Chicago Partners Investment Group LLC Lessens Stake in Crown Castle Inc. (NYSE:CCI)

Chicago Partners Investment Group LLC recently reduced its stake in Crown Castle Inc. (NYSE:CCI) by 2.5% in the fourth quarter, according to a recent filing with the SEC. The fund sold 1,437 shares, bringing its total holdings to 56,634 shares valued at $5,978,000. Other institutional investors and hedge funds have also made changes to their positions in Crown Castle, with Operose Advisors LLC acquiring a new stake, Gables Capital Management Inc. increasing its position, and Valley National Advisers Inc. and SRS Capital Advisors Inc. also adding to their holdings.

Crown Castle’s stock is currently trading up 0.8%, opening at $99.10 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42, and a quick ratio of 0.42. With a market capitalization of $43.06 billion, Crown Castle has a one year low of $84.72 and a one year high of $119.50. The company’s recent quarterly earnings report showed a decrease in revenue, with earnings per share falling short of analysts’ estimates.

In addition to its financial performance, Crown Castle also announced a quarterly dividend, set to be paid on June 28th. Shareholders of record on June 14th will receive a dividend of $1.565 per share, representing an annualized dividend of $6.26 and a yield of 6.32%. Wall Street analysts have mixed opinions on Crown Castle, with several brokerages adjusting their target prices and ratings on the stock. Despite the fluctuations, the stock has an average rating of “Hold” and a consensus price target of $114.21.

Crown Castle owns, operates, and leases over 40,000 cell towers and approximately 90,000 route miles of fiber across the U.S. market. The company’s communications infrastructure plays a crucial role in connecting cities and communities to essential data, technology, and wireless services. Investors can stay updated on Crown Castle’s performance by visiting HoldingsChannel.com for the latest 13F filings and insider trades.