Stratos Wealth Partners LTD. Decreases Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Stratos Wealth Partners LTD. trimmed its holdings in Crown Castle Inc. (NYSE:CCI) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,510 shares of the real estate investment trust’s stock after selling 1,015 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Crown Castle were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton increased its holdings 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 worth $31,000 after buying an additional 136 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $47,000. FNY Investment Advisers LLC increased its holdings in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Finally, Investors Research Corp increased its holdings in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 154 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCI has been the subject of several research reports. Moffett Nathanson dropped their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. TD Cowen dropped their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on shares of 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 shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle has an average rating of “Hold” and an average price target of $110.13.

Crown Castle Price Performance

Shares of CCI opened at $89.81 on Thursday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $39.03 billion, a PE ratio of 31.85 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a fifty day moving average price of $91.51 and a 200 day moving average price of $104.15.

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.