Crown Castle Inc. $CCI Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its stake in Crown Castle Inc. (NYSE:CCI) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,616 shares of the real estate investment trust’s stock after selling 2,890 shares during the period. Crestwood Advisors Group LLC’s holdings in Crown Castle were worth $3,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Penserra Capital Management LLC increased its position in Crown Castle by 8.4% in the 1st quarter. Penserra Capital Management LLC now owns 15,375 shares of the real estate investment trust’s stock valued at $1,601,000 after acquiring an additional 1,192 shares during the period. Valeo Financial Advisors LLC increased its position in Crown Castle by 78.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 19,373 shares of the real estate investment trust’s stock valued at $2,019,000 after acquiring an additional 8,516 shares during the period. Personal CFO Solutions LLC purchased a new stake in Crown Castle in the 1st quarter valued at approximately $212,000. DekaBank Deutsche Girozentrale boosted its holdings in Crown Castle by 2.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 269,126 shares of the real estate investment trust’s stock valued at $27,328,000 after purchasing an additional 5,930 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its holdings in Crown Castle by 5.4% in the 1st quarter. Moloney Securities Asset Management LLC now owns 16,613 shares of the real estate investment trust’s stock valued at $1,732,000 after purchasing an additional 846 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $89.81 on Thursday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $115.76. The company has a market capitalization of $39.11 billion, a P/E ratio of -8.45, a P/E/G ratio of 0.68 and a beta of 0.94. The business has a 50 day moving average price of $95.42 and a 200 day moving average price of $100.23.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.08. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank lifted their price objective on Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Barclays lifted their price objective on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Royal Bank Of Canada set a $112.00 price objective on Crown Castle and gave the company an “outperform” rating in a report on Wednesday, October 1st. BMO Capital Markets lowered their price objective on Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, The Goldman Sachs Group lifted their price objective on Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and a consensus price target of $113.12.

Insiders Place Their Bets

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the transaction, the executive vice president directly owned 65,571 shares in the company, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.