Aptus Capital Advisors LLC Acquires New Position in Crown Castle Inc. (NYSE:CCI)

Aptus Capital Advisors LLC acquired a new position in Crown Castle Inc. (NYSE:CCIFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,897 shares of the real estate investment trust’s stock, valued at approximately $267,000.

Several other large investors have also added to or reduced their stakes in CCI. Riverview Trust Co raised its stake in shares of Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Union Savings Bank acquired a new position in Crown Castle during the second quarter worth $27,000. ST Germain D J Co. Inc. bought a new stake in Crown Castle during the second quarter worth $27,000. West Tower Group LLC acquired a new stake in Crown Castle in the second quarter valued at $28,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of Crown Castle in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 90.27% of the company’s stock.

Crown Castle Trading Up 0.8 %

CCI opened at $108.40 on Monday. The firm has a market capitalization of $47.01 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.88 and a beta of 0.74. Crown Castle Inc. has a fifty-two week low of $84.72 and a fifty-two week high of $142.85. The company’s 50 day moving average price is $112.37 and its two-hundred day moving average price is $103.38. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.40 and a quick ratio of 0.44.

Analysts Set New Price Targets

CCI has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of Crown Castle from an “underperform” rating to a “market perform” rating and upped their target price for the company from $107.00 to $110.00 in a report on Friday, January 19th. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $90.00 to $115.00 in a research note on Tuesday, December 5th. HSBC initiated coverage on shares of Crown Castle in a research report on Thursday, December 14th. They set a “hold” rating and a $110.00 price objective for the company. Raymond James dropped their price objective on shares of Crown Castle from $126.00 to $104.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, Citigroup cut their target price on shares of Crown Castle from $138.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $120.73.

View Our Latest Stock Report on Crown Castle

Insiders Place Their Bets

In related news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $114.16, for a total value of $171,240.00. Following the sale, the vice president now directly owns 10,035 shares in the company, valued at $1,145,595.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Crown Castle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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