Hexagon Capital Partners LLC Has $130,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Hexagon Capital Partners LLC cut its holdings in Crown Castle Inc. (NYSE:CCI) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,125 shares of the real estate investment trust’s stock after selling 156 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Crown Castle were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. United Services Automobile Association lifted its stake in shares of Crown Castle by 23.1% in the third quarter. United Services Automobile Association now owns 13,411 shares of the real estate investment trust’s stock worth $1,234,000 after buying an additional 2,516 shares during the last quarter. Court Place Advisors LLC acquired a new stake in shares of Crown Castle in the fourth quarter worth $201,000. Van ECK Associates Corp lifted its stake in shares of Crown Castle by 0.5% in the third quarter. Van ECK Associates Corp now owns 117,914 shares of the real estate investment trust’s stock worth $10,852,000 after buying an additional 542 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Crown Castle by 8,611.0% in the fourth quarter. International Assets Investment Management LLC now owns 703,236 shares of the real estate investment trust’s stock worth $81,006,000 after buying an additional 695,163 shares during the last quarter. Finally, Manning & Napier Group LLC acquired a new stake in shares of Crown Castle in the fourth quarter worth $5,005,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Up 1.5 %

CCI opened at $95.23 on Thursday. The firm’s 50-day simple moving average is $102.84 and its 200-day simple moving average is $105.34. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.40 and a current ratio of 0.42. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $122.97. The firm has a market cap of $41.38 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.50 and a beta of 0.76.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Thursday, March 14th. Crown Castle’s payout ratio is 195.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCI. Scotiabank reduced their price objective on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company cut their target price on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. Royal Bank of Canada upped their target price on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Finally, Argus cut shares of Crown Castle from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.29.

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.