Crown Castle Inc. (NYSE:CCI) Stock Position Increased by Sigma Planning Corp

Sigma Planning Corp boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,554 shares of the real estate investment trust’s stock after buying an additional 623 shares during the quarter. Sigma Planning Corp’s holdings in Crown Castle were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after purchasing an additional 3,371,186 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Crown Castle by 433.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock valued at $470,838,000 after buying an additional 3,225,460 shares in the last quarter. State Street Corp lifted its position in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after acquiring an additional 747,390 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Crown Castle by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock worth $375,610,000 after acquiring an additional 642,010 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Crown Castle by 70.0% during the 3rd quarter. Mizuho Markets Americas LLC now owns 850,000 shares of the real estate investment trust’s stock worth $100,836,000 after acquiring an additional 350,000 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 0.3 %

CCI stock opened at $92.50 on Tuesday. The company has a 50 day moving average of $89.69 and a two-hundred day moving average of $102.81. The company has a market cap of $40.20 billion, a price-to-earnings ratio of 32.80 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 quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of recent analyst reports. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup cut their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Scotiabank dropped their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.75.

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.