Crown Castle Inc. (NYSE:CCI) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,733 shares of the real estate investment trust’s stock after selling 756 shares during the quarter. Vontobel Holding Ltd.’s holdings in Crown Castle were worth $430,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CCI. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle during the 3rd quarter worth $25,000. Rosenberg Matthew Hamilton boosted its stake in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Crown Castle during the 3rd quarter worth $47,000. FNY Investment Advisers LLC boosted its stake in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 300 shares in the last quarter. Finally, Investors Research Corp boosted its stake in shares of 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 acquiring an additional 154 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $91.29 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The business has a fifty day simple moving average of $89.85 and a 200 day simple moving average of $103.20. The firm has a market cap of $39.67 billion, a price-to-earnings ratio of 32.37 and a beta of 0.88.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price objective 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. Wells Fargo & Company decreased their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research 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 report on Monday, October 28th. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.75.

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.