fisher Asset Management LLC increased its position in shares of Crown Castle by 4.2% during the 3rd 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 during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CCI. Wells Fargo & Company decreased their target price 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. Deutsche Bank Aktiengesellschaft reduced 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. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Moffett Nathanson cut their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and an average target price of $108.75.

Crown Castle Price Performance

CCI stock opened at $92.21 on Friday. The business’s 50-day moving average is $89.75 and its two-hundred day moving average is $103.07. 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 firm has a market capitalization of $40.07 billion, a P/E ratio of 32.70 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.

Crown Castle 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.