NEXT Financial Group Inc Has $765,000 Holdings in CROWN CASTLE IN/SH SH (NYSE:CCI)

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NEXT Financial Group Inc lessened its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 9.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,387 shares of the real estate investment trust’s stock after selling 542 shares during the period. NEXT Financial Group Inc’s holdings in CROWN CASTLE IN/SH SH were worth $765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in shares of CROWN CASTLE IN/SH SH during the 1st quarter worth $118,000. Man Group plc raised its position in CROWN CASTLE IN/SH SH by 10.0% in the second quarter. Man Group plc now owns 19,745 shares of the real estate investment trust’s stock valued at $2,574,000 after purchasing an additional 1,797 shares during the last quarter. Schroder Investment Management Group raised its position in CROWN CASTLE IN/SH SH by 321.2% in the second quarter. Schroder Investment Management Group now owns 16,320 shares of the real estate investment trust’s stock valued at $2,127,000 after purchasing an additional 12,445 shares during the last quarter. Doyle Wealth Management bought a new position in CROWN CASTLE IN/SH SH in the second quarter valued at about $48,000. Finally, Worldquant Millennium Advisors LLC raised its position in CROWN CASTLE IN/SH SH by 19.0% in the second quarter. Worldquant Millennium Advisors LLC now owns 35,468 shares of the real estate investment trust’s stock valued at $4,623,000 after purchasing an additional 5,657 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of $130.62 per share, with a total value of $130,620.00. Following the completion of the purchase, the director now directly owns 131,617 shares of the company’s stock, valued at approximately $17,191,812.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

CCI has been the subject of several research reports. ValuEngine downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group increased their target price on 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. Zacks Investment Research upgraded CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Wednesday, November 27th. Barclays initiated coverage on CROWN CASTLE IN/SH SH in a research report on Thursday, January 16th. They issued an “overweight” rating for the company. Finally, SunTrust Banks increased their target price on 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $139.82.

NYSE CCI opened at $149.78 on Friday. The business has a 50 day simple moving average of $140.30 and a 200 day simple moving average of $138.24. CROWN CASTLE IN/SH SH has a one year low of $109.58 and a one year high of $150.21. The stock has a market capitalization of $61.82 billion, a P/E ratio of 75.65, a P/E/G ratio of 1.58 and a beta of 0.25. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.72 and a quick ratio of 0.72.

About CROWN CASTLE IN/SH SH

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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