Miller Howard Investments Inc. NY Sells 5,180 Shares of Crown Castle Inc. (NYSE:CCI)

Miller Howard Investments Inc. NY decreased its position in Crown Castle Inc. (NYSE:CCI) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,995 shares of the real estate investment trust’s stock after selling 5,180 shares during the period. Miller Howard Investments Inc. NY’s holdings in Crown Castle were worth $3,721,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CCI. Stephens Inc. AR grew its holdings in shares of Crown Castle by 0.7% during the fourth quarter. Stephens Inc. AR now owns 76,194 shares of the real estate investment trust’s stock valued at $6,915,000 after buying an additional 546 shares during the last quarter. Empowered Funds LLC lifted its position in Crown Castle by 19.1% in the 4th quarter. Empowered Funds LLC now owns 15,294 shares of the real estate investment trust’s stock valued at $1,388,000 after acquiring an additional 2,452 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Crown Castle by 25.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 11,002 shares of the real estate investment trust’s stock valued at $999,000 after purchasing an additional 2,251 shares during the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 137 shares in the last quarter. Finally, Realta Investment Advisors purchased a new position in shares of Crown Castle in the fourth quarter worth $62,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCI shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. TD Cowen lowered their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. JMP Securities assumed coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Scotiabank decreased their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Trading Down 0.7 %

Crown Castle stock opened at $89.57 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a market capitalization of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88. The firm has a 50 day moving average of $92.10 and a 200 day moving average of $104.38.

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.