Crown Castle Inc. $CCI Shares Bought by Compass Wealth Management LLC

Compass Wealth Management LLC grew its stake in Crown Castle Inc. (NYSE:CCI) by 10.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,373 shares of the real estate investment trust’s stock after purchasing an additional 6,093 shares during the period. Compass Wealth Management LLC’s holdings in Crown Castle were worth $6,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Winnow Wealth LLC acquired a new stake in shares of Crown Castle in the 2nd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Crown Castle during the second quarter worth about $27,000. NewSquare Capital LLC raised its stake in Crown Castle by 74.5% during the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Crown Castle by 47.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 98 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $86.36 on Friday. The firm has a market capitalization of $37.61 billion, a PE ratio of 85.50, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. Crown Castle Inc. has a 1 year low of $77.01 and a 1 year high of $115.76. The firm’s 50-day moving average is $87.12 and its two-hundred day moving average is $92.58.

Analysts Set New Price Targets

Several research firms have recently commented on CCI. BMO Capital Markets reduced their price target on shares of Crown Castle from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 29th. Wolfe Research lowered Crown Castle from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. KeyCorp cut their price objective on Crown Castle from $115.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Wells Fargo & Company decreased their target price on shares of Crown Castle from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Crown Castle has an average rating of “Hold” and an average price target of $100.02.

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.