ANTIPODES PARTNERS Ltd Takes Position in Crown Castle Inc. $CCI

ANTIPODES PARTNERS Ltd purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,261,442 shares of the real estate investment trust’s stock, valued at approximately $121,726,000. Crown Castle accounts for 2.7% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 14th largest position. ANTIPODES PARTNERS Ltd owned 0.29% of Crown Castle as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC acquired a new position in Crown Castle during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Crown Castle in the 2nd quarter valued at about $27,000. NewSquare Capital LLC raised its holdings 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 worth $29,000 after acquiring an additional 120 shares during the last quarter. LRI Investments LLC bought a new stake in Crown Castle in the 3rd quarter worth about $29,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Crown Castle by 47.8% during the 2nd 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 during the period. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCI has been the topic of several recent research reports. HSBC dropped their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group dropped their target price on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Jefferies Financial Group decreased their price target on Crown Castle from $90.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a report on Monday, December 29th. Finally, Scotiabank decreased their price target on shares of Crown Castle from $96.00 to $94.00 and set a “sector perform” 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.02.

Crown Castle Stock Performance

NYSE CCI opened at $88.02 on Friday. Crown Castle Inc. has a 52-week low of $77.01 and a 52-week high of $115.76. The firm’s 50 day moving average price is $87.06 and its 200-day moving average price is $92.45. The company has a market cap of $38.33 billion, a PE ratio of 87.15, a P/E/G ratio of 0.44 and a beta of 0.96.

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.