Venturi Wealth Management LLC Purchases 1,283 Shares of Crown Castle Inc. (NYSE:CCI)

Venturi Wealth Management LLC raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 3,207.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,323 shares of the real estate investment trust’s stock after buying an additional 1,283 shares during the quarter. Venturi Wealth Management LLC’s holdings in Crown Castle were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CCI. Catalyst Capital Advisors LLC purchased a new position in shares of Crown Castle during the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Crown Castle during the 3rd quarter valued at about $47,000. FNY Investment Advisers LLC lifted its position in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of Crown Castle during the 4th quarter valued at about $37,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCI. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Crown Castle currently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Performance

NYSE CCI opened at $92.21 on Friday. The company has a market cap of $40.07 billion, a P/E ratio of 32.70 and a beta of 0.88. 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 business’s 50 day moving average price is $89.75 and its 200-day moving average price is $103.00. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

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.