Empowered Funds LLC Increases Position in Crown Castle Inc. (NYSE:CCI)

Empowered Funds LLC grew its holdings in Crown Castle Inc. (NYSE:CCI) by 19.1% during the fourth quarter, HoldingsChannel reports. The firm owned 15,294 shares of the real estate investment trust’s stock after acquiring 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 reporting period.

A number of other institutional investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle in the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its holdings in 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 buying an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle in the 3rd quarter worth $47,000. FNY Investment Advisers LLC increased its stake 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 worth $36,000 after acquiring an additional 300 shares during the last quarter. Finally, Investors Research Corp raised its holdings 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 during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCI shares. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut 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. Citigroup reduced their price target on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Scotiabank reduced their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Price Performance

CCI opened at $88.15 on Monday. The firm has a market cap of $38.31 billion, a price-to-earnings ratio of 31.26 and a beta of 0.88. 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’s 50-day moving average price is $90.70 and its 200 day moving average price is $103.78. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Crown Castle 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.