E. Ohman J or Asset Management AB Purchases 1,700 Shares of Crown Castle Inc. (NYSE:CCI)

E. Ohman J or Asset Management AB raised its position in Crown Castle Inc. (NYSE:CCIFree Report) by 9.4% in the 4th quarter, Holdings Channel reports. The firm owned 19,800 shares of the real estate investment trust’s stock after buying an additional 1,700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Crown Castle were worth $1,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in Crown Castle during the third quarter worth about $25,000. Rosenberg Matthew Hamilton boosted its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle in the third quarter worth approximately $47,000. Finally, Friedenthal Financial purchased a new stake in Crown Castle in the third quarter valued at approximately $50,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCI has been the topic of several research reports. Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Scotiabank reduced their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Finally, JMP Securities initiated coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.13.

View Our Latest Report on Crown Castle

Crown Castle Trading Down 0.8 %

NYSE CCI opened at $88.62 on Wednesday. The stock has a market cap of $38.51 billion, a P/E ratio of 31.42 and a beta of 0.88. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock has a 50 day simple moving average of $93.45 and a two-hundred day simple moving average of $104.80. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Company 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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