Crown Castle Inc. (NYSE:CCI) Shares Sold by Vanderbilt University

Vanderbilt University decreased its stake in Crown Castle Inc. (NYSE:CCI) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,406 shares of the real estate investment trust’s stock after selling 4,978 shares during the period. Vanderbilt University’s holdings in Crown Castle were worth $2,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its stake in Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Crown Castle during the third quarter worth $47,000. Finally, Friedenthal Financial acquired a new stake in Crown Castle in the third quarter valued at $50,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 1.5 %

Shares of CCI stock opened at $89.85 on Thursday. The firm’s 50-day simple moving average is $93.10 and its 200-day simple moving average is $104.69. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market cap of $39.05 billion, a P/E ratio of 31.86 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Moffett Nathanson cut their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their target price on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $110.13.

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.