Jupiter Asset Management Ltd. Has $1.95 Million Position in Crown Castle Inc. $CCI

Jupiter Asset Management Ltd. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 61.4% in the third quarter, Holdings Channel reports. The firm owned 20,193 shares of the real estate investment trust’s stock after selling 32,145 shares during the period. Jupiter Asset Management Ltd.’s holdings in Crown Castle were worth $1,948,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Crown Castle during the second quarter worth $629,431,000. Lazard Asset Management LLC increased its position in shares of Crown Castle by 3,051.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,472,810 shares of the real estate investment trust’s stock valued at $562,221,000 after buying an additional 5,299,155 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Crown Castle by 33.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,657,030 shares of the real estate investment trust’s stock worth $375,697,000 after buying an additional 926,721 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Crown Castle by 15,241.9% during the second quarter. Canada Pension Plan Investment Board now owns 757,891 shares of the real estate investment trust’s stock worth $77,858,000 after acquiring an additional 752,951 shares in the last quarter. Finally, Natixis lifted its holdings in Crown Castle by 142.1% during the second quarter. Natixis now owns 1,141,442 shares of the real estate investment trust’s stock worth $117,260,000 after acquiring an additional 670,055 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 12th. KeyCorp decreased their price objective on Crown Castle from $115.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. The Goldman Sachs Group dropped their target price on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research note on Monday, December 29th. Finally, Wolfe Research downgraded shares of Crown Castle from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.02.

Crown Castle Stock Performance

NYSE CCI opened at $88.02 on Friday. Crown Castle Inc. has a 52 week low of $77.01 and a 52 week high of $115.76. The stock’s 50 day moving average price is $87.06 and its two-hundred day moving average price is $92.36. The stock has a market capitalization of $38.33 billion, a price-to-earnings ratio of 87.15, a PEG ratio of 0.45 and a beta of 0.96.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.