Miller Howard Investments Inc. NY Lowers Holdings in Crown Castle Inc. (NYSE:CCI)

Miller Howard Investments Inc. NY reduced its stake in shares of Crown Castle Inc. (NYSE:CCI) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,995 shares of the real estate investment trust’s stock after selling 5,180 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Crown Castle were worth $3,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its stake in Crown Castle by 13.0% during the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 90 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in shares of Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 100 shares during the last quarter. Tsfg LLC lifted its position in shares of Crown Castle by 27.5% in the third quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 117 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Crown Castle by 1.8% in the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock worth $777,000 after buying an additional 117 shares in the last quarter. Finally, New Century Financial Group LLC boosted its stake in Crown Castle by 4.8% during the third quarter. New Century Financial Group LLC now owns 2,645 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 122 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI opened at $89.57 on Friday. The business has a fifty day moving average of $92.10 and a 200 day moving average of $104.38. The stock has a market cap of $38.93 billion, a P/E ratio of 31.76 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group lifted their price objective on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company lowered 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 report on Thursday, January 23rd. Moffett Nathanson reduced their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Company Profile

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.