After this afternoon's 1.6% surge to $116.61 per share, Crown Castle might just keep moving past its target price of $112.88. With an average analyst rating of hold, and target prices from $86.0 to $127.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 4.02. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.8% of Crown Castle's shares being owned by this investor type.
Institutions Invested in Crown Castle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 13% | 56,545,547 | $6,593,776,270 |
| 2024-06-30 | Blackrock Inc. | 9% | 40,865,579 | $4,765,335,192 |
| 2024-06-30 | Cohen & Steers Inc. | 5% | 22,634,740 | $2,639,437,045 |
| 2024-06-30 | State Street Corporation | 5% | 20,128,191 | $2,347,148,364 |
| 2024-06-30 | FMR, LLC | 4% | 15,264,458 | $1,779,988,456 |
| 2024-06-30 | Wellington Management Group, LLP | 3% | 14,157,411 | $1,650,895,705 |
| 2024-06-30 | Morgan Stanley | 3% | 13,553,973 | $1,580,528,799 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 11,953,161 | $1,393,858,111 |
| 2024-06-30 | Capital World Investors | 3% | 11,216,589 | $1,307,966,450 |
| 2024-06-30 | Bank of America Corporation | 2% | 7,865,530 | $917,199,458 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Crown Castle.
