Janney Montgomery Scott LLC Sells 570 Shares of CROWN CASTLE IN/SH SH (CCI)

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Janney Montgomery Scott LLC decreased its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,323 shares of the real estate investment trust’s stock after selling 570 shares during the period. Janney Montgomery Scott LLC’s holdings in CROWN CASTLE IN/SH SH were worth $6,770,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CCI. Quantamental Technologies LLC bought a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter worth $42,000. Quadrant Capital Group LLC increased its position in shares of CROWN CASTLE IN/SH SH by 22.1% in the fourth quarter. Quadrant Capital Group LLC now owns 756 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 137 shares during the period. First Personal Financial Services increased its position in shares of CROWN CASTLE IN/SH SH by 33.4% in the fourth quarter. First Personal Financial Services now owns 667 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 167 shares during the period. Nvwm LLC increased its position in shares of CROWN CASTLE IN/SH SH by 182.0% in the fourth quarter. Nvwm LLC now owns 705 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 455 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of CROWN CASTLE IN/SH SH by 19.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 910 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 94.01% of the company’s stock.

A number of brokerages recently commented on CCI. TheStreet upgraded CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Goldman Sachs Group cut CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target on the stock. in a research report on Monday, January 14th. Raymond James upgraded CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Finally, Wells Fargo & Co raised their price target on CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH has a consensus rating of “Buy” and a consensus target price of $118.20.

NYSE:CCI opened at $118.37 on Friday. The stock has a market capitalization of $49.07 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.36 and a beta of 0.44. The company has a current ratio of 0.87, a quick ratio of 0.96 and a debt-to-equity ratio of 1.38. CROWN CASTLE IN/SH SH has a twelve month low of $98.85 and a twelve month high of $119.43.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts predict that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current fiscal year.

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CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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