Moloney Securities Asset Management LLC Sells 198 Shares of Crown Castle Inc. (NYSE:CCI)

Moloney Securities Asset Management LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,767 shares of the real estate investment trust’s stock after selling 198 shares during the period. Moloney Securities Asset Management LLC’s holdings in Crown Castle were worth $1,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCI. AMF Tjanstepension AB boosted its stake in Crown Castle by 11.7% during the third quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock valued at $19,835,000 after buying an additional 17,524 shares during the period. Diversified Trust Co purchased a new stake in Crown Castle in the third quarter valued at approximately $260,000. Atomi Financial Group Inc. bought a new stake in Crown Castle during the third quarter valued at approximately $334,000. Daymark Wealth Partners LLC purchased a new position in Crown Castle in the 3rd quarter worth approximately $282,000. Finally, Marcum Wealth LLC bought a new position in shares of Crown Castle in the 3rd quarter worth $219,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CCI. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. TD Cowen reduced their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” 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 issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.13.

Crown Castle Price Performance

Shares of NYSE CCI opened at $89.57 on Friday. 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 $84.20 and a 1 year high of $120.92. The company’s 50-day moving average is $92.10 and its 200 day moving average is $104.38. The stock has a market capitalization of $38.93 billion, a P/E ratio of 31.76 and a beta of 0.88.

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.