Long Run Wealth Advisors LLC Boosts Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Long Run Wealth Advisors LLC lifted its stake in Crown Castle Inc. (NYSE:CCI) by 15.4% in the third quarter, HoldingsChannel reports. The firm owned 11,897 shares of the real estate investment trust’s stock after acquiring an additional 1,584 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Crown Castle were worth $1,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle during the third quarter worth about $25,000. EntryPoint Capital LLC acquired a new position in Crown Castle during the 1st quarter worth approximately $27,000. Rosenberg Matthew Hamilton increased its position in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares during the last quarter. Asset Dedication LLC raised its holdings in shares of Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 167 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its position in shares of Crown Castle by 163.9% during the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 177 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Up 0.3 %

Crown Castle stock opened at $108.71 on Wednesday. The stock’s 50 day moving average price is $113.59 and its 200 day moving average price is $106.11. The company has a market cap of $47.25 billion, a PE ratio of 38.55 and a beta of 0.86. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1-year low of $92.48 and a 1-year high of $120.92.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CCI. The Goldman Sachs Group raised their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. BMO Capital Markets raised their price objective on Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, July 18th. Royal Bank of Canada lifted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Bank of America raised their price target on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.87.

About Crown Castle

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.