Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,300 Shares of Crown Castle Inc. (NYSE:CCI)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,525 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Crown Castle were worth $7,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB increased its position in shares of Crown Castle by 11.7% during the third quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock worth $19,835,000 after acquiring an additional 17,524 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Crown Castle by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,962 shares of the real estate investment trust’s stock worth $6,164,000 after purchasing an additional 426 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Crown Castle by 3.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 18,667 shares of the real estate investment trust’s stock worth $2,214,000 after purchasing an additional 671 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Crown Castle by 25.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,784 shares of the real estate investment trust’s stock valued at $5,689,000 after purchasing an additional 9,871 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Crown Castle by 6.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 223,997 shares of the real estate investment trust’s stock valued at $26,573,000 after purchasing an additional 14,234 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

NYSE:CCI opened at $92.50 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The stock’s 50 day moving average price is $89.69 and its two-hundred day moving average price is $102.81. The firm has a market capitalization of $40.20 billion, a price-to-earnings ratio of 32.80 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCI. Wells Fargo & Company dropped their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Moffett Nathanson decreased their price target on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Scotiabank cut their price target 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Crown Castle presently has an average rating of “Hold” and an average price target of $108.75.

About Crown Castle

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.