Crown Castle Inc. (NYSE:CCI) Stock Holdings Lessened by Mather Group LLC.

Mather Group LLC. reduced its holdings in Crown Castle Inc. (NYSE:CCI) by 22.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 872 shares of the real estate investment trust’s stock after selling 259 shares during the quarter. Mather Group LLC.’s holdings in Crown Castle were worth $79,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its position in Crown Castle by 3.7% in the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after purchasing an additional 747,390 shares during the last quarter. Wellington Management Group LLP lifted its position in Crown Castle by 23.8% in the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after purchasing an additional 3,371,186 shares during the last quarter. Geode Capital Management LLC lifted its position in Crown Castle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after purchasing an additional 151,990 shares during the last quarter. Barclays PLC lifted its position in Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after purchasing an additional 348,296 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after purchasing an additional 203,442 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

CCI stock opened at $89.57 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $38.93 billion, a P/E ratio of 31.76 and a beta of 0.88. The firm has a 50 day simple moving average of $92.43 and a 200 day simple moving average of $104.48. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective 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. Scotiabank cut their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Crown Castle currently has an average rating of “Hold” and a consensus price target 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.