Crown Castle Inc. (NYSE:CCI) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp trimmed its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,812 shares of the real estate investment trust's stock after selling 3,915 shares during the period. MADDEN SECURITIES Corp's holdings in Crown Castle were worth $709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCI. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle in the 3rd quarter worth $25,000. Rosenberg Matthew Hamilton increased its stake in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of Crown Castle by 300.0% in the 4th 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. purchased a new stake in shares of Crown Castle in the 3rd quarter worth $47,000. Finally, Friedenthal Financial purchased a new stake in shares of Crown Castle in the 3rd quarter worth $50,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCI. Barclays upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Scotiabank cut their price target on Crown Castle from $118.00 to $102.00 and set a "sector perform" rating for the company in a research note on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Moffett Nathanson cut their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of "Hold" and a consensus target price of $108.75.

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Crown Castle Trading Down 1.9 %

Shares of NYSE:CCI traded down $1.72 during trading on Friday, reaching $88.15. 3,411,339 shares of the company were exchanged, compared to its average volume of 2,766,238. The firm has a market capitalization of $38.31 billion, a PE ratio of 31.26 and a beta of 0.88. The business's fifty day simple moving average is $90.98 and its 200-day simple moving average is $103.95. 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 12-month low of $84.20 and a 12-month high of $120.92.

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.