Russell Investments Group Ltd. Sells 54,300 Shares of Crown Castle Inc. (NYSE:CCI)

Russell Investments Group Ltd. decreased its holdings in Crown Castle Inc. (NYSE:CCIGet Rating) by 18.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 244,996 shares of the real estate investment trust’s stock after selling 54,300 shares during the period. Russell Investments Group Ltd.’s holdings in Crown Castle were worth $35,396,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Gratus Capital LLC boosted its position in Crown Castle by 11.5% during the third quarter. Gratus Capital LLC now owns 80,284 shares of the real estate investment trust’s stock valued at $11,605,000 after acquiring an additional 8,267 shares during the last quarter. Lincoln National Corp boosted its position in Crown Castle by 8.9% during the third quarter. Lincoln National Corp now owns 7,259 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 593 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Crown Castle by 9.6% during the third quarter. Cidel Asset Management Inc. now owns 48,415 shares of the real estate investment trust’s stock valued at $6,998,000 after acquiring an additional 4,248 shares during the last quarter. Andesa Financial Management Inc. raised its holdings in shares of Crown Castle by 28.7% during the third quarter. Andesa Financial Management Inc. now owns 2,644 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 589 shares during the period. Finally, AMG National Trust Bank acquired a new position in shares of Crown Castle during the third quarter valued at about $280,000. Institutional investors own 90.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CCI shares. KeyCorp dropped their price objective on shares of Crown Castle from $177.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 21st. Credit Suisse Group decreased their price objective on shares of Crown Castle from $213.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crown Castle from $137.00 to $142.00 in a research report on Friday, December 16th. Cowen lowered their price objective on shares of Crown Castle from $195.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. Finally, Cowen lowered their price objective on shares of Crown Castle from $195.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.14.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $145.31 on Wednesday. The firm has a market cap of $62.93 billion, a PE ratio of 39.06 and a beta of 0.60. Crown Castle Inc. has a 12-month low of $121.71 and a 12-month high of $199.97. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.69. The company’s fifty day simple moving average is $140.62 and its two-hundred day simple moving average is $151.68.

Crown Castle Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle Inc. (NYSE:CCIGet Rating).

Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

Receive News & Ratings for Crown Castle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle and related companies with MarketBeat.com's FREE daily email newsletter.