Crossmark Global Holdings Inc. Reduces Position in CROWN CASTLE IN/SH SH (NYSE:CCI)

Crossmark Global Holdings Inc. decreased its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,706 shares of the real estate investment trust’s stock after selling 232 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $3,654,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCI. M&G Investment Management Ltd. purchased a new stake in shares of CROWN CASTLE IN/SH SH during the fourth quarter worth $69,195,000. Duff & Phelps Investment Management Co. boosted its position in shares of CROWN CASTLE IN/SH SH by 44.4% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,439,600 shares of the real estate investment trust’s stock valued at $204,639,000 after acquiring an additional 442,494 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of CROWN CASTLE IN/SH SH by 10.9% during the 3rd quarter. California Public Employees Retirement System now owns 3,346,532 shares of the real estate investment trust’s stock valued at $465,201,000 after acquiring an additional 329,577 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of CROWN CASTLE IN/SH SH during the 3rd quarter valued at about $27,983,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of CROWN CASTLE IN/SH SH by 1,795.1% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 159,871 shares of the real estate investment trust’s stock valued at $1,902,000 after acquiring an additional 151,435 shares during the last quarter. 91.75% of the stock is owned by institutional investors and hedge funds.

NYSE CCI opened at $165.97 on Friday. The firm’s 50-day moving average is $146.84 and its two-hundred day moving average is $140.46. CROWN CASTLE IN/SH SH has a 12 month low of $117.03 and a 12 month high of $166.40. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $68.15 billion, a P/E ratio of 83.82, a PEG ratio of 1.74 and a beta of 0.30.

Several brokerages have recently weighed in on CCI. Barclays began coverage on shares of CROWN CASTLE IN/SH SH in a research report on Thursday, January 16th. They set an “overweight” rating on the stock. SunTrust Banks boosted their price target on shares of CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 18th. UBS Group boosted their price target on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Raymond James reissued a “hold” rating on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday. Finally, Zacks Investment Research raised shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $139.82.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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.

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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