Cerity Partners LLC Unloads 93271 Shares of Crown Castle

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Crown Castle ($NYSE:CCI) Inc. (NYSE: CCI) recently had 93,271 of its shares sold by Cerity Partners LLC, a private firm specializing in advising clients on their investments. The company is one of the leading providers of shared wireless infrastructure in the United States. Crown Castle offers a portfolio of services and solutions that enable carriers, such as Verizon, AT&T, and T-Mobile, to increase the coverage of their wireless networks. The company also leases wireless infrastructure to help drive the next generation of mobile connectivity.

With an expansive nationwide footprint and a strong balance sheet, Crown Castle has positioned itself as a key partner in the evolution of 5G networks. Its stock has seen steady growth over the past few years, making it an attractive investment option for many investors.

Market Price

The stock opened at $119.5 on Tuesday, before closing at $118.0, representing a 0.4% decline from the previous day’s closing price of 118.4. It is unclear why Cerity Partners LLC decided to unload its stake in Crown Castle Inc., however, it is likely that it was done for strategic purposes. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Crown Castle. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Crown Castle. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Crown Castle. More…

Key Ratios Snapshot

Some of the financial key ratios for Crown Castle are shown below. More…

Analysis

As GoodWhale, we performed an analysis of CROWN CASTLE‘s financials. According to our Star Chart, CROWN CASTLE is classified as a ‘cow’, which we interpret to mean that it has a track record of paying out consistent and sustainable dividends. This makes CROWN CASTLE a good fit for investors who are looking for a steady, reliable dividend income. In terms of financial health, CROWN CASTLE scored an intermediate 5/10. This means that they have a moderate level of cashflows and debt, which should be enough for them to ride out any potential economic crisis without the risk of bankruptcy. We can also see that CROWN CASTLE is strong in dividend payments, medium in growth and profitability, but weak in asset management. Overall, our analysis suggests that CROWN CASTLE is an interesting option for investors who are looking for steady dividend income and are prepared to take on moderate levels of risk. More…

Peers

In the telecommunications industry, there is fierce competition between Crown Castle International Corp and its competitors: SBA Communications Corp, Equinix Inc, American Tower Corp. All four companies are vying for market share in the United States, and each has its own strengths and weaknesses. SBA Communications Corp is the largest of the four, with a market capitalization of $45.3 billion. Equinix Inc is the second largest, with a market capitalization of $33.4 billion. American Tower Corp is the third largest, with a market capitalization of $30.6 billion. Crown Castle International Corp is the smallest of the four, with a market capitalization of $22.1 billion.

– SBA Communications Corp ($NASDAQ:SBAC)

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure in North, Central, and South America. As of December 31, 2020, the company owned approximately 39,000 communications sites, including approximately 26,000 towers in the United States, making it one of the largest tower companies in the world. The company also operates a global independent tower company that owns, operates and develops communications towers and sites for wireless carriers, including telecommunications companies, wireless data providers, government entities, and tower operators in the United States, Canada, Central America, South America, and the Caribbean.

– Equinix Inc ($NASDAQ:EQIX)

Equinix, Inc. is a leading data center company that provides colocation, interconnection, and support services to businesses around the world. The company operates in more than 50 countries and has over 200 data centers. Equinix is one of the largest providers of data center services in the world with a market cap of over $47 billion as of 2022. The company offers a variety of services including colocation, interconnection, support, and security. Equinix also provides a range of products and services to its customers including storage, networking, and cloud computing.

– American Tower Corp ($NYSE:AMT)

American Tower Corp is a real estate investment trust that operates wireless and broadcast communications towers in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa, and Spain. As of December 31, 2020, the company owned, operated, and managed approximately 176,000 communications sites.

Summary

Crown Castle Inc. has recently seen a significant transaction, with Cerity Partners LLC selling 93,271 shares of the company. This is a noteworthy event for potential investors interested in Crown Castle Inc.’s stock, as it reveals a shift in sentiment towards the company. Analysts should be tracking the stock and taking into consideration factors such as the company’s financials, competitive landscape, and prospects for future growth.

Additionally, investors should assess the stock’s performance relative to the broader market and other stocks in its sector. Overall, it is important to do thorough research before making any investments in Crown Castle Inc. in order to ensure the best possible outcome.