CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,390 shares of the real estate investment trust’s stock after selling 103 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in CROWN CASTLE IN/SH SH were worth $908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CCI. Municipal Employees Retirement System of Michigan increased its holdings in CROWN CASTLE IN/SH SH by 0.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 17,780 shares of the real estate investment trust’s stock worth $2,472,000 after buying an additional 80 shares during the period. CX Institutional increased its holdings in CROWN CASTLE IN/SH SH by 34.3% in the 3rd quarter. CX Institutional now owns 317 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 81 shares during the period. Massey Quick Simon & CO. LLC increased its holdings in CROWN CASTLE IN/SH SH by 0.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 14,771 shares of the real estate investment trust’s stock worth $2,053,000 after buying an additional 104 shares during the period. Bogart Wealth LLC increased its holdings in CROWN CASTLE IN/SH SH by 0.5% in the 3rd quarter. Bogart Wealth LLC now owns 21,132 shares of the real estate investment trust’s stock worth $2,938,000 after buying an additional 106 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in CROWN CASTLE IN/SH SH by 5.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 2,062 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

CROWN CASTLE IN/SH SH stock traded down $0.49 during mid-day trading on Friday, hitting $149.34. The company had a trading volume of 31,542 shares, compared to its average volume of 1,477,530. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.05. CROWN CASTLE IN/SH SH has a 12-month low of $109.58 and a 12-month high of $150.21. The company’s fifty day moving average is $140.30 and its 200-day moving average is $138.24. The company has a market capitalization of $61.82 billion, a price-to-earnings ratio of 75.54, a P/E/G ratio of 1.58 and a beta of 0.25.

In related news, Director J Landis Martin acquired 1,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of $130.62 per share, for a total transaction of $130,620.00. Following the transaction, the director now owns 131,617 shares in the company, valued at approximately $17,191,812.54. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Several equities analysts recently weighed in on CCI shares. UBS Group increased their price target on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. SunTrust Banks increased their price target on shares of CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 18th. ValuEngine downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays started coverage on shares of CROWN CASTLE IN/SH SH in a report on Thursday, January 16th. They issued an “overweight” rating on the stock. Finally, Zacks Investment Research upgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $139.82.

CROWN CASTLE IN/SH SH Company Profile

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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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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