Lecap Asset Management Ltd. Purchases 23,009 Shares of Crown Castle Inc. (NYSE:CCI)

Lecap Asset Management Ltd. grew its position in Crown Castle Inc. (NYSE:CCI) by 166.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,866 shares of the real estate investment trust’s stock after acquiring an additional 23,009 shares during the quarter. Crown Castle accounts for about 0.9% of Lecap Asset Management Ltd.’s holdings, making the stock its 11th largest position. Lecap Asset Management Ltd.’s holdings in Crown Castle were worth $3,346,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Crown Castle in the third quarter worth $25,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Crown Castle in the third quarter valued at about $47,000. Finally, Friedenthal Financial bought a new stake in Crown Castle in the third quarter valued at about $50,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

Crown Castle stock opened at $90.22 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market cap of $39.21 billion, a PE ratio of 31.99 and a beta of 0.88. The company’s 50-day moving average is $92.76 and its two-hundred day moving average is $104.58. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JMP Securities assumed coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. Citigroup set a $128.00 target price on Crown Castle in a research report on Thursday, October 17th. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Moffett Nathanson dropped their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.13.

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.