Atria Investments Inc Decreases Stake in Crown Castle Inc. $CCI

Atria Investments Inc cut its stake in Crown Castle Inc. (NYSE:CCI) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,872 shares of the real estate investment trust’s stock after selling 6,089 shares during the period. Atria Investments Inc’s holdings in Crown Castle were worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in shares of Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 98 shares during the last quarter. Whittier Trust Co. raised its stake in Crown Castle by 5.6% in the 2nd quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 109 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Crown Castle by 24.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 116 shares during the period. NewSquare Capital LLC grew its stake in Crown Castle by 74.5% during 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. Finally, Bogart Wealth LLC increased its holdings in shares of Crown Castle by 55.5% in the second quarter. Bogart Wealth LLC now owns 339 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCI shares. UBS Group decreased their target price on Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 29th. Scotiabank decreased their price objective on shares of Crown Castle from $96.00 to $94.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. Wolfe Research lowered shares of Crown Castle from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company reduced their target price on shares of Crown Castle from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.61.

Crown Castle Trading Up 3.1%

Shares of Crown Castle stock opened at $90.55 on Monday. Crown Castle Inc. has a twelve month low of $77.01 and a twelve month high of $115.76. The firm has a market capitalization of $39.43 billion, a PE ratio of 89.66, a P/E/G ratio of 0.46 and a beta of 0.96. The firm’s 50-day moving average price is $87.26 and its 200 day moving average price is $92.87.

About Crown Castle

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.