Yousif Capital Management LLC Sells 2,456 Shares of Crown Castle Inc. (NYSE:CCI)

Yousif Capital Management LLC lessened its holdings in Crown Castle Inc. (NYSE:CCI) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,816 shares of the real estate investment trust’s stock after selling 2,456 shares during the period. Yousif Capital Management LLC’s holdings in Crown Castle were worth $6,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. E. Ohman J or Asset Management AB grew its holdings in shares of Crown Castle by 9.4% during the 4th quarter. E. Ohman J or Asset Management AB now owns 19,800 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 1,700 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in Crown Castle by 9.7% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,693 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 149 shares in the last quarter. abrdn plc grew its stake in shares of Crown Castle by 5.5% during the fourth quarter. abrdn plc now owns 1,257,526 shares of the real estate investment trust’s stock worth $113,970,000 after buying an additional 66,012 shares during the last quarter. Golden State Equity Partners increased its holdings in shares of Crown Castle by 47.9% during the fourth quarter. Golden State Equity Partners now owns 5,580 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 1,808 shares in the last quarter. Finally, Avantra Family Wealth Inc. bought a new position in shares of Crown Castle in the 4th quarter valued at $239,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities initiated coverage on Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. 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. Finally, Wells Fargo & Company reduced their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.13.

Crown Castle Price Performance

Shares of CCI opened at $90.22 on Friday. The firm has a market cap of $39.21 billion, a PE ratio of 31.99 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 company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day moving average price is $92.76 and its two-hundred day moving average price is $104.58.

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.