Rep. Gilbert Ray Cisneros, Jr. Buys Crown Castle Inc. (NYSE:CCI) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Crown Castle Inc. (NYSE:CCI). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Crown Castle stock on January 24th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.

Crown Castle Price Performance

Shares of Crown Castle stock traded down $1.72 during midday trading on Friday, hitting $88.15. 3,411,339 shares of the company were exchanged, compared to its average volume of 2,827,630. 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 market cap of $38.31 billion, a P/E ratio of 31.26 and a beta of 0.88. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a 50 day simple moving average of $90.70 and a 200-day simple moving average of $103.78.

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Institutional Investors Weigh In On Crown Castle

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Crown Castle in the fourth quarter valued at about $561,714,000. Vanguard Group Inc. grew its stake in Crown Castle by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock valued at $5,672,451,000 after acquiring an additional 5,934,615 shares during the period. Wellington Management Group LLP grew its stake in Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust's stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Crown Castle by 433.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust's stock valued at $470,838,000 after acquiring an additional 3,225,460 shares during the period. Finally, National Bank of Canada FI grew its stake in Crown Castle by 37.3% in the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust's stock valued at $525,849,000 after acquiring an additional 1,573,043 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCI. Scotiabank cut their price objective on Crown Castle from $118.00 to $102.00 and set a "sector perform" rating for the company in a research report on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their price objective on Crown Castle from $104.00 to $109.00 and gave the company a "sector perform" rating in a research report on Monday, October 28th. Jefferies Financial Group downgraded Crown Castle from a "buy" rating to a "hold" rating and cut their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, Barclays raised Crown Castle from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.75.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.