F3Logic LLC acquired a new position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) in the 1st quarter, Holdings Channel reports. The fund acquired 1,750 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc lifted its position in CROWN CASTLE IN/SH SH by 7.6% during the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after purchasing an additional 3,771,236 shares during the period. BlackRock Inc. lifted its position in CROWN CASTLE IN/SH SH by 0.4% during the fourth quarter. BlackRock Inc. now owns 28,057,717 shares of the real estate investment trust’s stock valued at $3,047,911,000 after purchasing an additional 118,392 shares during the period. Magellan Asset Management Ltd lifted its position in CROWN CASTLE IN/SH SH by 0.6% during the fourth quarter. Magellan Asset Management Ltd now owns 12,663,576 shares of the real estate investment trust’s stock valued at $1,375,644,000 after purchasing an additional 69,936 shares during the period. Janus Henderson Group PLC lifted its position in CROWN CASTLE IN/SH SH by 2.7% during the first quarter. Janus Henderson Group PLC now owns 9,036,753 shares of the real estate investment trust’s stock valued at $1,156,691,000 after purchasing an additional 233,519 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in CROWN CASTLE IN/SH SH by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock valued at $665,173,000 after purchasing an additional 139,365 shares during the period. Institutional investors and hedge funds own 93.20% of the company’s stock.

CCI has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Bank of America boosted their target price on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Macquarie downgraded shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Deutsche Bank downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 target price for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. Finally, Guggenheim downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $122.50.

Shares of CROWN CASTLE IN/SH SH stock opened at $126.89 on Thursday. The stock has a market capitalization of $52.81 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.46 and a beta of 0.40. CROWN CASTLE IN/SH SH has a fifty-two week low of $99.99 and a fifty-two week high of $130.60. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.76.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.93). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. On average, sell-side analysts predict that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current year.

In other news, SVP Michael Joseph Kavanagh sold 2,500 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the completion of the sale, the senior vice president now owns 38,471 shares of the company’s stock, valued at $4,618,828.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Landis Martin bought 18,350 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of $123.13 per share, with a total value of $2,259,435.50. Following the purchase, the director now directly owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by insiders.

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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 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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