Leo Wealth LLC Lowers Stake in Crown Castle Inc. (NYSE:CCI)

Leo Wealth LLC cut its stake in Crown Castle Inc. (NYSE:CCI) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,621 shares of the real estate investment trust’s stock after selling 1,142 shares during the period. Leo Wealth LLC’s holdings in Crown Castle were worth $3,142,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CCI. AMF Tjanstepension AB boosted its stake in shares of Crown Castle by 11.7% in the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock valued at $19,835,000 after purchasing an additional 17,524 shares in the last quarter. Czech National Bank boosted its position in Crown Castle by 6.9% during the third quarter. Czech National Bank now owns 88,525 shares of the real estate investment trust’s stock valued at $10,502,000 after buying an additional 5,723 shares during the period. Diversified Trust Co purchased a new stake in Crown Castle during the third quarter valued at about $260,000. Atomi Financial Group Inc. bought a new position in shares of Crown Castle during the third quarter valued at about $334,000. Finally, Brookstone Capital Management increased its holdings in shares of Crown Castle by 0.5% in the third quarter. Brookstone Capital Management now owns 93,957 shares of the real estate investment trust’s stock worth $11,146,000 after buying an additional 462 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Citigroup set a $128.00 price target on Crown Castle in a research report on Thursday, October 17th. Finally, Scotiabank cut their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Stock Up 0.4 %

CCI opened at $90.22 on Friday. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 31.99 and a beta of 0.88. The firm has a 50 day moving average price of $92.76 and a 200-day moving average price of $104.58. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Company 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.