Deutsche Bank AG cut its holdings in shares of Crown Castle Inc. (NYSE:CCI – Free 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
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
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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