Penserra Capital Management LLC reduced its position in Crown Castle Inc. (NYSE:CCI – Free Report) by 97.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,410 shares of the real estate investment trust’s stock after selling 83,179 shares during the period. Penserra Capital Management LLC’s holdings in Crown Castle were worth $232,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in Crown Castle in the second quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Crown Castle during the 2nd quarter valued at $27,000. NewSquare Capital LLC lifted its stake in shares of Crown Castle by 74.5% in the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares during the last quarter. LRI Investments LLC bought a new stake in Crown Castle in the third quarter worth $29,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Crown Castle by 47.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.
Crown Castle News Summary
Here are the key news stories impacting Crown Castle this week:
- Positive Sentiment: Q4 results beat estimates — Crown Castle topped AFFO/FFO and revenue consensus (FFO $1.12 vs. $1.07 estimate) and flagged stronger services revenue growth, which supports near‑term cash flow expectations. Article Title
- Positive Sentiment: Earnings and revenue surprises reinforced by multiple outlets reporting beats — these beats likely underpin buying interest and justify the stock strength despite other headwinds. Article Title
- Neutral Sentiment: Management commentary and investor presentation are available (earnings call transcript & slides); investors should review guidance details and management’s outlook for EBITDA, capital allocation and DISH exposure to assess longer‑term impact. Article Title
- Negative Sentiment: Banks and analysts broadly trimmed price targets this week (examples: Citi to $106 from $110, Goldman to $95 from $105, HSBC to $88.40 from $107, BMO to $91), and several firms moved ratings toward neutral/hold — these cuts signal reduced near‑term upside in street models and are pressuring sentiment. Article Title Article Title
- Negative Sentiment: Management issued softer EBITDA guidance and announced job cuts; media noted the stock dipped on that news — weaker guidance increases execution risk and could limit multiple expansion. Article Title
- Negative Sentiment: External tenant risk remains (reports discuss DISH-related uncertainty/default risk affecting tower demand), a macro/regulatory or tenant‑specific shock could weigh on occupancy and cash flow. Article Title
Crown Castle Stock Up 3.4%
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Zacks Research lowered Crown Castle from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Barclays reissued an “equal weight” rating and issued a $101.00 price objective (down from $104.00) on shares of Crown Castle in a research note on Monday, December 1st. KeyCorp decreased their target price on Crown Castle from $115.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and an average price target of $100.61.
Get Our Latest Stock Report on Crown Castle
Crown Castle Profile
Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.
Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.
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