Crown Castle Inc. (NYSE:CCI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,294 shares of the real estate investment trust’s stock after purchasing an additional 2,452 shares during the period. Empowered Funds LLC’s holdings in Crown Castle were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton raised its position in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle in the 3rd quarter worth approximately $47,000. Finally, Investors Research Corp grew its position in Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CCI shares. Deutsche Bank Aktiengesellschaft decreased their price target 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. Royal Bank of Canada raised their target price on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Citigroup dropped their price target on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Down 1.9 %

CCI opened at $88.15 on Monday. The company has a fifty day moving average of $90.70 and a two-hundred day moving average of $103.78. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 31.26 and a beta of 0.88. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Company 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.