TCW Group Inc. Has $4.69 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

TCW Group Inc. lessened its holdings in Crown Castle Inc. (NYSE:CCI) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,706 shares of the real estate investment trust’s stock after selling 3,294 shares during the quarter. TCW Group Inc.’s holdings in Crown Castle were worth $4,693,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CCI. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle during the 3rd quarter worth $25,000. Rosenberg Matthew Hamilton raised its stake in Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle in the third quarter worth about $47,000. FNY Investment Advisers LLC boosted its stake in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Crown Castle during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Up 1.1 %

Shares of NYSE CCI opened at $92.21 on Monday. The firm has a market cap of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. The company’s fifty day simple moving average is $89.75 and its 200 day simple moving average is $102.94. The company has a quick ratio of 0.54, a current 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Royal Bank of Canada boosted their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and reduced their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Scotiabank dropped their price target 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 assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average price target of $108.75.

Crown Castle Company Profile

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.