Savant Capital LLC Buys 450 Shares of Crown Castle Inc. (NYSE:CCI)

Savant Capital LLC grew its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 12.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,051 shares of the real estate investment trust’s stock after buying an additional 450 shares during the period. Savant Capital LLC’s holdings in Crown Castle were worth $368,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Malaga Cove Capital LLC grew its position in shares of Crown Castle by 1.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 100 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Crown Castle by 1.8% during the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock valued at $777,000 after buying an additional 117 shares during the last quarter. New Century Financial Group LLC raised its position in Crown Castle by 4.8% during the third quarter. New Century Financial Group LLC now owns 2,645 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 122 shares during the period. Napa Wealth Management raised its holdings in shares of Crown Castle by 4.6% in the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 122 shares during the period. Finally, Leo Wealth LLC increased its holdings in Crown Castle by 0.3% during the 3rd quarter. Leo Wealth LLC now owns 35,763 shares of the real estate investment trust’s stock worth $4,243,000 after purchasing an additional 123 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Citigroup cut 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, February 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Trading Down 1.9 %

CCI opened at $88.15 on Tuesday. 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 stock has a market capitalization of $38.31 billion, a PE ratio of 31.26 and a beta of 0.88. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a 50-day moving average price of $90.70 and a two-hundred day moving average price of $103.73.

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.