Stratos Wealth Advisors LLC lifted its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,562 shares of the real estate investment trust’s stock after purchasing an additional 100 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in CROWN CASTLE IN/SH SH were worth $328,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CCI. Lenox Wealth Management Inc. grew its holdings in CROWN CASTLE IN/SH SH by 2,222.2% during the first quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 200 shares during the period. CX Institutional grew its holdings in CROWN CASTLE IN/SH SH by 160.7% during the first quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 143 shares during the period. Capital Investment Advisory Services LLC acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth $26,000. Truewealth LLC grew its holdings in CROWN CASTLE IN/SH SH by 48.0% during the first quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 83 shares during the period. Finally, Covington Capital Management acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth $29,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
CROWN CASTLE IN/SH SH stock traded down $0.26 during trading hours on Friday, hitting $127.27. The stock had a trading volume of 407,255 shares, compared to its average volume of 1,465,749. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $52.88 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40. CROWN CASTLE IN/SH SH has a 1-year low of $99.99 and a 1-year high of $130.60.
A number of research analysts recently weighed in on the company. Wells Fargo & Co upped their price objective on CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. UBS Group lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a report on Thursday, April 11th. Guggenheim lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a report on Friday, April 12th. They noted that the move was a valuation call. Finally, Deutsche Bank lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a report on Monday, March 18th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $122.50.
In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $120.06, for a total value of $300,150.00. Following the sale, the senior vice president now owns 38,471 shares of the company’s stock, valued at $4,618,828.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Landis Martin bought 18,350 shares of the stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost of $123.13 per share, for a total transaction of $2,259,435.50. Following the acquisition, the director now directly owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.
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About CROWN CASTLE IN/SH SH
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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