Breiter Capital Management Inc. Invests $332,000 in CROWN CASTLE IN/SH SH (NYSE:CCI)

Breiter Capital Management Inc. purchased a new position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,337 shares of the real estate investment trust’s stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCI. City Holding Co. raised its position in shares of CROWN CASTLE IN/SH SH by 655.6% during the third quarter. City Holding Co. now owns 204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 177 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in shares of CROWN CASTLE IN/SH SH during the third quarter worth about $32,000. Alpha Windward LLC acquired a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter worth about $43,000. CX Institutional raised its position in shares of CROWN CASTLE IN/SH SH by 34.3% during the third quarter. CX Institutional now owns 317 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in shares of CROWN CASTLE IN/SH SH during the third quarter worth about $46,000. 91.52% of the stock is currently owned by institutional investors.

Shares of NYSE CCI opened at $149.78 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.05. CROWN CASTLE IN/SH SH has a 12 month low of $109.58 and a 12 month high of $150.21. The stock has a 50 day moving average of $140.30 and a 200-day moving average of $138.24. The company has a market capitalization of $61.82 billion, a P/E ratio of 75.65, a P/E/G ratio of 1.58 and a beta of 0.25.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin bought 1,000 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of $130.62 per share, for a total transaction of $130,620.00. Following the purchase, the director now owns 131,617 shares of the company’s stock, valued at approximately $17,191,812.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

CCI has been the topic of several recent analyst reports. Barclays initiated coverage on CROWN CASTLE IN/SH SH in a research report on Thursday, January 16th. They set an “overweight” rating on the stock. UBS Group boosted their price target on CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. ValuEngine lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Wednesday, November 27th. Finally, SunTrust Banks boosted their price target on CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. CROWN CASTLE IN/SH SH has a consensus rating of “Hold” and an average target price of $139.82.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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.

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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