TCW Group Inc. Has $4.69 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

TCW Group Inc. reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,706 shares of the real estate investment trust’s stock after selling 3,294 shares during the quarter. TCW Group Inc.’s holdings in Crown Castle were worth $4,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. AMF Tjanstepension AB increased its holdings in Crown Castle by 11.7% during the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock worth $19,835,000 after purchasing an additional 17,524 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Crown Castle by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 51,962 shares of the real estate investment trust’s stock valued at $6,164,000 after buying an additional 426 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Crown Castle by 3.7% during the third quarter. Assenagon Asset Management S.A. now owns 18,667 shares of the real estate investment trust’s stock worth $2,214,000 after buying an additional 671 shares in the last quarter. Ballentine Partners LLC raised its position in Crown Castle by 6.0% in the 3rd quarter. Ballentine Partners LLC now owns 9,192 shares of the real estate investment trust’s stock valued at $1,090,000 after buying an additional 522 shares during the last quarter. Finally, Joel Isaacson & Co. LLC bought a new position in Crown Castle during the 3rd quarter valued at $232,000. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCI has been the subject of several recent analyst reports. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Citigroup reduced 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 report on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Stock Up 1.1 %

Shares of NYSE CCI opened at $92.21 on Monday. 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 has a market capitalization of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business’s fifty day moving average price is $89.75 and its 200-day moving average price is $102.94.

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.