Crown Castle Inc. $CCI Shares Purchased by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership raised its holdings in Crown Castle Inc. (NYSE:CCI) by 25.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 103,407 shares of the real estate investment trust’s stock after acquiring an additional 21,194 shares during the period. Crown Castle accounts for about 1.5% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 29th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Crown Castle were worth $9,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. Winnow Wealth LLC purchased a new stake in Crown Castle in the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Crown Castle in the second quarter worth approximately $27,000. NewSquare Capital LLC grew its holdings in Crown Castle by 74.5% in the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Creative Financial Designs Inc. ADV increased its position in Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 98 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in Crown Castle during the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 2.7%

Shares of NYSE:CCI opened at $83.10 on Tuesday. Crown Castle Inc. has a 52-week low of $77.01 and a 52-week high of $115.76. The company has a 50 day moving average of $87.37 and a two-hundred day moving average of $93.49. The company has a market capitalization of $36.19 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 0.41 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCI shares. BMO Capital Markets lowered their price objective on shares of Crown Castle from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada dropped their price target on Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Barclays reaffirmed an “equal weight” rating and issued a $101.00 price objective (down from $104.00) on shares of Crown Castle in a research note on Monday, December 1st. HSBC dropped their target price on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research report on Thursday, February 5th. Finally, Wolfe Research cut shares of Crown Castle from a “strong-buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.61.

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.