Crown Castle Inc. (NYSE:CCI) Shares Purchased by 1834 Investment Advisors Co.

1834 Investment Advisors Co. grew its stake in Crown Castle Inc. (NYSE:CCI) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,592 shares of the real estate investment trust’s stock after purchasing an additional 1,058 shares during the period. Crown Castle makes up about 1.1% of 1834 Investment Advisors Co.’s holdings, making the stock its 18th largest holding. 1834 Investment Advisors Co.’s holdings in Crown Castle were worth $9,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCI. Vanguard Group Inc. increased its stake in Crown Castle by 1.2% during the first quarter. Vanguard Group Inc. now owns 56,609,569 shares of the real estate investment trust’s stock worth $5,990,991,000 after acquiring an additional 673,243 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Crown Castle by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock worth $603,518,000 after acquiring an additional 67,072 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Crown Castle by 10.7% in the 2nd quarter. National Bank of Canada FI now owns 4,035,561 shares of the real estate investment trust’s stock worth $387,333,000 after acquiring an additional 391,127 shares during the last quarter. ClearBridge Investments Ltd boosted its position in shares of Crown Castle by 19.4% during the first quarter. ClearBridge Investments Ltd now owns 2,632,855 shares of the real estate investment trust’s stock worth $278,635,000 after buying an additional 428,597 shares during the period. Finally, Cooke & Bieler LP grew its stake in shares of Crown Castle by 95.8% in the second quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock valued at $251,962,000 after buying an additional 1,261,536 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Up 0.3 %

CCI stock opened at $108.71 on Wednesday. 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 company has a market cap of $47.25 billion, a price-to-earnings ratio of 38.55 and a beta of 0.86. Crown Castle Inc. has a 12 month low of $92.48 and a 12 month high of $120.92. The company has a fifty day moving average price of $113.59 and a 200 day moving average price of $106.11.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 earnings per share. Sell-side analysts expect that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of research analyst reports. Barclays raised their target price on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. UBS Group lifted their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Citigroup set a $128.00 target price on shares of Crown Castle in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group lifted their target price on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.87.

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.