Catalyst Financial Partners LLC Has $256,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Catalyst Financial Partners LLC lessened its stake in shares of Crown Castle Inc. (NYSE:CCI) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,826 shares of the real estate investment trust’s stock after selling 138 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Crown Castle were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton lifted its stake in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle during the 3rd quarter worth about $47,000. Finally, Friedenthal Financial acquired a new stake in shares of Crown Castle during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CCI shares. Citigroup dropped their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank dropped their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped 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 equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.75.

Crown Castle Trading Down 1.9 %

Shares of Crown Castle stock opened at $88.15 on Friday. The firm has a market capitalization of $38.31 billion, a PE ratio of 31.26 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm’s 50 day moving average is $90.98 and its 200 day moving average is $103.95. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

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.