Lincoln National Corp Raises Position in Crown Castle Inc. (NYSE:CCI)

Lincoln National Corp grew its holdings in shares of Crown Castle Inc. (NYSE:CCI – Get Rating) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,259 shares of the real estate investment trust’s stock after purchasing an additional 593 shares during the quarter. Lincoln National Corp’s holdings in Crown Castle were worth $1,050,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of Crown Castle by 847.4% in the 3rd quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 161 shares during the period. Johnson Financial Group Inc. raised its position in shares of Crown Castle by 210.8% in the 2nd quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 156 shares during the period. Investors Research Corp raised its position in shares of Crown Castle by 976.0% in the 2nd quarter. Investors Research Corp now owns 269 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 244 shares during the period. Janiczek Wealth Management LLC raised its position in shares of Crown Castle by 13,200.0% in the 2nd quarter. Janiczek Wealth Management LLC now owns 266 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 264 shares during the period. Finally, Better Money Decisions LLC purchased a new position in shares of Crown Castle in the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.

Crown Castle Stock Up 0.4 %

Shares of Crown Castle stock opened at $145.31 on Wednesday. The business has a 50-day moving average of $140.62 and a 200-day moving average of $151.68. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $62.93 billion, a PE ratio of 39.06 and a beta of 0.60. Crown Castle Inc. has a 1-year low of $121.71 and a 1-year high of $199.97.

Analyst Ratings Changes

CCI has been the topic of several research reports. Royal Bank of Canada cut their target price on Crown Castle from $202.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. The Goldman Sachs Group cut their target price on Crown Castle from $166.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. Cowen lowered their price target on Crown Castle from $195.00 to $149.00 and set an “outperform” rating for the company in a report on Friday, October 21st. StockNews.com assumed coverage on Crown Castle in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Raymond James increased their price target on Crown Castle from $143.00 to $153.00 and gave the company a “market outperform” rating in a report on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.14.

Crown Castle Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.