Sanctuary Advisors LLC Reduces Holdings in Crown Castle Inc. (NYSE:CCI)

Sanctuary Advisors LLC cut its stake in Crown Castle Inc. (NYSE:CCI) by 5.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 72,632 shares of the real estate investment trust’s stock after selling 4,565 shares during the quarter. Sanctuary Advisors LLC’s holdings in Crown Castle were worth $6,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Crown Castle by 10.1% in the 4th quarter. Principal Financial Group Inc. now owns 601,740 shares of the real estate investment trust’s stock valued at $54,614,000 after purchasing an additional 55,117 shares during the period. Allworth Financial LP boosted its holdings in shares of Crown Castle by 1,522.1% in the fourth quarter. Allworth Financial LP now owns 60,408 shares of the real estate investment trust’s stock valued at $5,342,000 after acquiring an additional 56,684 shares during the period. Roxbury Financial LLC purchased a new position in shares of Crown Castle during the fourth quarter worth approximately $37,000. ABC Arbitrage SA acquired a new position in shares of Crown Castle in the 4th quarter valued at $1,394,000. Finally, Valeo Financial Advisors LLC raised its position in Crown Castle by 79.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 10,857 shares of the real estate investment trust’s stock valued at $985,000 after purchasing an additional 4,807 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of several research reports. Citigroup lowered their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective for the company. Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Down 0.0 %

Shares of NYSE CCI opened at $89.27 on Thursday. The stock has a market capitalization of $38.80 billion, a price-to-earnings ratio of 31.65 and a beta of 0.88. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a 50-day moving average price of $90.00 and a 200 day moving average price of $103.28. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

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.