Crown Castle Inc. (NYSE:CCI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of Crown Castle Inc. (NYSE:CCIFree Report) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,252,732 shares of the real estate investment trust’s stock after selling 1,803,031 shares during the period. Deutsche Bank AG owned 0.98% of Crown Castle worth $391,379,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Riverview Trust Co grew its position in 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 during the last quarter. Union Savings Bank purchased a new stake in shares of Crown Castle in the second quarter valued at about $27,000. ST Germain D J Co. Inc. acquired a new stake in shares of Crown Castle during the second quarter worth about $27,000. West Tower Group LLC purchased a new position in shares of Crown Castle during the second quarter worth about $28,000. Finally, Almanack Investment Partners LLC. acquired a new position in Crown Castle in the 3rd quarter valued at about $28,000. 90.27% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

CCI stock opened at $108.40 on Monday. The firm has a 50 day moving average of $112.37 and a 200-day moving average of $103.38. The company has a market cap of $47.01 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.88 and a beta of 0.74. The company has a current ratio of 0.40, a quick ratio of 0.44 and a debt-to-equity ratio of 3.46. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $142.85.

Analysts Set New Price Targets

Several research analysts have weighed in on CCI shares. Citigroup lowered their target price on Crown Castle from $138.00 to $126.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. HSBC started coverage on Crown Castle in a report on Thursday, December 14th. They set a “hold” rating and a $110.00 price target 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 note on Friday, October 20th. BMO Capital Markets upgraded shares of Crown Castle from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $107.00 to $110.00 in a research note on Friday, January 19th. Finally, Royal Bank of Canada lowered shares of Crown Castle from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $125.00 to $100.00 in a research note on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and a consensus price target of $120.73.

View Our Latest Research Report on CCI

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $114.16, for a total transaction of $171,240.00. Following the completion of the transaction, the vice president now owns 10,035 shares of the company’s stock, valued at approximately $1,145,595.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by company insiders.

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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