Yousif Capital Management LLC Has $6.52 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

Yousif Capital Management LLC lessened its position in Crown Castle Inc. (NYSE:CCI) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 71,816 shares of the real estate investment trust’s stock after selling 2,456 shares during the period. Yousif Capital Management LLC’s holdings in Crown Castle were worth $6,518,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after buying an additional 3,371,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Crown Castle by 433.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock worth $470,838,000 after acquiring an additional 3,225,460 shares during the last quarter. International Assets Investment Management LLC lifted its position in Crown Castle by 13,271.6% in the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after acquiring an additional 965,907 shares in the last quarter. State Street Corp boosted its stake in Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after purchasing an additional 747,390 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Crown Castle by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock worth $375,610,000 after purchasing an additional 642,010 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. UBS Group lifted their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Scotiabank lowered their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Hold” and a consensus price target of $110.13.

Crown Castle Stock Performance

Shares of CCI opened at $90.22 on Friday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock’s fifty day moving average price is $92.76 and its two-hundred day moving average price is $104.58. The firm has a market cap of $39.21 billion, a PE ratio of 31.99 and a beta of 0.88.

About Crown Castle

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.